In 1815, Napoleon Bonaparte said, “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no Motherland; financiers are without patriotism and without decency; their sole object is gain.”
Here are 30 very good reasons why gold is a far better way to hold and preserve your wealth that real estate. I strongly encourage you to watch these two videos very carefully, as I did. Most of the excellent points made apply to all markets internationally.
When it comes to owning real estate in foreign countries, people have no idea how risky that is. A simple example is when I bumped into a lady who belongs to my church today. I was riding my bicycle and returning home through a park where she was taking her little girls to play. As we chatted, I remarked how nice it was that she could feel safe while out on the forest trails, unlike in South Africa, where I come from. I was shocked when she responded, “Is it dangerous in South Africa?”
The average Canadian has no idea what goes on in South Africa; all they know is that it’s a beautiful country with exotic wildlife. And as a result, many foreigners have purchased real estate there. This is what is really going on there. The Western media, of course, keeps this under wraps. It’s not a place where any sane, informed person would want to own real estate, since soon it will be taken away by the black government and given to local blacks. 99% of white South Africans that are living outside South Africa are refugees!
In Greece, people who had owned their homes mortgage free for generations lost their homes when the government, directed, naturally, by the banks, pushed their property taxes up so high that they were unaffordable.
In the hard times that are coming, people need flexibility and anonymity more than ever before in history. Physical gold is the obvious answer; It’s easy to understand, afford, transact, transport, and hide, and as paper money returns to its true value of zero, your gold will skyrocket in value.
Robin Elliott LeverageAdvantage.com