getting out of the dollar...lots of room for suggestions and comments here!
Respected economists such as Peter Schiff advise to get out of dollar...but what if you have less than $7 or 8,000? Europac ....(I called them twice) seems to be for investors with big portfolios. Who is going to take the time to help invest such little money...the brokerage commissions are too high and the NYSE sort of scares me, because of the dollar crisis..
Even the foreign stocks from what I understand that are exchanged on the NYSE are paid in dollars. What does a person do who doesn't have much money...just buy gold and silver? (The representative at Europac suggested buying gold). Does anyone know about ADR's...(buying foreign stocks through the New York Stock Exchange....are they safe?)
Any ideas about gold ETF's...where you don't actually have the gold in hand, but can buy and sell....and make a profit.
I"M TRYING TO LEARN ALL THIS....but feel lost! If you help me, you will be helping many others on this site who perhaps feel the same way! I've bought silver (still waiting to receive it after almost 2 months!), but not gold...where's the best place to buy gold and is there a difference between say for instance, "Credit Suisse Gold Bars" and others?





















Everyday expenses? I am a
Everyday expenses?
I am a little confused about getting out of the dollar as well. I have been purchasing silver eagles and some pre-64 dimes and such.
However, how do you function in your business if not in dollars? Do I open a bank account in a foreign country? Then get a visa card to purchase gas and food. Then how do I send US dollars to a foreign bank when I get paid by my clients? Also, wouldn't I need a check book to pay utilities? Maybe it isn't possible to completely get out of the dollar for day to day living?
Any insights or help would be greatly appreciated.
Trade with all nations; alliances with none. ~Thomas Jefferson
“Paper money eventually returns to its intrinsic value - zero”. Voltaire-1729
www.4HUTS.com
Very Big Question
How difficult would it be to, say, withdraw $75,000 from a bank and then go buy gold/silver and keep this info private? Do you have to report to the government any of your purchases over a certain amount?
One is left with the horrible feeling now that war settles nothing; that to win a war is as disastrous as to lose one.
Agatha Christie
honeybee... best thing to do
honeybee... best thing to do is find a good guy to deal with.. write a check for the SILVER. take delivery! when you start to take 75k in cash out,, that will turn suspicion.. i buy from a guy who hase investments in his name.. i'm not worried about who knows what!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
My suggestion is to
My suggestion is to stockpile imperishable foods--freeze-dried, honey, sugar, salt, wine, and wheat.
Then drill a water well.
Then plant a vegetable garden--or fence a patch for livestock and raise goats or cattle. Preferably both.
After you have a one year's supply of food, the beginnings of a farm, and a well, you should then make decisions based on gold coins or money. Not before.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
Not sure about how to delete post...
I was trying to respond to a comment made someone....but apparently, came on top here....when I tried to delete....it doesn't seem possible.
New rules?
Tools are also a good investment as is silver.
Of course if you melt down your silver and make it into a hammer it is a good way to hide it from the government. Same goes for gold, this has been a trick used to get gold out of the country for years. Buy gold at pawn shops, melt it down into tools or parts and ship it out of the country.
My recommendation
A lot of people here have posted a lot of different opinions about where to put this money, and none of them are "wrong" per se. Local recession, global depsression, total societal meltdown - these are all possiblities (although nobody has discussed currency revaluation, which I see as likely since we've done it a few times in the past when we've been here). Nobody, however, can predict the future. So, I have my money stored in what I call my "hedge portfolio": 20% in physical metals (gold/silver - weighted silver), 20% in land, 20% in Euros (raw currency), 20% in European equities/utilities and the rest in industrial mining stock (none are domestic). A portion of my portfolio draws dividends, a portion preserves wealth, a portion gains value and a portion is a fallback. Is this a growth portfolio? Not really. Is it a preservation portfolio? Not really again. But, what this portfolio ensures is that regardless of what happens, I'll have something left to live on - or at least enough money to travel to greener pastures.
- Mixer
PS - Putnam's International Equity Fund is my vehicle for European equities. I can recommend them - YMMV.
