Precious metals are not useful in a collapse scenario! - page 5.

kodoll

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Quote from: freshman777 on December 04, 2016, 11:21:49 AM

Quote from: iamnotback on December 04, 2016, 06:50:05 AM

What were those tinfoil hats babbling about India and gold upthread... Roll Eyes

Quote from: lerredit on December 03, 2016, 08:12:41 PM

The country with the highest demand for gold (India), just outlawed gold. Shit just got real. Citizens homes will be searched and 85% of wealth will be confiscated.

They can outlaw it all they want, they can't enforce the ban. People will ignore the stupid law. You're a white American boy, you are trained to respect authority and laws no matter how stupid they are (latinos and blacks in US are better equipped naturally to withstand this bullshit). People in the rest of the world aren't as trustful of their governments and are not inclined to abide by such laws. This particular law is not just stupid, it's designed to take away people's means of living when population already knows the government is corrupt. Rest assured that this outlawing gold together with earlier revoking of large bank notes irreparably undermines Indian government's legitimacy, which is a sure way to spawn all sorts of underground economy means and routes. So yeah, let them bring it on to the faster destruction of the top-down imposed fiat.

And I think that any bans can't beat phenomenon. If anything there is a demand, in any case, the proposals will be. What led the fight against drugs and prostitution? To anything! These phenomena is increasing.

freshman777

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Quote from: iamnotback on December 04, 2016, 06:50:05 AM

What were those tinfoil hats babbling about India and gold upthread... Roll Eyes

Quote from: lerredit on December 03, 2016, 08:12:41 PM

The country with the highest demand for gold (India), just outlawed gold. Shit just got real. Citizens homes will be searched and 85% of wealth will be confiscated.

They can outlaw it all they want, they can't enforce the ban. People will ignore the stupid law. You're a white American boy, you are trained to respect authority and laws no matter how stupid they are (latinos and blacks in US are better equipped naturally to withstand this bullshit). People in the rest of the world aren't as trustful of their governments and are not inclined to abide by such laws. This particular law is not just stupid, it's designed to take away people's means of living when population already knows the government is corrupt. Rest assured that this outlawing gold together with earlier revoking of large bank notes irreparably undermines Indian government's legitimacy, which is a sure way to spawn all sorts of underground economy means and routes. So yeah, let them bring it on to the faster destruction of the top-down imposed fiat.

iamnotback

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iamnotback

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Activity: 336

Merit: 265

Quote from: iamnotback on November 24, 2016, 03:56:10 PM

Quote from: https://www.armstrongeconomics.com/world-news/taxes/the-termination-of-cash-approaching-rapidly-the/

I am becoming deeply concerned that the United States is headed into its version of a communist revolution under the label “progressive” and the bankers, who Larry Summers has always supported, will be used as the scapegoat for Wall Street and the “rich” who have to be stripped of their liberty and their money for the “good of the people” as they always say. The United States does not look like it will be a country we can recognize by 2032 if we can even make it past 2024. The United States will most likely break apart by 2036. There are separatist movements rising in many areas from Vermont and Texas to California, who reasons they voted for Hillary not Trump justifying their departure.

The entire purpose of eliminating cash is to strip us of our assets, liberty, and to prevent bank runs. The youth, who have been brainwashed by Bernie Sanders and people like Elizabeth Warren, will turn against the older generation and enslave them if at all possible. This threatens our future with outright civil war. They will not be satisfied until they destroy the freedom of their opposition. It is starting to appear that 2036 is our date with destiny.

I saw NBA legend Kevin Garnett using the term "not progressive enough" on national TV in his condemnation of coaching great Phil Jackson (when Jackson referred to Lebron's "posse").

BADecker

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Quote from: babo on November 30, 2016, 12:06:22 PM

Quote from: sugarfly on November 30, 2016, 10:21:40 AM

money isn't useful during a collapse anyway.
But precious metals are useful to carry your wealth through a collapse,
so that once the collapse is over, you have something to build on.

