Letter Re: Don’t Stockpile, Get Global — Conversations with a Rhodesian Expat and Being Financially Global
Dear Jim, My mantra has always been “In a world of uncertainty….Diversify!” Sure, it does make sense to stockpile (only to a rational degree) at one’s primary location and at one’s primary retreat. However, this stockpiling should not be done beyond the optimal level such that it would disallow planning for other contingencies. You are correct that “other” countries may be worse off than the US in the event of, for example, a financial collapse….but that does not preclude these other countries being a better option in the event of other sorts of problems. Other more localized issues might include …