PDA

View Full Version : What to do With the U.S. Dollar?


Kris Riley
09-14-2008, 02:27 AM
I'm uncertain about investing money into anything right now. What should one do with ones savings if there is impending collapse of our dollar. Any suggestions?

Mizar
09-14-2008, 02:30 AM
Suggestions? Sure, Buy Euro's and gold if you can get it, US Banks are failing every week, time for a defensive strategy.
M

Kris Riley
09-14-2008, 02:35 AM
Thanks for the reply. That's a good idea, that is if a euro is really that stable. Is it? Gold will probably always be worth something at least, even if it goes up and down.

THE eXchanger
09-14-2008, 02:36 AM
xxx

Kris Riley
09-14-2008, 02:39 AM
Thanks exchanger and mizar, It wouldn't take that long to drive up north to do the business. I'm going to have to get moving.

Another thing. How would one go about spending these different currencies in the U.S. ? I would be pretty worried about getting a proper exchange rate. I know when I traveled through Canada recently. I knew that the Canadian dollar was worth more than the American, but they wouldn't give me the exchange rate while purchasing goods with Canadian in the U. S. They are still telling themselves that it's not worth as much as the U.S. dollar.

Ampgod
09-14-2008, 05:21 AM
This is what you do...

BUY SILVER
BUY GOLD

MAKE SURE YOU HAVE ACTUAL POSSESSION OF THE METALS.



Peace,
Ampgod

Kris Riley
09-14-2008, 12:29 PM
I think I'll go with the gold and silver. Thanks for the tips again. Any other suggestions?

RSF
09-14-2008, 01:20 PM
Keep all your precious metals buried in a lead-lined box.

Operator
09-14-2008, 01:44 PM
Hi,

Everybody is always talking about gold and silver. This is based on the assumption that there is something to barter for ...

My assumption is that in troubled times necessities become scarce. You will probably not be able to travel and stores will be empty.

You can't eat gold and silver ....

My proposal may not be the best one either but consider your circumstances and test if it could be an alternative for you:

1. Take care your money isn't IN the bank
2. You only need 'portable money' if you seriously plan to LEAVE ...

Otherwise there is a FAIL SAFE alternative:
Stockpile your home with food and other necessities. With inflation rising anyway this is a working alternative.
If none of the bad scenarios plays out it won't hurt you ...

But I have to underline: this is only an idea to consider if you have NO intention to leave

If you have necessities you can barter with that too by the way.

QUESTINY
09-14-2008, 01:58 PM
Silver and Gold

This is not financial advice nor am I a Financial Planner...

This is a question on many people's mind. A couple thoughts. I agree with the other posts about Gold and Silver but I would encourage to buy only Silver at this time. Points to make. Silver is cheaper and more rare (look up the Hunts Bros do understand what I mean). It is easier to barter with in times of crisis. Silver is used more in business to make components and things. Gold is to hard to use as a currency in tough times. It will be hard to get change for a 1 OZ coin. There is talk about countries like Russia partially backing their currency with Silver to maintain a value. If this happens Silver will definitely be worth a lot more. The only reason why the metals are being hammered right now in the markets is because the price is only with paper ETF metals. ALWAYS, ALWAYS buy physical. Words to live by, if you don't hold it, you don't own it. This includes stocks and cash!

Dollar and Banks

Get as much cash out of the bank as you can. Keep enough in the bank that you can pay your bills with. You can always return to the bank and deposit your cash if you get low. I know you won't be collecting the interest but is it really enough to fight inflation? Only keep enough money in the bank that you are willing to lose if the bank collapses.

Your bank is FDIC insured. This means you are covered up to $100,000 for ALL bank accounts under your Social Security Number. This includes all banks. You will also have to prove to the bank that you had the money in the accounts. They don't have to prove to you that you had the money in their bank. I print out my bank statements every Friday by accessing the online banks statements. I encourage you to do the same.

NOTE: If you have corporations or LLC's and you are concerned about your bank. Contact me via Private Message and I'll discuss it with you.

IF you have retirement accounts. You are losing money, what the hell are you doing? Why are you letting the institutions take your hard earned money. If you are making money in your retirement accounts, congratulations, you are the only one.