Precious metals are not to be used "during" a collapse,
that's just stupid

-sf-

i agree totally
and.. in dark period (like war) government confiscate all precious metals (gold, silver,..) and usefull metals (iron, copper,...)

the history teach

We have been in a collapse since the U.S. bankruptcy of 1933. Money is very useful to the big bankers, because they are using it to suck up the wealth since the bankruptcy. Given the population size, if the Federal Reserve Bank and the U.S. Government collapsed today, people would keep on using money locally (including gold and silver) until the effects of the crash were totally felt... like a snake keeps on wiggling even after its head is chopped off.

Confiscation of private property is criminal.

Cool

babo

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Quote from: sugarfly on November 30, 2016, 10:21:40 AM

money isn't useful during a collapse anyway.
But precious metals are useful to carry your wealth through a collapse,
so that once the collapse is over, you have something to build on.

Precious metals are not to be used "during" a collapse,
that's just stupid

-sf-

i agree totally
and.. in dark period (like war) government confiscate all precious metals (gold, silver,..) and usefull metals (iron, copper,...)

the history teach

pepethefrog

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Pepe is NOT a hate symbol

Most valuable currency are frogs.

Always keep a Pepe around.

Grin

sugarfly

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Zettel-Dolphin

money isn't useful during a collapse anyway.
But precious metals are useful to carry your wealth through a collapse,
so that once the collapse is over, you have something to build on.

Precious metals are not to be used "during" a collapse,
that's just stupid

-sf-

babo

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Activity: 3640

Merit: 4224

Quote from: freshman777 on November 30, 2016, 07:58:04 AM

Quote from: babo on November 30, 2016, 06:02:27 AM

- 60% real estate
- 40% others..

Since you don't really own real estate because you have to pay however high taxes government comes up with, 60% is too much for allocating to real estate. You'll be spending a lot of your cash to service it, maybe all of the remaining cash.

Because u dont know the trick
For example, foundation, in some countries, dont pay taxes for real estate..

If you buy a real estate with your name:Eddy Bear.. you'll pay

;-)

Edit:if u really have many money u can found easy eight counselor about it.. i talk more 10m bucks, for less i think you cant do anythings

freshman777

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Quote from: babo on November 30, 2016, 06:02:27 AM

- 60% real estate
- 40% others..

Since you don't really own real estate because you have to pay however high taxes government comes up with, 60% is too much for allocating to real estate. You'll be spending a lot of your cash to service it, maybe all of the remaining cash.

babo

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Quote from: markj113 on November 29, 2016, 01:17:09 PM

Quote from: babo on November 29, 2016, 12:51:18 PM

Quote from: freshman777 on November 29, 2016, 09:10:41 AM

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

When you eat much much icecream you got stomachache, or if you drink much much beer, you get drunk
same with assets, if you own MUCH MUCH assets of one type (much buildings for egsample) you CAN have some problems

the trick is own different assets
- 30% real estate
- 30% gold bars
- 10% silver bars
- 20% bitcoins
etc

different assets win because you become resilient

if building price FALL DOWN, you lost only 30% -- this property is called resilience

edit: this is my humble opinion

So what budget is the above based on because real estate is not cheap in the UK.

A cheap house in the UK is £100k

So by your figures:

£100k rental property
£100k gold
£33k silver bars
£66k bitcoin

Total investment requirement = £299k

percentages are like example.. i dont explain real percentage
in your case
- 60% real estate
- 40% others..

is only a example to explain my idea

Hung_Daddy

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I understand your main idea OP but in a complete collapse scenario, the original values will start to be evident overtime, trust me

BADecker

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Drop a chunk of pure silver into a container of distilled water. Put the cap on the container, and stick it in a warm closet somewhere for a year, and you will have colloidal silver. Colloidal silver is good for killing off all kinds of bugs in your body. Probably works with gold, too.

Precious metals are always good.

Cool

markj113

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Quote from: babo on November 29, 2016, 12:51:18 PM

Quote from: freshman777 on November 29, 2016, 09:10:41 AM

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

When you eat much much icecream you got stomachache, or if you drink much much beer, you get drunk
same with assets, if you own MUCH MUCH assets of one type (much buildings for egsample) you CAN have some problems

the trick is own different assets
- 30% real estate
- 30% gold bars
- 10% silver bars
- 20% bitcoins
etc

different assets win because you become resilient

if building price FALL DOWN, you lost only 30% -- this property is called resilience

edit: this is my humble opinion

So what budget is the above based on because real estate is not cheap in the UK.

