3 votes

If you won $200 million from the lottery, and put most of it into silver, would that be smart?

I didn't win this btw, but I was curious if I did, would it? What would you all do, since it $200 million in fiat currency.




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

YOU are all forgetting one very important thing...

Despite this being a fantasy thread, I'm glad to see everyone really thinking about it.

The thing everyone is forgetting is that most ppl/proprietors aren't going to have scales needed to weigh precious metals. And everything other than actual coins and junk silver and assayed bars are going to be met with healthy skepticism. The preferred item of shtf'ers are silver dimes which would each be the approx equivalent of a "steak dinner"... Pamp suisse gold bars are assayed and sealed but if shtf then you'll only use 1oz gold bars for major purchases... like paying off your mortgage.

Go befriend a liquor store owner and ask of he can get you a couple of cases of vodka nips at cost. And store those, too.

Good luck

Gold, silver, food, water, etc etc, its coming....

I won't comment on silver...

...but if I won $200 million, I'd max out to the campaign and donate another $100 million to RevolutionPac the following day. You're welcome America. All I ask in return is that you deport Bill O'Reilly to Iraq, where he must become a street sweeper.

Then, off to my private island to begin my three-decade-long drunken vacation....or longer if I can manage to buy a spare liver at some point down the line... : )

Honestly, with $200 million there's no need to chase more profits. I'd pile up physical gold in Zurich, and otherwise live on the interest of the safest bonds I could find.

1% of $100 million annually is $1 million, that's a tad over $83k per month...think I could manage.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

you are either retarded or. . .

Have balls that clank. 200mil of a lotto invested in physical silver. . Hmmm. The results would be 20 yrs in prison an confiscation of assets for 'attempting to create irregularities in the market'. But where is that in the Constitution? . . Well it doesnt really matter considering your attorney requires payment in FRN'S. It blows I know but someone had to take you out of fantasy land haha.

No worries, my brother is an

No worries, my brother is an attorney.

I'd give 25 mil to Revpac!!!

I'd give 25 mil to Revpac!!!

_____________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

You realize Powerball is now

You realize Powerball is now at $250M

Yes I know, next week it will

Yes I know, next week it will be $300 million.

I would buy a big RANCH

Big Ranch maybe in Canada because you all will need a place to run and hide.

LOL.

I would certainly shoot a cool Million or two at RP campaign.

I could certainly do alot of good for the wounded warrior program also.

There will be a day come that you will trade a brick of gold for a cat, why, you can eat the cat.

I could do alot of good.

SO...

invest in cats now and you'll find yourself swimming in gold bricks after TSHTF ;-)

New Hampshire and Ecuador.

Eric Sprott on record to put $500 Mil into silver this year!

Last I heard, Eric Sprott is on record intending to put $500 Million into silver this year -- to take delivery! There's been talk in the silver circle as to what this would do to a narrow market of $1 billion in paper silver.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

As Andrew Carnegie said

"Put all your eggs in one basket and watch the basket."

Probably gold would be more portable but yes gold and silver would be sound investments. Giving it to your private foundation first would avoid the tax payable I believe and you could use it later to help those who are going to be in need after the big crash.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

What is most?

After taxes you'd get around 120 mill.

I'd put 5 Mill in physical silver
5 Mill in physical gold
5 Mill in Cash
20 Mill in Land
50 Mill with Peter Schiff at Europac
5 Mill in a house
10 Mill in my checking around
and 20 Mill I'd blow on fun stuff.

"A living Constitution is a dead one" -Ron Paul

I was thinking almost the

I was thinking almost the same thing except you'd have to spend that 20 mil darn fast!!! If you wait till next year, you might can buy a few loaves of bread with it! ha ha. And I'd probably keep the 10 mil out of the checking account seeming as they may start having "bank holidays". You wouldn't be able to get your money out. I think I'd take some of that cking and fun money and trade out for barter items and useful tools that will be in high demand next year (like a hoe and seeds! LOL). That's if you plan to stick around for the next few years. Otherwise, you could possibly buy a home in a less volatile country or island! Take a long vacation.

A number of things.

I posted how I'd go broke for Ron Paul here
http://www.dailypaul.com/210709/if-i-won-the-lottery-this-we...

but there's more to add. Personally, I'd spread it 3 ways mostly. The percentages are based on whatever I had left after getting the Good Doctor into office for one term.

