There’s something important we can learn from the recent chaos in India, when the government declared the banknote of Rs.500 and Rs.1000 no longer legal tender.
The goal is that anyone who hoards their riches, and did not pay their due taxes had to “own up” to the government. They only have two choices- surrender or lose 100% of their wealth!
What can we learn from this event?
(1) VALUE OF MONEY is not in the paper, but in the government that produces it. Paper money have an "expiry date" and could lose 100% of its value at any time.
(2) If you want 100% FULL ASSET CONTROL, the best asset is gold because it stands on its own without the need to be “legal tendered”. It has no expiry date, and is accepted anywhere at any time. No one can seize your wealth as long as the gold is still in your possession.
That is why financial expert, Mr. Azizi Ali advise saving 10% of our nett worth in Gold (Nett Worth = Income - liabilities). Gold savings can be used as the Ultimate Wealth Protector.
kredit : Azura & Noordin
No comments:
Post a Comment