Gold, as you know, is a hedge against inflation, which in the UK stands at 3.5%; 1.5% above target. It is the oldest currency in the world, and now that I understand what money is and how it works, I appreciate why it is.  Gold preserves your money, your assets! And will always do so. Full stop!

‘No paper currency’ Tim Price writes in this week’s Money Week ‘has ever persisted. The fate of all paper currencies is to deteriorate over time towards their inherent value, which is nothing.’ This statement is backed up in the following video ‘The Demise of the British Pound through Monetary Inflation’,

httpv://www.youtube.com/watch?v=AgnMRDrPBfY

For further information on the demise of the pound you can review Money Week’s report on the same subject ‘The long and tragic history of the pound’.

This is why NOW is the time to buy gold! Not tomorrow, not next week but now! Gold is going up whilst the economy is heading for its ‘armageddon’ irrelevant of how much the governments want to manipulate the media and markets. And even if it doesn’t happen purchasing gold is always a smart thing to do.

So how should you buy gold? I covered this in a previous Becoming Financially Savvy article; please click here to review it. So, the real question here is where should you keep/store your gold? Some gold investors feel more secure keeping their physical gold on their person, i.e. in a safe at home. Others prefer to hold it in a secure storage – especially if they are big gold bars.

Both ways have their pros and cons and is ultimately a personal choice; however, when making this decision one has to take into consideration the element of protecting one’s gold from government confiscations.  In the US, the state of Washington has recently proposed House Bill 1716. If passed this will mean that all purchasers of gold with a value of more than $100 will have to supply their “the name, date of birth, sex, height, weight, race, and address and telephone number of the person with whom the transaction is made”. The US has dark history in this area as from 1933 to 1974 President Franklin D Roosevelt made “the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates” by American citizens illegal. To read more about this click here.

In Europe, the Dutch central bank ordered SPVG, a glass workers’ pension fund to forcibly reduce its gold holdings. Furthermore, in Weimer Germany 1924, there was a gold edict confiscating gold; so let us not delude ourselves to say it cannot happen again. As Tim Price continues in his Money Week article ‘It is not implausible…that Western governments, in extremis, in addition to raiding private pensions might reintroduce capital controls and other draconian measures that will punish the financially prudent’.

I advocate the old age adage ‘forewarned is forearmed.’ By being forewarned enables you to make informed decisions about YOUR money, YOUR finances, because no one is going to care more about your money than YOU!!

Switzerland is a solution to the above. Switzerland is renowned throughout history for not only protecting the identity of their clients but their client’s assets from prying hands and broke governments, and you only have to watch the news to know that the UK is broke.

I am proud to write that I work with a company, KB Gold, second largest producers of 0.5G Gold kinebars and the largest producers of 1G Gold kinebars, who are certified by the Swiss government. They not only produce these miniature sized gold bullion but also keep their client’s gold in one the safest vaults in the world, St Gotthard Massif, which is also where the Swiss government hold their assets. Storage is FREE of charge to all KB Gold clients, with PriceWaterhouseCoopers auditing their gold supply in Switzerland.

Since your gold is allocated under your account number rather than your name, if your government did go looking for your assets they would not be able to find it, giving you peace of mind in purchasing gold. To find out more about purchasing gold in a safe and secure way go to www.KBGold-Global.com as well as join my gold mailing list to be kept up-to-date on the Gold market, as well as KB Gold.

This coming Wednesday 2^nd March I will be hosting two live webinars – 2pm GMT and 8pm GMT – at TV.ButterflyWealthCreation.Co.Uk , where you will have the opportunity to win some gold!

I will also be speaking live about Gold at the ‘Develop Your Wealth Creation Mindset’ event on Wednesday 9^th March. Go to www.ButterflyWealthCreation.com/events for further details. If you are based in the London, UK area it would be great to meet you.

To your financial success

Butterfly Wealth Creation

p.s. Videos on KB Gold can be found at www.BecomingFinanciallySavvy.com/Gold-2