Busting Scams - From HYIPs to Identity Theft Insurance

There are a lot of forces at work making the US Dollar weaker over time.  What can you or I do about it?  Hedge our bets by getting international exposure, and put some percentage of assets in precious metals.  If you see yourself as a citizen of the world, travel, and have family overseas, you pretty much MUST do this to secure your future.

Here are the things I've done:

• Move my US accounts to a bank like Everbank that allows foreign currency deposits and CDs.
• Put a small percentage of savings in gold.  I'm still learning about the best way to do this; here is what I've done so far:
• Kitco - buy into their "unallocated pool"
• BullionDirect - buy a few coins
• Apply for an account at GoldMoney
• Opened an overseas savings account
• Exchange some US$ for Gold demoninated "e-currencies"
• Played with a "ForEx" account to get a feel for foreign currency trading

Results are pending, and I will expand on each of these topics later.  Some things to keep in mind:

• Americans (like me) are permitted to open overseas accounts, but come tax time you may need to report the account to the US Government of this account and report the interest income.  Don't try to use foreign accounts to escape taxes, you might go to jail if you do.
• If you decide to buy gold, do it over time so you get a cost-averaging effect.  Gold has been volatile lately, so this is important.
• There is a LOT of CRAP on the net and elsewhere about gold, be careful
• Don't mess with ForEx trading unless you are willing to lose all the money you put into it, and beware of Forex SCAMS

More on all of this later....stay tuned!