A cheap house in the UK is £100k

So by your figures:

£100k rental property
£100k gold
£33k silver bars
£66k bitcoin

Total investment requirement = £299k

babo

legendary

Activity: 3640

Merit: 4224

Quote from: freshman777 on November 29, 2016, 09:10:41 AM

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

When you eat much much icecream you got stomachache, or if you drink much much beer, you get drunk
same with assets, if you own MUCH MUCH assets of one type (much buildings for egsample) you CAN have some problems

the trick is own different assets
- 30% real estate
- 30% gold bars
- 10% silver bars
- 20% bitcoins
etc

different assets win because you become resilient

if building price FALL DOWN, you lost only 30% -- this property is called resilience

edit: this is my humble opinion

Xester

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Quote from: shanem on November 29, 2016, 10:23:40 AM

Precious metals is still a good asset unlike real estate where government can tax you yearly. Precious metals are compact and you won't lose your wealth from any hacks unless it is stolen. Although precious metals are outdated, they are still useful in certain situations.

Yes I believe that precious metals will stay even during the collapse. Let us put the collapse scenario in the extreme an after war scenario, electricity is out, internets are no more, fiat currency has no value since banks are destroyed. The only thing there is left are the precious metals such as gold and silver, it has survived since the ancient times and even at this age if an extreme economic collapse due to war happens they will stay and will still be valuable. They will be used as legal tender to purchase goods and guns at this situation. But hope that will not happen. More power to bitcoins and precious metals.

shanem

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Precious metals is still a good asset unlike real estate where government can tax you yearly. Precious metals are compact and you won't lose your wealth from any hacks unless it is stolen. Although precious metals are outdated, they are still useful in certain situations.

freshman777

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Quote from: babo on November 29, 2016, 08:59:55 AM

Quote from: freshman777 on November 26, 2016, 08:21:56 AM

Quote from: Pearls Before Swine on November 25, 2016, 11:56:08 PM

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece. I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets. Gold & silver, weapons, and real estate. All good things to have, because any government can do exactly what India just did and declare their money worthless. Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

Because u think wrong about money
Money isnt asset
Money is a measure unite
Money is a protocol for measure stuffs

If you have a chicken and i have tomatoes, how we can exchange good?

My tomatos value are 20 credits
Your chicken value, 200 credits... i need 180 credits more for exchange with you

But the value isnt "the credits" , no, the value is the stuff

Money now,is numbers, is an hash.. isnt assets

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

babo

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Activity: 3640

Merit: 4224

Quote from: freshman777 on November 26, 2016, 08:21:56 AM

Quote from: Pearls Before Swine on November 25, 2016, 11:56:08 PM

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece. I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets. Gold & silver, weapons, and real estate. All good things to have, because any government can do exactly what India just did and declare their money worthless. Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

Because u think wrong about money
Money isnt asset
Money is a measure unite
Money is a protocol for measure stuffs

If you have a chicken and i have tomatoes, how we can exchange good?

My tomatos value are 20 credits
Your chicken value, 200 credits... i need 180 credits more for exchange with you

But the value isnt "the credits" , no, the value is the stuff

Money now,is numbers, is an hash.. isnt assets

sergeyzol

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Activity: 248

Merit: 250

Quote from: freshman777 on November 26, 2016, 08:21:56 AM

Quote from: Pearls Before Swine on November 25, 2016, 11:56:08 PM

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece. I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets. Gold & silver, weapons, and real estate. All good things to have, because any government can do exactly what India just did and declare their money worthless. Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

There is a fairy tale "Magic voice Gelsomino". Wrote Gianni Rodari. So there is the government to make money have introduced taxes on air. What I mean is that if people remain silent, the authorities will always find a way to Rob him.

Topic: Precious metals are not useful in a collapse scenario! - page 5. (Read 13372 times)