Tagged: geographic diversification

Geographic Diversification is Not Just for Doomsday

I advocate geographic diversification for a portfolio (using gold). This means not keeping all your money in the country where you happen to reside. The most common criticism I hear when I mention geographic diversification is, bar none, that it will be useless in a doomsday emergency because you can’t get to the assets. This objection though misses the most salient point of geographic diversification: Not every financial emergency is doomsday.  Now, understand that I don’t think imagining extremes in investing is ever a good...

Emergency Tactics and Geographic Diversification

Sometimes I’m asked about geographic diversification (specifically with gold) and how useful it really will be in an emergency where you live. This kind of topic is really hard to speculate on for a number of reasons. For instance: 1) What is the emergency going to be? 2) How will the emergency play out? 3) What kinds of legislation will be passed and laws enforced to deal with the emergency? 4) Does it only affect you specifically, or is it...

Storing Gold in Canada and Overseas Gold Storage Realities

From time to time I get asked questions about storing gold in Canada for geographic diversification for persons living in the U.S. Sadly, this is not optimal. Optimally, I’d like to have assets for geographic diversification separated by a large body of water, like an ocean, from whatever country I happen to reside in.  Now the above isn’t because I’m looking to make life more difficult. It’s just that it is almost as much hassle setting up an account in...