Doug Casey on the Biggest Danger to Your Wealth
June 17, 2009
Louis: Good morning, Doug. This week, I’d like to ask you about diversifying your assets outside of your home country. What is the danger for investors who keep all their assets at home, and what are the alternatives? It looks like there’s a real risk of exchange controls blocking capital from leaving the United States. The Obama tough talk on tax havens is one sign. What should people do, while there’s still time, to avoid getting trapped?
Doug: Well, investment risks are huge in today’s world. But political risks are even greater, and most Americans are completely unprepared. The biggest danger to your wealth isn’t the markets, as ugly as they are. The biggest risk today is your own government. The only way you can protect yourself is by internationalizing your assets.
L: You mentioned something that Americans ...