When it comes to protecting your assets and wealth against devaluation, we’ve been saying for a long time that no major fiat currency is safe. The only long term solution is gold bullion.

Just about ten days ago I wrote in What They Don’t Want You to Know About the Euro Crisis that the real crisis is with the US dollar. Things, I wrote, don’t get hyped this much by accident. The powers that be are keen for the dollar, the euro, and the yen to go down in unison. I suggest you read that article first if you haven’t already.

As I expected, the Euro bounced back slightly once the furor over ‘PIGS’ had passed, rather than collapsing further as some expected. In purchasing power parity the dollar and the euro are about one to one: my general rule is that something that costs a dollar in the Americas costs a Euro in Europe. So there is no doubt the Euro is overvalued in that sense. But the dollar is equally overvalued.

What’s interesting now, is that – exactly on cue – the media are hyping down the Yen. Now, according to the BBC, Japan’s new Prime Minister has announced that the country is at risk of collapse.

What can we learn from all this from an asset protection standpoint?

We’ve never recommended forex speculation. Most people I know who try their hand at forex trading lose money. By forex trading I mean highly geared speculation on ‘pips’ that move by the second.

On the other hand, having easy access to foreign currency exposure is not only less risky, but is completely prudent. A multi-currency bank account allows you to do this.

For those not familiar with multi currency accounts, this is basically one bank account, with one bank account number, in which you can hold many currencies. When you log in via your internet banking to check your balance, you will see not just one balance, but several: you might have for example a US dollar balance, a euro balance, a yen balance and a Singapore dollar balance.

By default, incoming wires or cheques you deposit are retained in their original currency. If you want to change currencies, a few click of the mouse are all that is needed.

Where can you open a multi currency bank account? This is not so easy. In some countries, notably the USA, it’s hard to open a foreign currency account in the first place. They are simply not set up for customers who don’t want to be in dollars.

One notable exception in the US is EverBank. I have previously written a review of EverBank – basically these guys are good at what they do, but our focus here at Q Wealth is specifically offshore investing. As EverBank tend not to accept as account holders international clients who do not have US social security numbers, nor foreign corporations, they are not really on our radar. We also think to achieve international diversification, an account at a foreign bank is better. I just mention them here because some US readers may be interested, especially if the amounts are smaller and they don’t want the hassles involved with Foreign Bank Account Reporting.

In other countries, like UK and Australia, it’s quite easy to open a foreign currency account, but each currency requires a separate account. Sure you can place buy and sell orders but there are fees, minimum balances to consider etc. In other words, you don’t have the simplicity and freedom of one account that can hold numerous currencies.

The same problem exists in offshore and private banking centers like Panama. In Panamanian banks, if you want to switch from say Euros to Yen, you have to give 72 hours notice! And the range of currencies is typically limited to 4 or 5.

That said, we deal with offshore banks in the best offshore banking jurisdictions in Europe, as well as Singapore, that offer much more attractive multi-currency account facilities. Switching currencies is instant, there are no requirements for minimum balance, and best of all you can access a range of more than thirty (30) currencies within one account, from the dollar and euro through to the yuan and the real.

If you are interested in opening such an account, remember that Q Wealth readers are entitled to a free referral to one of our recommended best private banks. Full details, including the application form for this service, are included in our Best Offshore Banking Guide.

Here at Q Wealth we strive to bring you the best offshore banking and asset protection options – and tell you important facts about them that you may not read elsewhere. Our advice is impartial as our business is selling subscriptions, not asset protection or offshore banking setups.

We have a small but highly select and dedicated team of experts beavering away behind the scenes seeking out important informatiomn on behalf of our freedom-loving members. And one of the benefits of being a full member is getting access to this exclusive material at no extra charge.

Today we would like to introduce you to a new Q Wealth expert, New Zealand trust consultant John Allcard. He has just finished, co-authored with Peter Macfarlane, a brand new report on another recommended offshore asset protection strategy: “Trusting in Trusts.”

Some offshore asset protection options stand head and shoulders above others. Peter Macfarlane’s exclusive report demystifying Panama Private Interest Foundations (sometimes incorrectly known as Panama Asset Protection trusts) was appreciated by many readers, and is available free to members for immediate download.

But many people have asked us about trusts – specifically things like asset protection trusts, living trusts, medicaid asset protection structures, investment protection trusts, etc.

Why would you want to use such a trust?

Below is a checklist John and Peter developed regarding what you can do with offshore wealth and asset preservation trusts. See if any of the following requirements apply to you…

• You want to protect your assets offshore, keeping them private and confidential
• You want to invest offshore for growth and wealth accumulation
• You want to achieve financial freedom and not be bound to the economic woes of any one government, country or currency
• You want to safeguard your business, assets and family against malicious or unwarranted lawsuits, seizures or criminal charges
• You want to legally pay as little tax as possible
• You want to place a legal defense barrier between you and the government – in other words, to gain the offshore advantage
• You want to protect your assets against the risk of divorce
• You want to leave a tax-free inheritance to your children’s children and beyond
• You want to support good causes – to choose where your money is put to good use, rather than letting the government make that choice for you.

Trusts are one of the most important asset protection tools used by elite or Super Rich families all over the world. Trillions of dollars’ worth of assets are likely held via trusts – but there are no statistics on them. Can you guess why?

Anyhow, if you are serious about protecting your hard earned wealth, you should read this exclusive free report on how to use offshore trusts, “Trusting Trusts” is our first new research report for 2010. But as a Q Wealth member, you can get an advance copy right now, within the next few minutes. You can download it in our Members’ Area.

The first part of this report explains in general terms what is an offshore trust, and most importantly how you can use a Trust to achieve the offshore asset protection and wealth protection benefits listed above, besides many others.

The second part of this report focuses specifically on New Zealand as a jurisdiction for offshore asset protection trusts. As you will discover, New Zealand is one of the premier jurisdictions today for setting up wealth preservation structures.

If you are thinking of setting up an offshore asset protection trust or any similar offshore asset preservation structure, whether in New Zealand, the Cook Islands or elsewhere… but are not yet sure if it’s right for you… then this report is essential reading. Your investment in time will be well worthwhile.

You will learn to get the most out of your trust, and at the same time it could save you from making potentially disastrous and costly mistakes.

For further information, simply sign up now or visit our new Offshore Asset Protection Trusts information page.