I received a few emails wanting my opinion about the following. As you read it, I will add some side notes (in parenthesis) explaining my thoughts.
Washington's Nasty Trick to Confiscate Your Savings... Here's How Americans are Resisting...(Government confiscation of individual retirement accounts is not something you have to worry about in this day and time. A lot of things would have to happen for that to even be a possibility).
This February, U.S. government debt surpassed a record $22 TRILLION (TRUE).
It took over 200 years to rack up the first $1 trillion in debt. But today, the debt is soaring. In fact, Washington has racked up the last $1 trillion of debt in JUST 11 MONTHS (Yes, and it went from 20 to 21 trillion in 6 months).
Deficit spending is now parabolic, and it's destroying the savings of an unsuspecting American public (not literally).
Former head of the U.S. Fed, Alan Greenspan, once put it simply: "Deficit spending is simply a scheme for the confiscation of wealth." (Yes, true, but he does not say confiscation in meaning the act of confiscating - a quote taken out of context.)
Are your savings protected from this? Do you even know how to prepare? If you have an IRA or 401(k), here's one way to prepare (before it's too late)... (marketing 101 - build a sense of urgency).
To combat wealth confiscation, Greenspan offers one simple piece of advice: "Gold stands in the way of this insidious process." (This quote came in 1966 which was a different time).
Today, one of the best ways to move into gold and silver is to convert your IRA or 401(k) into a "Self Directed" Gold IRA.
While you still can: Get a no-cost info kit on gold, and the IRS Tax Law to move your IRA or 401(k) to precious metals – with NO tax consequences.
Birch Gold Group
Last Thing: As deficit spending keeps growing and growing, so does the value of your savings decline. Request your info kit on gold now – while you still can.
First, this is a marketing piece designed to scare you into liquidating everything you have in IRAs and investing into gold with Birch Gold Group. They would like that very much because it would make them a lot of money.
Second, even with the debt, the US currency is the supreme currency in the world. We are not in any threat of that changing anytime soon.
Third, if the government was going to confiscate your retirement accounts, they would take gold IRA's as well.
Fourth, the politicians would never allow us to go back to the gold standard because it diminishes their power. They can control the dollar and the monetary system.
Fifth, the value of gold has done nothing in roughly 6 years as our debt has increased. If the above were true, the value of gold would have been increasing.
There is no question that this is going to end badly. However, this can go on for many years into the future before it is a problem.
Please don't pay any attention to these marketing doom and gloom pieces because that is all they are. If you want gold in your portfolio, get it from someone who does not use scare tactics to get you to invest. Also, a reputable dealer would never suggest putting everything in gold.