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Serious question for all......
Let us say gold fullfills its destiny and gets up to 1500-2000+. In what instrament will you cash out? Let us suggest you have LOTS of gold......Cash out in dollars? At that point you are probably getting terminally ill fiat. In some other foreign currency? Same probable likelyhood?
Is there any countries currency going to be worth a flip? Will the gubberment allow you to convert currencies? Talk about a huge papertrail........you best be gone....... Will you have to wheelbarrow it across the Canadian border and peddle it? Get the Fiat and quickly buy a grass hut in Tahiti? Get the fiat and buy a vegas condo and screen test party girls? Buy an island? Wait, the $200.00 silver guys will have done that.... Has anybody formulated a serious exit plan that makes sense?? Sorry Ponce, your compound does not excite me.... GLTA |
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Lol Bull, like I wrote elsewhere......"When silver reaches $100.00 I will sell it and take my check overseas where I will change it to another currency and then buy my Silver Island and get the hell out of here".....
I mean, to sell PM and get fiat with no plan is kind of stupid. |
Re: Serious question for all......
Well, I think $2000.00 is probably a bit conservative on Golds Topside...
But things to do with that funnymoney called FIAT 1. Pay off all debt 2. If Real estate is back to reasonable levels consider that. 3. When interest rates peak, or near peak, and trust is being gained in paper assets again, look at Bonds.... 4. businesses 5. stocks if valuations are more normal. (say 6-8 P/e, instead of 22-25 like today) Those are a few, a lot of this depends on the individuals personal set of circumstances.... Age? Debt level? Married? etc |
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Hoping I can collect enough before it goes through the roof...
I would imagine you could tade precious metals for land. That being said, I will sell (or trade) , get a huge pc. of land, build a castle and be king of my woooooooooorrrrrrld !! |
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If the dollar is inflating, but still the normally accepted currency, then it would probably be easiest to just trade for dollars as needed. This is assuming that the dollar does not inflate appreciably in the course of a few weeks or months. On the other hand, if the dollar is in free-fall, then we can probably expect people to be thinking more about barter, perhaps starting with an occasional item of real value as a "kicker" and eventually progressing to where paper notes become the lesser value "kicker" in the trade. Somewhere in between, it may become common for any large transaction to require some barter item of real value along with the paper money. This would be even more likely if the government imposed rationing or other controls. It may even be necessary to the point where a seller will not even consider a deal until the buyer brings some non-FRN consideration to the deal, whether it be above the table or not. (This implies that those with the goods of real worth will be in a good position for competing with those who do not). I don't know if I really expect the worst case scenario, so I will probably just plan on using my modest collection of coins to help out here and there :-) |
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Buy land in the US and also in a foreign country is probably on everyones mind. My strategy would be first, to convert silver into gold, which [shall we say] reduces weight. By then, if there are no travel restrictions, take off, with a roll of AU, with which you can buy some land. Perhaps an account in Switzerland would be a good idea so as not to have to travel, with AU on you. I also think, that by then something like the DOW may be at a low of [say] 3000 and buying cheap stocks, could also be considered. I know, I know, stocks are on the s*it list. But the index, at that point will serve as a hedge against inflation and will be a good buy-in point. Consider buying some, for your children or grandchildren. Also, giving a "goldpiece" to your loved ones at that point will be the same, as giving away a fortune.
What else is there? |
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Plastic smart cards inbedded, inbedded security chips, inbedded debit-credit cards, or something like that. Some positive ID chip or eye scan. There is always an item to buy that will be undervalued because the people hate it. Like, think gold in 2001 at $255.00! |
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Plastic smart cards inbedded, inbedded security chips, inbedded debit-credit cards, or something like that. Some positive ID chip or eye scan. There is always an item to buy that will be undervalued because the people hate it. Like, think gold in 2001 at $255.00! |
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Re 13:16,17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. BTW: That verse is ONLY found as you see it here, in what I believe to be the ONLY real True, PURE word of God for the ENGLISH people (AV) |
Re: Serious question for all......
Don't cash out until you are ready to spend it. Be it on a big screen tv or a new house. That'd be my advice.
If you need to cash out (because you think the PMs are going to tumble) and don't want any fiat sitting around, buy other tangibles, like investment properties, guns, ammo, whatever. I have a feeling that once PM's do the moon orbit, fiat is going to be very unstable. |
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For gold to get that high will probably mean that property will be comparatively cheap. So that will be one good place to invest the returns from selling. Not just north america either.
Other than that, the same conditions which caused gold to explode will mean that the stock market will have had the crap beaten out of it. When things look like the ecomony is stable enough, it will be a good time to be investing in the DOW. That can be ridden back up as you have done with gold. Contrarianism 101 |
Re: Serious question for all......
So, does anybody think that Canada would be a good place for a US resident like myself to get another property?
If not, what other "foreign" country should one look to get a place at, ideally? Thanks... |
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I'm not too thrilled with Can myself.
Costa Rica is already too "discovered". ie already getting high Nicaraugua has about an $.18 on the dollar COL I'm told. Dominican Republic? Still a little dangerous? some good Expat stuff here: http://www.escapeartist.com/ Lot of folks I know are discussing this very thing right now. Ship is sinking I'm afraid |
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Yeah, I'm not really thrilled with Canada's gun control laws, which is why I wanted to ask about other places...
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Re: Serious question for all......
My goal is to be a semi-retired expatriot by 2013. I was looking at Belize or Argentina. As someone else mentioned Costa Rica is looking passe. However, things in the south are looking increasingly unstable. Not only politically but also with what may be an emerging trend in hurricanes.
