A new case for GOLDMONEY - formerly BITGOLD

Early in 2016 I discovered an online service, called BITGOLD, that allows members to save in an electronic form of gold. My basic understanding was that BITGOLD is a form of crypto-currency like BITCOIN, but backed by gold. Then in May, I decided to give BITGOLD a try after watching an interview of Rick Rule, the CEO of SPROTT USA. Since then, BITGOLD bought out a bullion bank called GOLDMONEY and named the combined companies GOLDMONEY Inc.

A case for BitGold

Earlier this year I heard about BitGold (sign up for BitGold here) and thought it was something like BitCoin (find out more information about BitCoin here). Because I am not interested in electronic crypto currencies I did not look into BitGold. All that changed when I watched an interview with Rick Rule where he admitted to testing the service. This got my interest.

How my investment portfolios are surviving the melt down

Since I started investing in the stock market, back in November 2013, I have lost quite a bit of cash - approximately 60%. But since I found the secret to successful investing - only buy stocks that have a debt to equity ratio of less that 40:1 - I have reduced the overall loss to less than 25%. Also, the global financial system/banking industries are expected to totally collapse when confidence in the US$ collapses. When this happens, the US$ will go to zero and will take all other currencies down with it. This will cause all major banks outside of China, India and Russia to fail.

Where I get my investment ideas from

Back in October 2013 I got interested in the stock market because Twitter (TWTR) was going IPO (Initial Public Offering). Also, with interest rates on savings accounts near zero and central banks zero interest rate policy (ZIRP), only place to get any decent return on my cash is to invest in the stock market. Since then, I have bought shares in a number of companies but not Twitter. In that time I lost 60% of my investments or about $2,000. To me this is the cost of learning to identify undervalued assets.

What you will need to survive a complete economic, financial and political melt down

In my previous post, How to survive this economic crisis, I talked about surviving this economic crash from a wealth management point of view. This post is about surviving a the total economic, financial and political melt down as in the collapse of the entire banking system, people rising up against local, regional and national governments and the failure of infrastructure - power, water and non-solar powered communications.

How to survive this economic crisis

I first started investing in the stock market in November 2013. As part of my learning to invest, I started playing the "Portfolio" game on Royal Bank Direct investing (RBC DI) web site in February 2014. By July the first game had gone from $100,000 to $550 million. Since then that game has fallen to $388 million.