I also think next to silver,
I also think next to silver, rural ranch/farmland is great! but i say this... the euro comes from a bunch od socialist countries.. they inflate the currancy also.. at some point the whole world will lose confidence in government issued script. the european equities will go the same way that american equities will. don't think for a moment that those eurpean monetary vehicles are any better then the US... ALL governments are corrupt.. they will screw up their own currencies!
http://www.atimes.com/atimes/Global_Economy/JD16Dj01.html
a good read for you!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Are you not worried
about the Euro tanking? (I've read it will follow USD)
Yes, but...
the question becomes when and what happens first. The Euro may tank in 2015 while the dollar may tank in 2008; so in 2008, having Euros is a good idea and dollars a bad one, while in 2015, having Euros might not be smart. That's why I call it my "hedge portfolio" - I spread my wealth around to counter as many possible/probably outcomes as I can manage. If the US goes under economically, and the rest of the world just suffers a serious blow, then there is a good chance Euros will wholly replace the USD as global reserve. And it's always a good idea to have some of the global reserve currency on hand. My stocks and metals will probably be enough to get me settled wherever it looks like the best place would be - while my land deflates and my USD assets become worthless. But if the whole world replay the Great Depression, then I have some metals and land and all of my paper (stocks, currencies, etc) will just be firestarters. But, in the unlikey event that we can keep the charade going for another 30 years, then my portfolio as a whole should keep up with real inflation and even exceed it slightly so I should be able to retire comfortably.
susan.... as bad as our m3
susan.... as bad as our m3 is... 15%, russia and china are doing the same .. the russians m3 is at 19%! the only reason why the ruble hasn't collapsed is because of the oil wealth and mining they have in their countries.. at some point soon, all people will lose faith in the the government issued paper money! they will then all go to gold and silver..
now think about this.. there are 6 billion ounces of gold in the world today
there are about 1 billion ounces of silver.. when 6.5 billion people decide pretty much all at once that they need precious metals.. whats going to happen to silver and gold? thats 1 ounce of gold and 1/10 of an ounce or so of silver per person when there are going to be trillions in paper money seeking metals! watching the US dollar die is just a pre run for all paper government promise currancy! it may take some time but it will accelerate.. the chinese people are now allowed to buy silver and gold.. the arabs are buying gold with their dollars, same with the russians.. but the west has not caught on yet.. I bet if you asked every neighbor on your street if they have purchased gold or silver they would say no! this thing hasn't even started yet! the only thing that would change my mind is if helicopter Ben pulled a volcker and started to increase interest rates! but as we see he won't do that.
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
The big dogs..
.. are doing a mix of gold/silver, commodities(especially wheat, corn, oil, etc.), foreign currencies and just plain liquidity(over the last year holding cash has outperformed stock averages)...
Gonna have to go with
Gonna have to go with physical gold/silver, food, water, land, weapons and hunting equipment.
silver, food, water, land, and hunting equipment
Don't waste your wealth buying Euros or other foreign currencies. Lots of things are going up at double digit rates - buy some of them.
Bill of Rights /Amendment X: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
Do you need a politician or judge to "interpret" those 28
gold, silver, lead, and brass
Plus toilet paper, canned goods, a first aid kit, clean water, liquor, seeds (lots and lots of seeds, some for eating and some for planting).
And books! If the infrastructure collapses, we're not going to be playing too many video games. Somehow, though, I think most of us on this forum are already biblio-rich. Once your bored neighbors are finished with their eighty hour work week, however, they might like to borrow (or rent) some quality entertainment.
If the bubble pops and your mortgage is written in dollars, you may be able to negotiate a few silver eagles to retire the note.
Viva Agora!
Professor Bernardo de la Paz
www.citizenduquesne.org
LXXI BC: Ego sum Spartacus // MDCCCLVII: I am Dred Scott // MCMVL: Ich bin Anne Frank // MMX: Je suis Assange // MMXI: Ik ben von NotHaus
Toilet paper
makes life worth living.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
This PSA..
.. was brought to you by the National Toilet Paper Council
;)
FOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The best investment is in FOOD PROVISIONS!!! Please let me explain. Well, we all pretty much agree that we are moving rather quickly into a government completely opposite of what the inspired founders created. The way things are happening, and they are happening fast, we will soon depend on Uncle Sam for even the food stuff we eat. History has proven that such a socialistic system ultimately kills many of those that become dependent on it, especially if you don't agree with the system. I've been watching the supply of food and how it is created/distributed/stored for a few years now and there have been some very interesting things going on. As you know, many important things that people should be informed about are suppressed from the media; this is one of those very important things you are not hearing about.
