The global economy is burning! When you look at the countries in North America, South America, Europe, and Asia they all have one thing in common- DEBT. For example, the United States current national debt is 23.3 Trillion dollars and the yearly interest on this debt is $479 billion dollars.
The idea of this blog is to spark a new way to think, challenge conventional wisdom, and SMASH the Box on how we invest for the future! We can diversify our investments in many ways which include investing in real estate, buying stocks or bonds, buying art, or investing in precious metals. However, the majority of Americans have all their wealth (401K, pensions, IRA’s) tied up in the stock market which can be risky.
Our family has been investing in gold and silver as a way to diversify our investments and we have been following the lead of central banks. Central Banks around the world are buying gold at a record pace:
Central banks would have a greater sense and vision of what the future looks like in regards to economies, inflation, and monetary supplies. Therefore, a simple question we asked ourselves is if central banks around the world are buying gold why shouldn’t we?
“Rome is Burning” and we are burning an incredible amount of Dollars, Renminbis, Rubles, Pesos and any other currency you can think of at an alarming rate. As creative leaders what ideas are we generating, and more importantly, what actions are we taking to diversify our investments in a changing world?
- In July of 64 A.D., a great fire ravaged Rome for six days, destroying 70 percent of the city and leaving half its population homeless. According to a well-known expression, Rome’s emperor at the time, the decadent and unpopular Nero, “fiddled while Rome burned.” The expression has a double meaning: Not only did Nero play music while his people suffered, but he was an ineffectual leader in a time of crisis.
- Photo by David Köhler on Unsplash