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Old 09-18-2016, 09:05 AM
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Originally Posted by maintenanceguy View Post
If money is made buying low and selling high, this is not the time to buy gold.

In inflation-adjusted dollars, gold is fairly volitile and is at a peek right now. It may go up but history tells us that it will someday take a tumble. Buy after the tumble.
And if SHTF before the tumble?
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Old 09-18-2016, 09:49 AM
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Originally Posted by DayAfterTomorrow View Post
Twas my favorite subject in school, conquests for gold was covered extensively. I never understood the fascination with shinny metal.

I've found a better investment investment than gold to protect wealth, it's land. I personally know 2 people who've invested in gold, both are stuck for who knows how long, or take a loss.

Back to the topic at hand, I've heard several interview with Andreas M. Antonopoulos, most recently on the Joe Rogan podcast. He's worth listening to if your interested in Bitcoin
Ah yes, Land. Definitely a solid investment,,,,,, until the SHTF and tax time comes along. You can't pay the tax with food (or it might be real tough),,,,, I wonder just what might be valuable for covering the taxes when the fiat currency is either worthless or unavailable because of a bank holiday.

I'll say it again, diversity is your friend and putting all of your 'eggs' (food) on one 'parcel' (land) without the ability to pay taxes (gold) you might need to try and 'defend' (firearms and ammo) against a larger force.

Having some of all of the above just might be the better of balance. It doesn't HAVE TO BE EITHER/OR, but diversity with some of each. Trying to get someone to understand this concept is often like.

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Old 09-18-2016, 09:53 AM
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Originally Posted by DayAfterTomorrow View Post
Twas my favorite subject in school, conquests for gold was covered extensively. I never understood the fascination with shinny metal.

I've found a better investment investment than gold to protect wealth, it's land. I personally know 2 people who've invested in gold, both are stuck for who knows how long, or take a loss.

Back to the topic at hand, I've heard several interview with Andreas M. Antonopoulos, most recently on the Joe Rogan podcast. He's worth listening to if your interested in Bitcoin
Just because you don't understand it doesn't negate the fact that it has been proven to be useful in multiple shtf situations historically.

You talk of value post shtf, preservation of wealth and value as an 'investment' in the same breath. They are totally separate. No offense intended, but this shows that you aren't currently understanding the difference.



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Old 09-18-2016, 10:04 AM
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Just because you don't understand it doesn't negate the fact that it has been proven to be useful in multiple shtf situations historically.

You talk of value post shtf, preservation of wealth and value as an 'investment' in the same breath. They are totally separate. No offense intended, but this shows that you aren't currently understanding the difference.

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I think most of the disagreement on PMs for prepping is based on that misunderstanding. Are you buying PMs for prepping against a SHTF event (this would be like buying "whole-life" insurance) or are you buying it as an investment? Like you mentioned, they are totally different goals.
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Old 09-18-2016, 10:26 AM
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Did I just awaken from a time capsule? WTF is a Bitcoin?
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Old 09-18-2016, 11:00 AM
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Having some coin of the realm(whatever type) is a great idea for prepping, but it is the tangable items that will get you through. Land, that has water, that you can build on, should be number 1 priority. A good larder and medicine cabinet and or course protection firearms. Knowledge of survival will be much better than usless bits of paper, money that can be acessed by computer when they are all down, won't help much.
Spread out your preps and don't keep them all in one basket.
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Old 09-18-2016, 12:09 PM
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Originally Posted by lexicon5 View Post
Executive Order 6102.

History.
Do you understand why that order was issued at that moment in history?
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Old 09-18-2016, 12:13 PM
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Quote:
Originally Posted by sierra skier View Post
Ah yes, Land. Definitely a solid investment,,,,,, until the SHTF and tax time comes along. You can't pay the tax with food (or it might be real tough),,,,, I wonder just what might be valuable for covering the taxes when the fiat currency is either worthless or unavailable because of a bank holiday.

I'll say it again, diversity is your friend and putting all of your 'eggs' (food) on one 'parcel' (land) without the ability to pay taxes (gold) you might need to try and 'defend' (firearms and ammo) against a larger force.

Having some of all of the above just might be the better of balance. It doesn't HAVE TO BE EITHER/OR, but diversity with some of each. Trying to get someone to understand this concept is often like.

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Who are you going to pay taxes to if SHTF? That makes no sense.
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Old 09-18-2016, 12:15 PM
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Originally Posted by DayAfterTomorrow View Post
Who are you going to pay taxes to if SHTF? That makes no sense.
If you think that the government will just go away in some disaster, think again. You won't be that lucky. It may look different and even sound different, but it will still be there, and they will still want their pound of flesh.

