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Positioning Yourself for When Our Money Dies

Hope alone is a terrible wealth preservation strategy
Tuesday, July 10, 2012, 10:35 AM
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Executive Summary

  • Sustaining through a prolonged currency decline is challenging. How to best invest your capital through the speculative whipsaws that will buffet asset prices.
  • Why important-dependent countries (like the US) are particularly vulnerable.
  • What the stages of a US currency crisis will be.
  • What the lessons from the currency destruction in the Weimar Republic and modern Iran have to teach us about wealth preservation.

If you have not yet read Part I: Our Money Is Dying, available free to all readers, please click here to read it first.

A Process, Not an Event

An important observation is that even the most destructive of these episodes are multi-year processes and are not events that transpire over a matter of days.  This means that you will most likely have to plan on navigating the waters for at least several years, possibly as many as ten, which raises issues around the depth of your mental and emotional resilience, and the durability of your physical and financial preparations. 

Sure, nearly everybody can coast through the first few weeks and months of a monetary crisis. But very few will truly thrive through the entire process until a final capitulation is reached from which a new beginning can emerge. 

Is such resilience even a reasonable goal, or something that can be consciously manifested? 

Yes, of course it is.  That's why we at Peak Prosperity are here doing what we do...

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