I have always liked New Mexico. Affordable but it might really be Nuevo Mexico by then. I recently began looking at Iceland, believe it or not. It looks very attractive for many reasons. Small, educated population and the weather actually looks quite mild. Beautiful women, mostly of Irish and Scottish decent. I have plenty of time to plan but that is what I am looking into right now. Prag :tongue: |
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I don't plan to convert any in the future expect to buy things I need.
Have no debts to pay off.....don't need any more land.....etc.....so I don't look at my PMs as an "investment" to be converted in the hopes of chasing paper profits.......I hold them as a savings hedge that doesn't look to likely to decrease in value as the FRN does....you know, one of the functions of money....."a storage of wealth". If my property taxes remain somewhat stable for example,( it can't go TOO nuts or the county would simply end up owning all the property) and the PM/FRN ratio goes wild, I would, for example, convert enough PM to pay them once a year. Be nice to pay my taxes with 5 silver rounds I bought for 25 FRNs......ahahahaaaaaaaa A few ounces of silver a month to buy groceries, etc....maybe a few dimes a month to hire part time farm help......and so on....... I have no grandiose plans to run of to TimBuckToo or buy a zillion shares of Microshit. |
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Gold/silver for me is just in case TSHTF. Break glass when needed type of insurance. The fact that it is a great investment is secondary.
Hoped to be out of the country before Hillary gets elected. Cuz that's when I believe the new Patriot Act becomes a nightmare. I would like to live somewhere where a world depression won't matter much cuz the people are used to living on little/nothing. Oh well, time will tell. |
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I finally applied for a passport mid january and I'm going to half-time at my job in April. I will start looking for new home, Canada and Chile are the top on my list. Pretty sad cause I'm the 13th generation in USA in my family, human melting pot with brown hair and eyes. Have had family members in all the wars back to an ancestor Festus in 1776. I don't think the USA is the USA any more. I am afraid we are descending into fascism. I think that it is possible that the cabal will attack the US again or trigger the financial meltdown to further extend their powers. Since they don't count our votes anymore I am voting with my feet before they close the borders. I'm also moving my assets out while I still can.
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I wodn't dismiss Canada, just like that, after all, that's where I live right now.
Gun laws?, I think the new government will kick that idea out the window..Doesn't matter anyways, a lot of people "forget" to register. There are very few countries on this planet, that are as good a destination for US citizens, as Canada is. For many, many years it has become home, for people of your country, that didn't like or had run inns with the US government or laws, including time of wars [like now]. If you stay out of Quebec, you can use the English language, in all the other provences, you can become a refuge, you can become a citizen, in the right circumstances. Living here, you will be close to the "old country", US currency can still be used, Most goods are still quite cheap, compaired to other countries. Just the other day, I was reading about Canadian islands beeing scooped up by Americans, taking advantage of laws in your favour [such as title to the land, in your name, which is quite rare, for non-citizens]. No confiscation treaths here, but given, where we are heading in economic terms, that might change. For now, there is not even a hint, of such an event. Safest country in the world, unless invaded by the US. |
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rad, it was thinking that retiring, or at least traveling abroad might be a better life till things settle down here that led me to really look at the economy and get into PMs. Canada, Costa Rica, and New Zealand are high on our lists. The good part is all are beautiful, and we intended to travel anyway, so it kind of works out to be lemonade from a sour old lemon.
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Re: Serious question for all......
A number of Americans LIVE in MEXICO - and always have.
There are books on living in Spanish speaking countries. I'd like a dual citizenship dealie. |
Re: Serious question for all......
So about Mexico...what do you guys think of it as a place to possibly escape to?
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Re: Serious question for all......
Going to Mexico would be like going from the frying pan to the fire.
TPTB are not the least bit hindered by borders. They may focus their efforts on the US for strategic reasons, but in Mexico it's much easier for them to screw any dissenters because of the corrupt power structure and the even more apathetic population. |
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Why trade the ultimate currency for some paper stuff? Only cash out to get something really cheap like gold was in 1999-2001. Then you really move fast. |
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The first problem is the perception of who you are. It will be assumed that you are in a better way then most of the residents, so you will be a mark. Unless you have friends, locals of means and influence, you will have to pay for your safety and protection of your assets. No matter what you do, even if you marry into a local family, you will always be a gringo. And I'd rather be a gringo in Canada or New Zealand than Mexico. Secondly, is the culture of corruption of oppression. Too many 'La Raza' will be looking for opportunities to better themselves on your behalf if TSHTF. Just my $.02. |
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Rabbi? why don't you just go to the state of Israel? I mean you will be with your own people and help them fight the incoming world war against "terrorists".
WARNING PEOPLE.....THIS JOKER KNEW MY FIRST NAME AND I DON'T KNOW HOW, BE VERY CAREFUL WITH HIM. |
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"I'll bless those that bless thee, and curse those that curse thee!"
The Lord GOD in the Bible talking about Israel to Abraham, Issac, and Jacob. Not smart to get cursed. I think. GOD said it, I believe it, that settles it. For me and my family we will follow the LORD. |
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The more I think about it the more "damned if do and damned if dont" I feel.
If gold goes to 2000 or more what do you think bread, milk, gas and taxes are going to do? go up. alot. we'll be millioniares just like those new multi-millionaires in zimbabwe http://www.newzimbabwe.com/pages/inflation51.13704.html Cant eat gold or silver, cant keep the cold out or the predators away and cant take it for the flu. It has value because of what we give it. If the SHTF and it was bad Would I trade you one of my excess hunting rifles for your useless shiny metal or would I trade with the man next to you who has 3 goats, a bag of sweet potatoes and a box of vitamins? potential value vs real value at that point. |
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More money is a secret way to extra tax the lemmings (taxpayers). |
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