FAQ: How To Preserve My Wealth in This Volatile World? | Gold ...

Q&A: How To Preserve My Wealth in This Volatile World?

Right?.my granddad left me ?40 million recently. I don?t trust ordinary banks and I?ve recently been introduced to an investment bank called ?Goldman Sachs?. I?ve been told this bank only deals with large corporations and even governments, but I?ve discovered that they can also help managing personal wealth to individuals like myself. I had a meeting with one of their financial advisors the other day and they are prepared to open a private account for me and even issue me with a ?Goldman Sachs? VISA card. They asked (rhetorically) how many people do I think have this card on this planet, meaning that millions and millions of people around the world bank with conventional banks such as HSBC, City, Bank of America, etc, but there are less than 5 000 individuals who actually have got an a/c with ?Goldman Sachs?.

Anyway, my concern is that if I put ALL my millions into that bank, and one day that bank goes bust, then I?ll be broke?

So I?m thinking of putting ?20 million into ?Goldman Sachs? and the rest I want to bury in my back garden. But then I thought to myself, then even currencies (GBP or USD) are susceptible to deflation, so I realised there is no currency in the world I could completely trust. So I came up with the solution: I?ll buy as many gold bars for those ?20 million as I can, and then I?ll bury all this gold in my back garden.

Do you think it?s a wise decision or is there even a wiser choice I could make to preserve my money?

Goldsenze Answer:

I would purchase platinum instead. There are no restrictions on personal possession of the metal and it is more valuable than gold.

Or diamonds.

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