Ted Bauman, is an editor and writer who talks about low risk investment strategies and asset protection. He has maintained a career working at Banyan Hill Publishing sharing with readers how to make the best decisions when it comes to protecting and further their money. Ted Bauman was born and raised in Washington DC. He received his post graduate degree in economics and history from the University of Cape Town in South Africa. He also spent a quality amount of time with Habitat for Humanity that where he traveled around Latin American and the Caribbean. Ted Bauman established Slum Dwellers International that services over 14 million people in about 35 countries.
With this experience, Bauman thought it was be good for people to know about disaster proofing their valuables. Here are some of the things he recommends.
Home Safe or Lock Box
If you are going to invest in these, make sure they are waterproof and fireproof. With larger valuables, such as precious artworks or even guns, Bauman says you should consider ordering a custom safe and bolt it down. Ted Bauman reminds us that, your home probably isn’t the best place to keep all of your valuables. He does understand that it’s natural to keep our valuables close, but its not a safe idea overall. Learn more about Ted on Forexvestor.com.
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— Ted Bauman Guru (@TedBaumanGuru) July 10, 2018
Bank Safe Deposit Box
This is certainly safer than your home when comes to securing liquid assets. Everything is nicely locked so no one can find them, but they are still available when you need them. The only downside is insuring your valuables. The Federal Deposit Insurance Corp doesn’t cover them at all. Additionally, for some more bad news, Greece was told by the government to surrender all deposit boxes in the mist of their well known financial crisis. This has never been the case in the U.S., however, Ted Bauman says it’s still something to consider and think about.
Foreign Bank Safe Deposit Boxes
Switzerland offers a great secure storage for its customers. There are very safe jurisdictions protecting clients from government confiscation and they don’t have to comply with foreign court orders. Any U.S. citizen who is hamming for your wealth has to take it up with a foreign court.
Foreign Independent Vaults
If you are capable of finding a discreet foreign vault company, this is even better. They are not subjected to IRS requirements or government regulation. The Foreign Account Tax Compliance Act says you do not have to report assets such as precious metals or even cash. Visit the website tedbaumanguru.com to learn more.