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The Importance of Wealth Preservation
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June 13th, 2011Economy, financial eduction, General, global economy, Gold, UK Economy, wealth preservation
Isn’t time you started preserving your wealth?
There is saying which goes ‘Rich people have big libraries whilst poor people have a big televisions’. And this is directed at those in financial poverty but mindset poverty, as well!
There is also something else that the rich have but the poor do not, and that is strategies to not only grow their wealth but to preserve it.
In the last several decades the objective for the masses has been to pursue capital appreciation aka ‘getting rich’; which has been epitomised by the now ‘ailing’ property market – globally and nationally. In contrary the art of wealth preservation and protecting one’s wealth has been forgotten and all but dismissed by the masses.
Wealth preservation can be defined by the relevance of putting more importance on not losing money than it is to making money. As such the paradigm shift of the 20th and 21st century has been to ignore the business and economic cycle of old; and that is that there is a time to reap and a time sow. There will always be rainy days – as the global and national economic downturn demonstrates.
With UK inflation – a stealth form of tax that erodes the value of your money – hitting a two year high; there are various ways to preserve your wealth but here are three ways that Butterfly Wealth Creation – the business that helps you to ‘create wealth, preserve it & prosper’ proposes, some of which are mentioned and recommend by my favourite financial magazine www.MoneyWeek.com, –
- National Savings and Investments (NS&I) inflation-linked savings certificate. These certificates were pulled from the market last year due to over subscription, so if it is something of interest to you then click here sooner rather than later to review and get your account.
- Forex -a high risk strategy which plays the different world currencies against each other. The interest rates, however, can be quite lucrative. For further information on this please contact Amanda Francis Elliott of Wise Women Wealth at info@WiseWomenWealth.com . Or if you would like to learn how to trade the markets for yourself then contact Eamon Philips of Veritas Traders on 0800 002 9398.
- Gold (and silver), the only assets that has never failed in history. They are both tangible assets of inherent value as such their purchasing power will never fall to zero. The same cannot be said for the various world fiat currencies. Eventually all revert back to their intrinsic value, 0.
In the video below Mike Maloney, the No.1 precious metals expert out there, talks about investing in gold and silver.
httpv://www.youtube.com/watch?v=a9-bOinwh9Y
To start purchasing Gold in a secure, safe and cost effective way then click here to review and sign up to KB Vision, a German-Swiss company bringing gold to the people. Gold is, after all, for everyone not just the rich and the elite
To end it is important to note that yes, other asset classes are more about capital appreciation and growth, which is what you may be looking for; however, gold should be an asset to also diversify in to for the reasons stated above. No one knows what is going to happen in the coming years but the gold bull market is not going to crown any time soon and there are solid and factual reasons for this. Thus, the paradigm of the masses will more likely than not, shift from wealth appreciation to that of wealth preservation and when it does it will fuel the continuous glittering rise of both gold and silver. And, as such gold’s role in preserving wealth will once again assume its historical position of importance and safety aka store of value.
“Although history never quite repeats itself, and just because no development is inevitable, we can in a measure learn from the past to avoid a repetition of the same process. One need not be a prophet to be aware of impending dangers. An accidental combination of experience and interest will often reveal events to one man under aspects which few yet see.” F.A. Hayek, The Road to Serfdom, 1944
To your success and becoming financially savvy

P.S. I will holding a number of talks on Gold both online and offline; the first being this Friday 17th June at the City Business Library, in London, UK – which is now fully booked. Thus, please sign up to my Gold mailing list to be kept up-to-date with dates.
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John Montoya






