Your Questions About Investing In Foreign Coins

0
0
0
0
0
0
0
0
0
or copy the link

David asks…

What should I be investing in to prepare for an economic downfall?

I’ve been reading about people investing their money in metals, gold, coins, etc. to have their value secured when the U.S. economy goes all “digital” (plastic money or something of the sort) or just that cash loses it’s value greatly.

Then there’s people that also say they wouldn’t keep their money in banks. Is that bad or good? Would not keeping my money in banks affect the economy? Is it better to keep cash at home then or invest it internationally?

Is it wise to open bank accounts in different foreign countries to keep it “dispersed” and when one country’s economy falls, it won’t be a big hit to the person that did so because he/she still has money in the other accounts? In what countries would it be best to invest money?

If I have a good amount of money saved, should I be investing it in certain things that over time increases my amount of money, like stocks or bank investments? if so, what would be a good example?

Thanks

Justin answers:

If you do not have a whole lot of money, put it in precious metals. If you have a whole lot of money, you better move it out of the country. Move it to places such as Singapore or India. Now that Obama is back and he is like a magician. Your money will disappear before your naked eyes.

Robert asks…

is tourism good or bad for kenya?

just need some help with my geo project

Justin answers:

Tourism is a major revenue earner for the Kenyan Republic. Although some may argue that it does not benefit the countries’ cultural heritage, it does bring in a substantial amount of revenue to even have the government have a tourism ministry. Below are some of the pros and cons of tourism in Kenya.

PROS

1. Tourism creates employment for atleast 23% of Kenyas population, hence is a major backonefor the economys health.
2. Investors do so after they have visited kenya a few times as tourists then they see the unlimited opportunities present.celebrities like Naomi Campbell, Actor Will Smith and Billionaire Bill Gates have invested in this country by owning vacation homes, land and hotel chains.
3. Due toTourism,Kenya’s natural resources are jealously guarded by the government. Examples of these are The natural habitats of wild animals,coral reefs ,the rich culture of the Kenyan people,There is plenty of Wild life which is becoming scarce in most parts of the globe.
4. Due to foreign visitors, technology and infrastructure has a conducive environment for rapid growth. Kenya has the second fastest growing economy in Africa after it’s neighbour Uganda.

CONS

1. Tourism has created an erosion of family values and traditions.
2. Tourism is a major catalyst for prostitution especially on Kenya’s Coast line ,which in turn enhances the spread of the HIV virus.
3.Due to the financial statusof most tourists, illegal drug trafficking has grown exponetially due to the increase in clients from abroad.

After loking at both sides of the coin, anyone would agree that although tourism has its disadvantages, its advantages outweigh any disadvantages it brings to the Kenyan Republic.

John asks…

annuity and bond? 10k investment?

hi, i’m fairly young with no debt, no plans on owning a car or house and i want to invest my money (from a cd account) into either/and a fixed annuity or bond (preferably a safe govt bond)
what do you suggest? am i wasting time investing in an annuity since i am no where near retirement or should i diversify my options in bonds?
PS i’m doing this through chase (unless I shouldent?)
PPS is there a website that teaches dummies like me about the different bonds out there?

Justin answers:

Government bonds are government debts.
People and foreign nations buy them that way giving the government more debt.
The government has right now $13,000,000,000,000 (trillions) of debt.
How is the government going to pay for that?
He is going to print the money out of thin air.
What happens when they print that much money out of thin air?
The dollar becomes worthless.
The best investment to prepare for the dollar to be worthless is physical gold and silver.
You can buy 1oz. 99% pure silver coins by coin dealers for about $18 each while gold would be $1,050 each.

William asks…

can gold bar be exported?

My aunt plan to go to taiwan for vacation and hopefully to sell her gold bars there, my question is, can gold bars be exported by carrying them with you through passenger planes? Does US Custom allows it?

Justin answers:

I’d say YES, because they can brought in the US. If you can take them in, logically you should be able to take them out.

Gold coins, medals, and bullion, formerly prohibited, may be brought into the United States.

However, under regulations administered by the Office of Foreign Assets Control, such items originating in or brought from Cuba, Iran, Iraq, Libya, Serbia, and Sudan are prohibited entry.

Copies of gold coins are prohibited if not properly marked by country of issuance.

The most traditional way of investing in gold is by buying bullion gold bars. In some countries, like Austria, Liechtenstein and Switzerland, these can easily be bought or sold “over the counter” of the major banks.

Alternatively, there are bullion dealers which provide the same service. Bars are available in various sizes, for example in Europe these would typically be in 12.5kg or 1kg bars (1kg = 32.15072 Troy ounces), although many other weights exist, such as the Tael, the 10oz or 1oz bar.

Powered by Yahoo! Answers