The whole world seams as if it has been cursed with a famine and we are one crop failure away from an enormous disaster. Is it caused by the latest solar cycle or the great creator, I don't know. All I know its happening and it appears its going to get worse before it gets better (that sounds a lot like the economic forecast for the US). There are many facts, numbers, and statistics that I would like to share but I'll let you go dig that up for yourselves. The one fact that should scare the socks off ya is that the US Grain reserves are nightmarishly low!!!
What a powerful illusion that is created when we walk in our supermarkets. So many choices and so much abundance. There is one thing that is quickly becoming impossible to buy and that is grains in bulk. It is only a matter of time before the same storm reaches your local super market. Higher prices will be the immediate cause; however, if prices increase sufficiently that the poorest of our own nation can no longer buy sufficient food then riots and social collapses will be inevitable. Unfortunately, Uncle Sam will step in to save the day with food rationing for all! Hurray!! We are seeing the same thing happening on the world scale right now with Haiti and Egypt.
The interesting thing about this problem is that it cannot be fixed by printing money out of thin air like other problems we have encountered this last year. It takes a few harvests to heal and the forecasts for the next few harvests are not good. The return on a Gold/silver investments is only as good as the education your buyer has on the true value of precious metals. Unfortunately, there are not too many educated people out there as you all probably already know; however, everybody has to eat and nobody will ignore those stomach pains. How many gold coins will you pay for a cup of pottage when I'm the only seller?
If food is prepared and stored properly, it can last up to 30+ years.
Let's prepare temporally to stand as a free people and resurrect the constitution when the time comes!
“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”
You can thank central planning, govt. subsidies, corruption,
and a number of other communist/fascist programs for most of the food problems. But, yes, buy food.
I'm starting with rice and beans.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
I wonder
If Bill Gates we allow us access into the humongous seed warehouse he is building, in Greenland I think. Doubtful, they must know something about the future they are not telling the common people.
Not a chance
Bill Gates, Rockefeller and Monsanto are on this project.
http://www.globalresearch.ca/index.php?context=va&aid=7529
Birds of a feather
flock together. Now the question is, with Monsanto involved is if they gathered up most of what is left of the seeds that have not been genetically modified, and stuck us with their weird ones?
Victory, is that true? I
Victory, is that true? I hadn't heard about that ... do you have any more info?
Yes, it has been pretty widely covererd
even in MSM, it is called the "doomsday seed vault". It is somewhere in the arctic region, don't remember exactly where. They probably even got the seeds that are not genetically modified, while we got stuck with their experiments! lol
Thanks .... the term
Thanks .... the term "doomsday seed vault" is ringing a bell ... I'll have to google it and learn more.
foreign currency
If you could stand the pressure go to forex.com. Buy euros, yens, Aus, etc. They will give you $50,000 dummy account to play with. You don't need a lot of money to buy foreign currency. They will leverage your trades. Therefore with your $7,000 you could easily buy $100,000 in euros and whenever the euro goes up a couple pennys you make thousands, but also if it goes down you'll lose $4,000 like I did in one night, but two weeks later the money all came back without me changing anything. Just play with a practice account for 30 days free trial and see if it is for you.
not unless you can afford to
not unless you can afford to lose your money and not look back.. this person has 8,000.00 bucks.. best thing is get food with half and then I think I would buy silver... that 4,000.00 in silver , i think will be worth 200k when this shortage is realized here shortly! silver will run par with gold.. palladium jumped from 60.00 per ounce to 1200.00 when it went into shortage.... silver will do the same.. to atleast even with gold.. thats 1000.00 bucks per ounce kiddies.. you say awwww no way Sierra your so full of it your eyes are brown! well all I can say is do the research! www.butlerresearch.com
www.investmentrarities.com i put my money where my mouth is.. this is what I have done!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I put my money where your mouth is too SIERRA.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
lol well if your single you
lol well if your single you can put ... opps never mind won't go there..!!!! lol
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I knew as soon as I hit "post comment"
where this thread was going.
Sorry all.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!