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— Ted Bauman Guru (@TedBaumanGuru) May 8, 2018
Ted Bauman, like many of his other colleagues at Banyan Hill gives his article and newsletter readers information on investing and building up their wealth, and not just through traditional investments like stocks and bonds but also through precious metals and other commodities. But one thing he doesn’t want his readers to forget about is protecting physically-owned precious metals which is why an investment in security is just as important. Bauman mentioned five security methods for storing and protecting precious metals, but a vault company either domestic was the best way he recommended doing it. Follow Ted Bauman on Twitter for more updates.
Ted Bauman Says vaults have added protections that safes and bank deposit boxes don’t have. Safes can be adequate if you live in a neighborhood where crime risk is low, but still they are never completely impenetrable. Bank deposit boxes are more secure, but you have to pay for insurance for your assets and report them on your taxes. The government also could take them if there were a financial crisis like the one in Greece. Foreign bank deposit boxes are better because you can keep them protected from your own government, but you still have to watch out for any actions by the government in the country where the bank is. Vault companies do not allow the government to seize assets unless they specifically have a court order to do so. If you go with a foreign vault, you’re exempt from the Foreign Account Tax Compliance Act even if you keep physical cash in it. The bottom line Bauman wants you to know is the importance of making sure your assets are safe for emergency situations cannot be overstated.
Ted Bauman believes investing doesn’t have to be done just one way, and he writes about a wide variety of investment vehicles in his newsletters “Alpha Stock Alert” and “The Bauman Letter.” He has traveled all around the world to 75 countries in his lifetime, but he spent much of his early professional career in South Africa. The program he managed there was Slum Dwellers International which helped poor and homeless people get housing at a very low price. Groups he collaborated with included the South African government, World Bank and the UN. Bauman was also with the housing program for Habitat for Humanity for a few years until he became solely a newsletter writer for Banyan Hill. His investments have done very well and are scattered into a wide variety of industries. Learn more: http://sovereignsociety.com/bauman-letter-reports/