Posted on 08/25/2011 1:17:45 PM PDT by SeekAndFind
I can’t remember exactly, but there was a new law that went into effect in July prohibiting the sale of precious metals that were not delivered within a few weeks, so I am not so sure that such IRA’s are available anymore.
Ok. I just read a 2 sentence reminder about the law, and wondered if it pertained to IRA’s. Didn’t research it because I had no interest in those IRA’s.
I suppose wheat and beans would have also commanded very high prices.
You have to plan ahead on these things.
BTW, I've met and talked to people about their experience in the 1943 winter and the bombing of the dykes.
Do you know what refugee relief is like in an occupied country with the Nazis in charge? It wasn't pretty.
Those big nickels are going for over $31 each at the moment. :-)
Mom said they had been stockpiling them in case the money ever became worthless again.
As David Morgan says, "Silver is the money of last resort."
Neither did the citizens of Weimar Germany, Hungary, Argentina, Zimbabwe........ :-(
The reason for Faber specifically talking about gold and putting it overseas is because no American’s bank account is safe from the IRS today any place in the world. The IRS has bullied the world’s banks into sending them complete information on all deposits by Americans abroad. Only gold (or other PMs, diamonds etc) put into a box is safe from this intrusion.
I hope that GPS is working forever, and is not encoded by the govt. I think it’s a little early to treat GPS as a permanent utility.
When food is worth more than gold is when starving refugees are sorted out in camps.
But the guards who take the gold in exchange for rice (or those who take the gold from the guards) will buy land and houses with the gold.
So it wasn’t that the “food was worth more than gold,” but rather, a case of extortion: give us your gold or face death by starvation.
“Which is great until a home invader has a gun against a loved-one’s head”
You know what we call a home invader? Target practice. If you are not capable of protecting your gold then you probably should just bury it in a PVC tube in the backyard and plant a rose bush over it.
Never been to Timor. How do they do it there?
Don’t make the mistake of hubris. Unless you live on a private island and are guarded by Blackwater, you’re at risk of home invasion or a sniper ambush or the like. Ponder life in Mexico, where gangs kill mayors and police chiefs (who are guarded better than you or I) every day. Kidnapping a relative (how many nieces and nephews do you have? How much do you love them, if they’re sceaming on the cell phone?)
Please, no hubris. I’m an ex-SEAL and the scenarios scare me a LOT. I don’t live behind a swept-zone surrounded by triple concertina wire and a platoon of troops. Everybody has to go shopping-—and risk a parking lot takedown by “commando criminals” (cite Argentina, Mexico) who are dressed in police or SWAT type uiniforms. Just to kidnap a relative, to torture, because an extensive google search revealed one’s foolish propensity to talk about PMs on the internet.
Old tech or new tech, torturing beloved relatives is the proven method to find buried or hidden treasure. Please don’t be so glib in dismissing the possibility of a home invasion or similar hyper crime against your family.
It sounds like somebody in Ocean City (NJ or MD) bragging at this moment about throwing a hurricane party and riding it out.
You know what we call a home invader? Target practice.
(Hey, my first Travis McGee post! Love the books!) Excellent point, Matt. We have so much access to technology these days that we can easily forget that there are other ways of doing things. I believe that the military is currently able to instantly shut off certain regions and even encrypt the entire GPS system so the concern is certainly valid. If for some reason the GPS navigation isn't working in the future, a "stash" could still be recovered old-school using compass and tape. Assuming that laser range finders, internet satellite maps, and digital compasses are still functional, recovery would still be a snap.
Here’s the thing. Speaking for ourselves personally the cartel, para military and the US military are not coming after us. Even if we had a bunch of gold nobody would know it. Nobody is going to kidnap our family. Thats just not the kind of folks that will seek to do us harm. It will be random crime. Gang bangers and druggies in our area. I have yet to see a gang banger at the Bulls Eye range.
As for our current reality we are living the nightmare right now. The crime here in the suburbs of Atlanta is really bad right now. The cops told us its pretty much everywhere. We have had people on our property more than once and up on our deck as recently as last week. We are way past speculation. We have been at the back door with weapons in the middle of the night. We walk our property in the dark with weapons. After awhile you do get a certain feel for it. Most people are not prepared for a real confrontation. So maybe the target practice crack was a little over the top but we are not terrified of intruders. Chances are they will not be prepared for us. Criminals like easy targets. They will usually shy away from a real fight. If the SHTF then there will just be too many of them to hold onto a house in a neighborhood.
Thats why we are settling on a place up in the mountains with no cultural diversity, lightly populated and we are already fairly ensconced in the community and we have friends who have already moved up there and are LAL.
If I had a lot of gold, first I wouldn’t tell anybody about it and second I would not hold it out of the country as when the SHTF you will never be able to take possession of it. If its in the bank they will probably steal or confiscate it. ETF’s are even a worse idea. A good safe secreted and cemented to the floor is a good idea and/or bury it or some of it in a PVC pipe in the backyard. But thats our plan maybe not for everyone. You cannot plan for every scenario that could happen. Just do what makes sense.
“Thats why we are settling on a place up in the mountains with no cultural diversity, lightly populated”
It’s amazing how many people I know, who live in big cities, are doing this. However, they all have beaucoup inherited bucks to do this.
What do poor conservatives do?
“It’s amazing how many people I know, who live in big cities, are doing this. However, they all have beaucoup inherited bucks to do this.”
“What do poor conservatives do?”
Thats a really good question. We are lucky because we are selling an intellectual property and buying something. Otherwise we would be hard pressed. I have done some research for a friend of mine who just wants a place to run to in case everything goes South. In rural GA there are some really cheap properties. You would not want them as your dream home but just for a run to they are fine. I have found several really nice doublewides on 1-2 acres up in the mountains for $15,000 to $20,000. They are FHA repos and in good areas so if you offered $10,000 you could probably get one. They have wells and septic tanks. You should go online to the MLS in your area and check stuff within 100 miles or so of where you live. You might be suprised. There are so many foreclosurs in the rural areas. Good luck.
BTTT
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