Will You be Ready When the Financial Collapse Hits America?

A police siren woke me.

As I lay there in bed, listening to the alarm, my first thought was: “Will this be the sound that constantly fills the air when America comes tumbling down?”

After a long day of talking to Total Wealth Symposium attendees, taking notes, answering questions and posting on Twitter, I passed out cold when I finally returned to my room late last night. But apparently the warning words from Jeff Opdyke, Erika Nolan and the other speakers were still ringing through my head as I slept.

Most Americans are too frightened to consider what would happen if the economy crumbled, or if the government resorted to drastic measures to make up for its hideous errors.

But the United States is slipping deeper into a crisis that it can’t escape without resorting to a massive wealth confiscation. And while police sirens may shatter the quiet night air many times in our future, there are still several ways you can protect yourself so that you can still sleep …

The Total Wealth Symposium has had some insightful speakers discussing the various ways you can protect your assets from the wealth confiscation tax that is coming to America. Since beginning with The Sovereign Society just under a year ago, I’ve read Jeff’s advice on purchasing gold, coins, real estate and stamps as a way to preserve, protect and grow your wealth.

So speaker Stephen Hofer from P.G. Service caught me by the ear when he suggested another hard asset, easy to carry and easy to hide — colored diamonds.

Mr. Hofer, an expert in colored diamonds, explained that colored diamonds are more valuable on a per carat basis than pure, colorless diamonds.

But the competition for these rare and unique gems is fierce, as you can probably imagine. You see, the supply of high-quality colored diamonds is extremely small and getting smaller all the time. What’s more, as the most concentrated form of wealth in the world, colored diamonds are viewed by the wealthy as the ultimate status symbol, so demand is very high for these precious stones.

But while many large colored diamonds sell for millions of dollars, there are many small stones with unique, brilliant colors that can be found for only thousands, allowing even amateur collectors an entrance into the diamond market. Mr. Hofer did warn that a collector needs to have patience, be persistent, and have a bit of luck on his side.

Collecting colored diamonds might not be as easy as picking up a few hundred shares of a company or even a handful of gold coins, but the end result is owning one-of-a-kind gems that are positively exquisite, easy to keep track of, and undoubtedly bound to retain their value.

Mr. Hofer went on to explain in more detail which of the 14 color varieties are rarest and in high demand, but I didn’t have a chance to get down all the details.

Freedom Insurance

Another speaker that presented some eye-opening information was Daniel Perron, a Managing Partner of Henley & Partners Canada Ltd. Mr. Perron brought up a thought-provoking rationale for having a second residence.

You insure your car. You insure your home. You even insure your life.

But have you taken any steps to insure your freedom?

This isn’t a concept that many Americans think about, but our passport is a reflection of the freedoms we have. It allows us to travel in and out of countries with minimal disruption, and most of the time without a visa. How many countries in the world allow their citizens to do that?

But what if the financial collapse America has been hovering over finally happens? Do you think those freedoms that we’ve enjoyed for so long will go untouched?

Probably not.

Mr. Perron pointed out that Russia recently passed a law that requires any citizen with a second residence or passport to report it — a law so drastic and severe that it raises the ugly specter of further restrictions to come that will be imposed on those people.

Now, Russia is always a frightening example, but it points out that freedoms given can just as easily be snatched away.

However, a second passport is insurance that the freedoms you enjoy remain protected.

Mr. Perron explained that Henley & Partners specializes in helping people acquire a second residence through a variety of residence programs around the world.

One example he gave was Malta’s residence program. It is viewed as a type of premiere passport because it would also allow you to live and work in the EU, as well as travel to many countries without needing a visa. But there are many other options for you to consider.

Pages and Pages of Notes

I have pages of notes that I’m sorting through from yesterday and even more notes from great speakers today. The fact is, I can’t get it all down fast enough to share with Sovereign Investor Daily readers.

But I don’t want you to miss out on the incredible advice our experts have shared with the Total Wealth Symposium attendees.

You can still get all the great information with the Confiscation Survival Kit. Watch all the presentations, plus get their PowerPoint presentations so you can look through each slide at your own pace. For more information on the Confiscation Survival Kit, please click here.

Also, I’ll keep you updated through the day on the Sovereign Twitter account under the hashtag #TWSPanama.

From your conference insider,

Jocelynn Smith
Managing Editor, Sovereign Investor Daily

The post Will You be Ready When the Financial Collapse Hits America? appeared first on The Sovereign Investor.