Gold/Silver 25%
Other Metals 10%
Real Estate
-Land with lots of timber 10%
-Land with good growing soil and climate (maybe even some in Brazil) 10%

One entire city block in Detroit 1% (Just to help rehab the city)

Cash 10%

24% various investments, farms, and other off the grid stuff

10% Remaining to various charities.

One day, I'm gonna' change my name to Dale Lee Paul

No, of course not!

After taxes you'd get around 100 million. If you had that much money would you really care what the rate of inflation was and how much stuff cost?

I wouldn't.

Also, I'd give about 100k to all family members to essentially say, "don't beg for more".

I'd have a 2nd passport and then LEAVE in my jet and fly around the world for the next 50 years or so. Renounce citizenship sounds like a perfect idea. Or I could be stupid and stick around here while "trying to make a difference" in a country that's determined to be like the USSR or Hell.

I thought it's fiat currency

I thought it's fiat currency and will become worthless someday...why would I hold on to it?

CALL ME !

Please !

............

............

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

nope,

congratulations, i know this is where is would come if i had a question about it...good luck

I WOULD GIVE 50 MILLION TO THE RON PAUL CAMPAIGN

50 million to Ron Paul Campaign
15 million to pay all kinds of politicians, celebraties, singers, actors,sports figures to endorse ron paul and educate them and on ron paul so they believe his message and so they can show up at rallies...
Then by 50 million worth of gold and silver
Then 20 houses for family.and electric cars for them
then start a air and water purifier company

If you play the lottery,

You're too stupid to handle $200 million. I figure lotteries are "the tax on stupidity." Giving your money to government voluntarily is clear evidence of irreparable brain damage, to say nothing of the poor odds of winning. Go to a private casino if you want to gamble; you'll probably still lose, but your odds are better so it will last longer -- and casino owners will spend your money more wisely and benevolently than any government will.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

I play with co-workers, we

I play with co-workers, we all pitch in a dollar, and we usually win at least $7 each. I am not losing anything, in fact getting more each time.

No

Putting all your eggs in one basket and all that. Personally, I'd mostly stick to acquiring land.

Very recently I came into some money (for once!) and was going to purchase a bit of both...not that I came into 200m mind you but it'll be a start. I'd also get a passport but due to current circumstances I cannot.

A signature used to be here!

I would buy properties in several parts of the world

where I could live part or full time. Hard telling at present what regions might have the best survival potential. I'd want to build a couple of deep underground shelters too. There has to be a reason for the stepped-up pace of DUMB construction around the world. (DUMB stands for Deep Underground Military Base.) I'd invest in off-grid technology for each of my properties, stock each with several years' food supply, and hire caretakers for each property.

Sure, I'd buy silver and gold but mainly I'd want to get needed goods and materials before there are supply disruptions, including lots of brass and lead.

Of course I'd do all this with $100 million. The other half would be superPAC'ed to help Ron Paul win.

New Hampshire and Ecuador.

.

.

No, start up a lobbyist firm and buy a couple local politicians

Then reap your niche monopolies over the dumb middle class.

Having money is about cash flow, not hoarding.

You need to keep stirring the money pot and milking the peasants, otherwise your funds dry up.

OR

If you buy silver, what are you going to do with it? Make it into some jewelry and a grill for your teeth like the rappers do? Holding it in storage without your own guards just results in some bank stealing as we have seen already.

Ron Paul basically did the first but called it Campaign for Liberty and it's run by his family. The only difference is he isn't evil.

================================
Fight the Ron Paul blackout on the Daily Paul (now 'P AU L'), put his removed poster back as your avatar:
http://www.mediafire.com/?9ir62bp8nshv83m

I would buy real estate,

I would buy real estate, restaurants, etc., with the Silver when it hits it's bubble and becomes money again, duh.

I'd build a house

I'd build a house

out of $1 bills

I Thought about this question Yesterday on a drive

My Idea was that if I won the lottery and decided to stay here, I'd build a Housing community, maybe 200-300 homes and give them away to People of Libertarian thought. There would be a screening process but the idea is to have like a NH free state project but somewhere warmer close to a beach... That would be an awesom community to live in!

I've had a similar thought

I've had a similar thought except I would not do it for free. I would make it very affordable so their homes could be paid off in 5 yrs and those that are capable would need to participate in the building process. It would make ownership much sweeter. I was also thinking how cool it could be if we had 200-300 different communities throughout the country so people could move to different areas.