I’m actually reporting tonight from bed-side in my hotel room; I managed to crash my $3/day motorcycle rental this afternoon, and between the cracked rib and other pleasantries, I’ve decided to call it an early evening.
Fortunately for me, Thailand has some of the best healthcare in the world, at least if you’re an expat and go to the several renowned and accredited private hospitals… but more on that in future letters. Tonight I thought I would sit down and specifically address some of your questions, which is something I have not done in some time:
Keith from Ontario recently asked, “Simon– where is your money when World War III starts?”
Good question. The emergency fund is in physical gold and silver, plus a lot of currency from about 40 different countries. I travel with quite a bit of it and keep the rest stashed away in some strategic locations around the world– you can read about these places in our free Gold Report.
I don’t believe that the world is going back to a barter or gold system anytime soon. Governments like having an inflatable fiat currency, and people have become too institutionalized on worthless paper money.
If there is a future cataclysmic event that causes a worldwide currency and financial meltdown, governments and financial markets will likely engineer a substitute quite quickly. In this case, gold and silver will have been fantastic investments, but likely not needed as a hard currency for the long-term.
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