It's similar to those who think that their debts will be wiped clean in some disasters. It just won't happen.
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Old 09-18-2016, 12:54 PM
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Who are you going to pay taxes to if SHTF? That makes no sense.
Your definition of SHTF must be quite different than most.
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Old 09-18-2016, 01:06 PM
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Will PMs be useful after a shtf; not widely until we head into a rebuilding stage. Will Bitcoin? Most likely not, it's not for after shtf. It's for privacy of transactions and for some it's another investment vehicle.

As far as taxes after shtf, that depends on the nature and extent of an event. If it's simply a major recession or another Great Depression, taxes will still be there - PMs can be used to hedge the risk of of fiat valuation.

Take care of immediate needs first, PMs would at best fall under alternative planning; when people make the bean barter argument, I know that they are only in the immediate planning stage. History shows that from barter comes currency and that human society tends to use PMs as currency or to back currency in it's early stages. Short of a pressing immediate need (ammo, food, etc), I will be accepting PMs as payment (at whatever markup I see fit) so that my family will have that as a future asset. Could it be worthless and some completely non-PM related currency sprout up? Sure, many things are possible, but I'll prepare for the probable first.




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Old 09-18-2016, 01:11 PM
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Originally Posted by DayAfterTomorrow View Post
If were both on the brink of starving to death and I have a some food and you have some gold, who's richer?

Gold only has value because people keep insisting its valuable. Just like anything else. I understand trading gold and silver as an investment, physically owning gold seems silly.
I have both , some gold and lots a food. Brigham Young prophsied ( Mormon church ) in the eighteen hundreds that you will se the day you will be able to trade a bushel of wheat for a bushel of gold.
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Old 09-18-2016, 03:06 PM
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I have both , some gold and lots a food. Brigham Young prophsied ( Mormon church ) in the eighteen hundreds that you will se the day you will be able to trade a bushel of wheat for a bushel of gold.
If that ever came about, then everyone would starve. There aren't enough PMs in the world to allow equal weight transfers with food.
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Old 09-18-2016, 04:29 PM
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Your definition of SHTF must be quite different than most.
World wide.economic collapse. Seems to be the most likely scenario.

If that happens I don't see what's left of the federal government spending much time in the middle of nowhere looking for money that has no value.
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Old 09-18-2016, 05:18 PM
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Originally Posted by margaritaman View Post
What's a Federal Reserve Note worth?
NON-Federal NON-Reserve
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Old 09-18-2016, 07:20 PM
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Originally Posted by DayAfterTomorrow View Post
World wide.economic collapse. Seems to be the most likely scenario.

If that happens I don't see what's left of the federal government spending much time in the middle of nowhere looking for money that has no value.
You seriously think that all economic activity will grind to a halt across the entire globe? And that's your "most likely" scenario?

Sounds like the beginning of a good survival fiction book.
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Old 09-18-2016, 08:10 PM
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"1 bar of gold, 1 drink of water..."

I remember that old Twilight Zone episode.
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Old 09-18-2016, 08:16 PM
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Bitcoins are total speculation.

I personally prefer hard assets that are useful. I don't understand why gold and silver and other PMs are so valuable, but they just are and have always been sought after because they are rare, malleable, useful for art/jewelry, and now electronics. Anyway, you can't fight centuries of human history.

I'm suspicious of fiat currencies but at least they are backed by something and ideally governments are responsible and able to pay debts.

But some electronic wealth which is totally speculative. I would not get caught holding that bag...
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Old 09-18-2016, 09:34 PM
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Bitcoins are total speculation.
And yet, somehow, Federal Reserve Notes are not?

What is backing FRNs? The U.S. government? What does that mean? It means they want tax money in FRNs, but apart from that, nothing.

.GOV can't control Bitcoin, and they can't track it, so they hate it.

But the big banks see its potential and are all rushing to emulate it somehow.
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Old 09-18-2016, 09:48 PM
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And yet, somehow, Federal Reserve Notes are not?

What is backing FRNs? The U.S. government? What does that mean? It means they want tax money in FRNs, but apart from that, nothing.

.GOV can't control Bitcoin, and they can't track it, so they hate it.

But the big banks see its potential and are all rushing to emulate it somehow.
Sure the banks are rushing to emulate. They get your money and give you nothing in return. Sounds a lot like mortgage backed securities with a different name.

Another bailout anyone?
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