Posted on 08/23/2011 7:38:13 PM PDT by blam
You’re Gonna Need MORE Than Gold…
By Simon Black
08/22/11 Everyday more and more people are waking up to the idea that they MUST own gold if they want to protect their assets from an out of control government. Owning gold is a great first step, but as history tells us, responsible people can and should do more before it’s too late…
History paints a bleak picture of the decline of Rome. Once warring consuls Antony, Lepidus, and Octavian were finished duking it out with each other in 31 BC, any semblance of the original Roman republic was gone forever.
Successive emperors of Rome included men like Tiberius, a paranoid deviant with a lust for executions. He spent the last decade of his reign completely detached from Rome, living in Capri.
Following Tiberius was Caligula, infamous for his moral depravity and insanity. According to Roman historians Suetonius and Cassius Dio, Tiberius would send his legions on pointless marches and turned his palace into a bordello of such repute that it inspired the 1979 porno film named for him.
Caligula was followed by Claudius, a stammering, slobbering, confused man as described by his contemporaries. Then there was Nero, who not only managed to burn down his city but was also the first emperor to debase the value of Rome’s currency.
You know the rest of the story – Romans watched their leadership and country get worse and worse.
All along the way, there were two types of people: the first group were folks that figured, “This has GOT to be the bottom, it can only get better from here.” Their patriotism was rewarded with reduced civil liberties, higher taxes, insane despots, and a polluted currency.
The other group consisted of people who looked at the warning signs and thought, “I have to get out of here.” They followed their instincts and moved on to other places where they could build their lives, survive, and prosper.
You’re reading this because you probably fall into the latter category. You’re aware of the problems. You can feel your civil liberties and economic opportunities slowly slipping away, all while the crop of national leadership grows more depraved with every election cycle.
You want to do something about it. You want to take steps to protect yourself, your family, and your livelihood. Perhaps you’ve already started by investing in precious metals. Gold is a great hedge against inflation, political turmoil, and default – things I call “sovereign risk.”
You see, some of the world’s largest governments are going broke, and these politicians will take any steps necessary in order to maintain the status quo: they will lie, they will steal, they will declare wars, they will bankrupt their people with hyperinflation… whatever it takes.
This is the greatest risk we face today. Buying gold is a great start, but there is MUCH more that you can do.
I’m an advocate of what I call planting ‘multiple flags.’ At its core, planting multiple flags means that you are diversifying your sovereign risk around the globe so that no single government has total control over your livelihood. Let me explain.
Let’s say you are from the US. If you live, work, bank, invest, register your business, own your property, store your gold, etc. within the US, and one little thing goes wrong, all of those assets and interests are at substantial risk. Any judge or bureaucrat could make them all disappear with a few mouse clicks.
It needn’t even be anything big. Maybe some three-letter agency suspects you of wrongdoing. Maybe your neighbor wants to sue you. Maybe they outlaw gold ownership (again). There are infinite possibilities, and infinite risks.
When you plant multiple flags, you diversify those assets around the globe. Store your gold in Switzerland. Open a bank account in Hong Kong. Register your company in Singapore. Establish an emergency ‘backup’ residency in Chile.
You can plant flags with just about any interest in your life – where you go to get high quality, cost effective medical care, where you set up your web servers for an online business, where you establish an international brokerage account, etc.
This approach is NOT just for the super rich. In fact, I’ve helped all kinds of people to plant their own flags, young and old, rich and poor.
Taking some simple steps to protect yourself will give you extraordinary peace of mind. You’ll know that, without doubt, you have some savings socked away that NOBODY can touch. You’ll know that you have a solid emergency backup plan. You’ll know that everything you’ve worked for won’t vanish in an instant.
Nice thing about gold is a whole lotta value fits in a very small space.
What gold?
gotcha horse s***. You have no idea what I do
Thank you for that post, my relatives all had root cellars so I was familiar with that type of storage. I had heard of people digging out an area to layer them in outside but had never seen that done. I imagine the area has to have good drainage or you would have to make good drainage for your pit to work. Very interesting.
Root cellars were places of wonder to me as a child. Shelves of home canned food, jellies, and sauces...vegetables stored under straw, beans were stored there too since they didn’t dry out so bad. Seeds for future crops were kept there too- in canning jars. A lot of food could be stored in a root cellar, other than root crops.
[The sooner we burn this Mother to the ground the sooner we can rebuild as our Founding Fathers envisioned. :)]
It’s already burning, we need to be smart firefighters and step back and save our own lives now. That’s why I wrote “Going Galt” and also “Surviving Civil War II”. The best way to be a revolutionary right now is to stay calm, stay legal and watch it burn - there isn’t a hell of a lot we can do to stop it for many years even electing Tea Partiers. It’s after the embers are cold that we have a chance to put things right.
I am starting to regularly buy bags of beans and rice from the restaurant supply.
After I dry them in the oven overnight, I vacuum seal one pound quantities in mylar bags with oxygen absorbers.
Voila! The People’s Currency!
I am also partial to .22LR which should always be acceptable for small purchases.
Well, this household will give them lead instead. It's about the same density, so they ought to be satisfied with that. Right?
Humor aside, I will not trade my food, ammo, medicine, or firearms for your gold should the collapse that is being predicted by just about everyone knowledgeable of the economy come to pass.
You betcha! :)
“It’s after the embers are cold that we have a chance to put things right.”
Point taken. Locked & loaded, ‘til then. :)
Order 6102 specifically exempted "customary use in industry, profession or art"—a provision that covered artists, jewelers, dentists, and sign makers among others. The order further permitted any person to own up to $100 in gold coins ($1,677 if adjusted for inflation as of 2010; a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011).
The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins." This protected gold coin collections from legal seizure and likely melting.
Even if your gold is not confiscated, the obamacare legislation requires the reporting to the IRS of sales of precious metals, beginning 2012. Law is not absolutely clear that it is not already required today, but most assume it is not.
Getting hard to sell any gold for less than $600 (at market value), which would require the filing of a report to the IRS. Good luck finding a grocer or service station willing to accept an ounce of gold in exchange for a few sacks of groceries or a tank of gas (and make change).
As of right now, my only anticipated gold purchases ARE for numismatic purposes. My latest purchases were of silver (Morgan dollars), and I am going to try to swap a 100 oz. bar for dollars before the end of the year. I have an idea that 90% silver coins may develop a common use in trade.
No problem, I have an adequate supply and source of frn's to buy groceries and gas with for the rest of my life. If, at some time, it is not possible to purchase gas or groceries with frn's, the irs will be a non-issue. My concern is not let anything I have be stolen in the meantime.
RT @weathermatrix: NOAA on Hurricane Irene "COULD BE EXTREMELY DESTRUCTIVE W/ MASSIVE DISRUPTIONS TO SOCIETY & COMMERCE"
http://ow.ly/6cyV0
There seem to be conflicting reports on the web, but all I can say is it works for me.
I grow potatoes in my garden and put some down in the bottom part of my fridge. without apples, they will soon show signs of sprouting.
With an apple in there, no signs of sprouts.
So who knows, I guess??
“That’s why I wrote “Going Galt”
Who’s John Galt
\sarc
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