Posted on 02/10/2013 11:06:39 AM PST by blam
Believe it or not Hal, every time you hit that post button it hits. Just keep reloading the page. :^)
As far as all you other nuts, tell me why Mr. Putin just ordered XX metric tons of Gold for the Soviet Union?
The issue is way over my head.
You don't have to be....
A 'lumberjack' will trade you something for your saw. I've collected ten so far at yard sales, lol. (I haven't paid more then ten bucks and most about 5 bucks....good barter items, I bet)
Apparently a lot of people disagree with you:
So you load up the trunk with rice and drive over to that nice 'retired' sawbones in the next town. He does the exam and agrees with you that surgery is in order. He requires a half ounce of gold or ten ounces of silver. You tell him about the rice and he laughs as he shows you his storeroom packed to the ceiling with rice, flour, booze, bullets, and oh yes, boots.
He explains that his suppliers for drugs, tools, sutures and the like only take gold or silver. "But, but, but on FreeRepublic I saw many times that that stuff was worthless," you moan. "Sorry guy, but times are tough all over," the surgeon intones.
Now I pray that this never happens to you, but if it does happen to me, I would rather have it and not need it, rather than need it and not have it.
YMMV
I wish I could bring myself to post the #1 reason NOT to invest in gold. But can’t do it. Too many delusional people who deserve the most probable outcome. Totally oblivious to the ‘careful what you wish for’ thingie.
Who is likely to have the shorter lifespan when 95% of the terminally desperate mob comes pouring over the hill.
Hint... depends on how long after TSHTF the mob appears.
Go by the soviet, or the south african example. Arable land will be confiscated and put under control of the government, with the current owners either being driven off their land, or summarily executed for resisting. Oh, and don’t forget GM seed crops, designed to produce sterile seed. You would want to invest in heirloom seeds, and protect against cross-pollination. You’ll end up growing crops much like the current pot farmers do now, becoming a criminal for the act of being independent. Control the food, control the people.
Shoes, boots, and socks would definitely be good barter items. Buy up a bunch of disposable cigarette lighters too. They’re cheap and useful.
If things here were really to go to hell in a handbasket, college courses would be the least of anyone’s worries. If some version of a shooting war broke out in the US, life as you know it would pretty much grind to a screeching halt. Fuel? Power? Electricity and utilites? Communications? Transportation? Those would be the first targets of a destroy the command, control, and infrastructure campaign by an oppresive army.
but if shtf, I figure I can bury or pack the value of an entire dry good cache and a small farm in West Virginia in a coffee can or backpack and dole out the junk silver along the way there
good luck hiding your survival cache of dry goods and barter items like boots and whiskey from an oppressive army, rambo, since you won't be hauling them much of anywhere. They're already using drones, ya know
Gold confiscation or huge huge taxes on buying and selling it. Plus thieves homing in on your house for an invasion to take your gold. In a chaos situation if you buy or sell gold thieves will trail you from the gold exchange and invade your house
I don’t hold much hope for a positive response on this, but...
has anyone moved their IRA holdings to a “self-directed” IRA and chosen to invest in physical silver?
(The idea is that you can create your own metals investing LLC, which you manage, and direct your investments to that LLC)
Don’t tell me how it won’t work. I want to hear from someone who’s done it.
It will work for some, but not for any government empolyee plan, or union plan.
There is anothe thorn in that idea too: A substantial percentage of the plan operators that hold physical gold and silver for IRAs only have a fractional reserve, IOW, they are fraudulent.
How do you tell who is honest?
Aye, there’s the fancy part of the idea.
One, you CAN’T do it for any employee plan, it has to be “outside” in a “traditional IRA”. Only these can be converted to a self-directed IRA.
Now, YOU establish “editor-surveyor PM investments, LLC”, of which you are the manager, and your SD IRA is the sole “member” or stock holder.
Now, you direct your IRA custodian to invest 100% in “Editor-Surveyor PM Investments, LLC” and you buy silver/gold and keep it in a safe somewhere where you can touch it.
How do you tell who is honest? :)
Here’s where I heard about it, but I wanted to know if anyone here has actually DONE it:
http://www.thesurvivalpodcast.com/gray-on-holding-silver-in-self-directed-iras
You can more easily do a “direct barter” with silver, essentially creating your own currency system.
However, you’ll still need FRN cash when paying off government and utility bills.
Some prefer that there be no trail of documents for the PM confiscators to follow.
Silver is good for every day transactions, but is difficult for the larger transfers. For that reason you need some of both.
“Junk” silver, in particular, is recognizable the world over, and quite durable compared with .999 bars and coins.
“lost it in a boating accident”...
The manager was fiduciarily negligent.. :)
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