Posted on 08/25/2011 1:17:45 PM PDT by SeekAndFind
If you lock it up w your gun collection, you can ensure the price of it goes way up, before its confiscated.
(you and 5 infernal revenuers....)
Hoarder laws?
Well, that’s it. The key to survival isn’t just getting your assets offshore, it’s getting yourself offshore BEFORE the meltdown. Because nobody’s going to be flying anywhere the day after without ten levels of government approval.
Just saying... If you're planning ahead
He also implied assets should be distributed to many countries. Reading between the line, what in hell does that mean? War? Confiscation? Any guesses?
The Executive order FDR signed in 1933 was designed to prevent the hoarding of gold. Actually, it criminalized hoarding, although there were very few, if any, prosecutions. The gov’t did pay about $20 an ounce for your gold. How much are those dollars worth today versus keeping the gold???
The Executive order FDR signed in 1933 was designed to prevent the hoarding of gold. Actually, it criminalized hoarding, although there were very few, if any, prosecutions. The gov’t did pay about $20 an ounce for your gold. How much are those dollars worth today versus keeping the gold???
Your position is what? If you have gold keep it at home and shoot everyone who comes to the door? I suspect that won’t work - unless you’ve got a small army to patrol the place round the clock... all armed - none needing to sleep or go out for food ( kidnappings will take place if the SHTF)..
Even assuming that one of your family members doesn't spill the beans about your stash, sooner or later, it will become known that you have it. You'll need to exchange some of it for cash, food, supplies, etc, and when you do, there goes your secret. How do you handle this little problem?
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
True, but what’s your solution? I don’t have an answer. There is no perfect one. If you put it in domestic banks, the government could always take it. If you put it in foreign banks, they might not let you out of the country to access it. I don’t think that any of these scenarios are particularly likely, but obviously they are all flawed.
You are correct. Alcohol makes for great trading goods. People always want it and it stores easily for very long periods. There are many things that will be in demand if TSHTF. Speaking of TSHTF, toilet paper is another good trade item. How many people actually store TP? How many people will want TP when they run out and can’t buy it any longer? There are many items that will make for money if the worst happens.
As a practical matter we need only know where the gold is and it might as well be ours, or anybody else's if they can get there with sufficient force.
I'd put my bucks on tulip bulbs if we need to face world ending disruptions. You not only can eat them raw they have a very long shelf life. Their price zooms up into that of multi-carat diamonds under such conditions (1943 Zuider Zee and nearby flooded lands ~ they had a famine also).
Indeed, and welcome back to America.
Numbers 6:24-26: YAHWEH bless you and keep you. YAHWEH make His face shine upon you and be gracious to you. YAHWEHlift up His face upon you and give you SHALOM. In the name of SAR SHALOM - the Prince of Peace.
And what good would it do if it were sitting in a Swiss safe deposit box? How would one exchange it for anything?”
I think his advice is for people playing in the big leagues. If TSHTF, some people will want to go overseas to stay until things settle out.
A few hundred ounces of gold in Austria or Singapore would allow you to have enough cash to stay for a while without trying figure out how to carry twenty pounds of gold onto the plane with you.
Think of it as bugging out in a 5 star hotel.
Assuming you can afford to ferment grain as opposed to feeding it to your family to keep them from starving.
If the trucks don’t run, everybody will get very hungry, very quickly.
Can US passport holders who do not have permission to work in Canada have bank acounts/safe deposit boxes?
I don’t think so.
I believe storing gold in offshore facilities is meant for those who have lots and lots of it. I don’t think the average blue collar worker needs to worry about it. If you’ve got a handful of gold coins just hide them out in the woods. It’s good to own some gold but for barter purposes if TSHTF then silver and junk silver in particular is best.
Silver has not been confiscated the way gold was. Not to say that won’t happen but the big boys are buying large amounts of gold to preserve their wealth not silver. Saving your wealth in silver, for those with large amounts of money, would be a pain in the butt. Right now an oz of silver is worth close to $40 while an oz of gold is $1800. You get the picture.
For those with lots of money getting around the world will not be a problem. It will cost them more, to be sure, but they’ll still be able to come and go. Once overseas they would cash in some gold for a stable currency then wire funds into a bank back home. For those of us who aren’t wealthy we’ll be trading junk silver, alcohol, ammo, and toilet paper for food most likely.
No, hell no. What Faber is saying about "planting multiple foreign flags" is that you might have to go on the E&E, an expat semi-fugitive from the IRS/USA. In that case, you need "buried treasure" you can pick up at foreign safe deposit boxes. This gold etc will help you to restart in the haven country of your choice or ability to reach.
He is acknowledging that the USA might go nutso on a French or Russian Revolution or Weimar/Nazi Germany level, and you will NOT want to be trapped here, depending on frozen electronic assets the fedgov will not let you have. Or that might have been wiped out in value.
The talking heads who think he's off the wall are the same brainiacs who live in condo towers "convenient to downtown," who have never in their lives considered that their town might some day be razed and burnt by rioters, or turn into Sarajevo etc. They are totally trapped by their "normalcy bias," that they cannot even comprehend what Faber is saying.
Like Jews in Germany in 1933 who said to their uncomprehending friends and family, "Run! Get out! Now!" The uncomprehending just couldn't think three or four steps ahead, and take action on that basis.
That's the level of Faber's warnings.
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