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.
What’s going to happen when the government sends in jackboot thugs to take the gold?
They’ll all be dead before they take even a fraction of what’s out there. There aren’t enough of them. Besides, most will head home to protect their families and group up with other like-minded people when TSHTF. IMO
For me the key indicator is going to be in the value of the dollar. A cop's not going to stay on the job when his paycheck will no longer buy a bag of potato chips.
Here's a cool, related web site I stumbled on this past week:
BTW, there's nothing particularly magic about gold - it's just a "convenient commodity". It could be just as valid to value things in barrels of a particular type of oil.
In the fall, he'd dig a pit about 6 ft deep (they need to be below the winter frost line), put a thick layer of straw on the bottom. He put probably 100 lbs of homegrown potatoes on the straw, cover it with another thick layer of straw, and bury it for the winter.
After the thaw, he'd dig them up. By far, the best potatoes I've ever had. It must have been the sweetness of the straw, or the aging, or both, but it gave them a sweet flavor, with none of the dirt flavor you sometimes get from store-bought potatoes.
You can get anything you need
I hear that a lot of these threads.
So your plan is robbery and murder? Really?
when it all breaks down, everyone will do whatever they must to survive. To expect anything different would be naive
They're a ready made gang looking for a warlord to serve.
See post 47
I think the idea is that on the way down, you can sell gold for dollars at the current exchange rate that have the same buying power as the dollars used to buy the gold to begin with.
We are all too old to survive to a Mad Max situation.
Or, put another way, if you survive to Mad Max, that means you passively acquiesced to having your guns taken, your gold taken, your land taken, your stored food taken.
Go long on lead.
[And if the government decrees it as “illegal tender” and criminalizes it’s possession, any merchant that exchanges for real goods(food, gasoline etc.)would be foolish.\
Quite possible, most people forget what FDR did when he stole the gold. Here’s my chapter from my book “Surviving Civil War II” on the Fed. http://www.futurnamics.com/fed.php
[Better to be independent as possible, grow your own food, or make yourself useful, have a useful skill. ]
That’s why I wrote “Going Galt”
http://www.futurnamics.com/goinggalt.php
So you willingly don't stock up on needed supplies, so that you can rob and murder those that did stock up.
Gotcha.
Which is where the term "two-bits" comes from...when there was an eight-part dollar. Two bits equaled a quarter. Thus the 'two-bits' tag afforded to our current 25 cent quarter.
That is a standard sales pitch to get folks to buy numismatic coins instead of bullion. It's based on a supposed exemption for such coins the first time gold was made illegal to hold. (like any of that would matter if the powers that be decided to make holding gold illegal again)
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