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Wealth Preservation, Investing, and Prepping in 2010

This article has been contributed by Mac Slavo of SHTF Plan [1].

The trend going forward during this economic depression is getting back to basics. We often discuss ‘prepping’ as a way to protect your family in the event of an unforeseen catastrophe (natural or man-made). Recently, we’ve seen more financial analysts and advisers recommend shifting from traditional investments like stocks, bonds, CD’s and money market accounts, to tangible assets that will gain value regardless of what stock and bond markets do.

Of course, we’re not saying you should go out and spend your entire 401k retirement account on 5 gallon buckets of rice, but diversifying into hard assets on a variety of levels could be a great investment. As the US Dollar continues its decline over the coming years, the price of essential consumer goods is likely to rise. Certain goods, however, like real estate, cars and anything that is driven primarily by credit expansion may experience a deflationary impact in real dollar terms, while others, like food and energy may see explosive price increases.

Paul Mladjenovic of SuperMoneyLinks.com [2] discusses 3 Things Everyone Needs to Do with Money in 2010 [3]:

“OUR GOVERNMENT CAN NOT SPEND OUR COUNTRY INTO TRLLIONS OF DOLLARS OF DEBT WITHOUT CONSEQUENCE.

I am working on my next set of forecasts and seminars but before they are out, I want everyone (and I mean EVERYONE) to consider 3 simple things to gain greater financial peace of mind:

Diversify away from paper assets.

Accumulate essentials.

Re-focus your portfolio with emphasis on “human need”.

[Read the full, expanded article [3]]

In Buy Commodities at Today’s Lower Prices, Consume at Tomorrow’s Higher Prices [4] we offered some ideas about how to be a ‘prepper’ and ‘investor’ simultaneously.

“If you are a prepper, for example, who is already stocking essentials foods and goods, you’re way ahead of the game. As commodity prices continue to rise for a variety of reasons, your “investment” is paying off in real terms. Buy 10 pounds of rice today for $10, and when that same bag of rice goes to $20 a year or two from now, you can say you earned a 100% return on your investment! And the great thing about your investment, is you don’t have any counter party risk, for the most part, meaning that you own the physical good and it is in your possession — you take delivery at any time!”

For those interested in investing some of their wealth into real, tangible assets, consider the following as food for thought:

It is important to be prudent with where one might invest their money, as it is impossible to say for certain that an inflationary environment is in our future, and which goods will be affected by increased prices. But all signs point to an eventual devaluation, officially or unofficially, of the US dollar. While the aforementioned “investments” are not traditionally accepted and your financial adviser might think you’ve gone off the deep end, they are worth considering and provide you with another option for protecting your wealth.

This article has been contributed by Mac Slavo of SHTF Plan [1].