One last thing about the FDIC. When IndyMac went under almost half of the 78 Billion in reserves went away to bail out the insured at IndyMac. Another big boy goes under and it could wipe out all the reserves at the FDIC. If you see on the news or hear that the FDIC has to borrow more money from the government to build back up their reserves, run away, run fast. Do all of the above and go to a local bank. Ask your local small bank how do they utilize their money? How much is spent on the community you live in? How much is is in the Real Estate maket? How much is spent on Funds and Bonds? If your local bank stays local then this is a good thing. Once you start seeing your community hurt bad by business's leaving, stores shut down, construction ceases, then you can worry about your small bank.

Other Currencies

I don't recommend going into other currencies because the banks that offer this service charge huge fees and they are big banks with to much exposure to problems. You will end up losing money in the end. The Euro will tank too eventually. You are already seeing it go down in value.

If you have questions please ask?

Merlyn
09-14-2008, 02:00 PM
.
.
Kris and others,

Probably not a good idea to put all of your eggs (money) into one basket. Soi
some silver and gold is okay and also items to trade look around the Net there are lists by people who have been in bad situations and know what trades. Also do not forget your best asset your own health and friends and family.

Your own mind and thoughts are more valueable than a piece of paper called
money. Invest some time learning to use your thoughts. The following link will
provide an example of a person who is doing this and what can happen as a
result (see first post in the thread)

http://projectavalon.net/forum/showthread.php?t=742
.
.

Kris Riley
09-14-2008, 02:37 PM
Great advice everyone. Does anyone have any experience with Blanchard?

THE eXchanger
09-14-2008, 02:46 PM
we can buy hard silver/and, hard gold in canada :)
and, it is easy to do

Rocky_Shorz
09-14-2008, 02:59 PM
a friend of mine is in the final stages of getting a gold mine reopened out in Colorado, last summer when I visited he took me up there so I could take a look at the mine.

we came to an intersection and suddenly I was drawn down the narrow path, I stopped and looked at the wall beside me and a large hunk of gold was glistening in the light.

I'm afraid its the only gold I have right now, but thought it was curiouos that I was attracted right to the point of finding it.

has anyone else experienced this?

Mizar
09-14-2008, 02:59 PM
Kris;
You can get a Canadian bank account, you don't have to live here, and the insurance on deposits is technically better, that and you can do your banking online from home. You can have the account in Canadian $ or US $. With Fannie and Freddie gone, the FDIC is the next domino
M

ophiuchus
09-14-2008, 03:56 PM
what do you do if the government outlaws possession of gold or silver? or,where do you keep it? or,how do you transport it? $50,000 of silver dollars is more than 100 bags which are very heavy. maybe this conceipt needs to be re-thought.

Toymachines
09-14-2008, 06:04 PM
Why bury your precious metals in a lead lined box? Something to do with the feds outlawing gold and silver ownership in the future, so they can't find it?

bluestix
09-14-2008, 06:25 PM
When you don't have any food or electricity you will see just how valuable that yummy gold and silver is.


If you really want to invest in precious metal buy NdB high power magnets and copper or stainless steel wire.

With these you can make high efficiency electrical generators so you will have electricity even if you have to pedal for it.

If you have electricity you can boil/distill water.

Invest in guns and bullets. (Those are precious metal)

Invest in bulk food and seeds.

Buy some warm winter clothes. It gets cold when you don't have central heating.


Buy some books that explain how to do basic things relevant to survival.


Or find some people who are more prepared then you and see if you can partner with them and let them decide what to spend the money on.

sloper
09-14-2008, 10:35 PM
Don't forget Swiss government bonds folks. Not much yield but safe and reliable to hold savings.

QUESTINY
09-14-2008, 11:55 PM
Don't forget Swiss government bonds folks. Not much yield but safe and reliable to hold savings.

Doesn't the Swiss back their currency with 30% gold?

Occum's Butter Knife
09-15-2008, 12:46 AM
I would like to share some resources I have used to stock up on food and water supplies.

I use thereadystore.com for much of my supplies.

I have used bulliondirect.com for gold and silver.

You all need to be able to heat the home in winter if necessay.

I have also been looking at portable solar cell systems that run all types of portable electronic devices. This would provide some small level of electic capacity since I no not own a generator.

Also Keep about 3 weeks of gasoline on hand as Hurricane Ike has demonstrated.

Let's keep the ideas comming!!

Kris Riley
09-15-2008, 01:09 AM
Thanks bluestix for your reply. Good info there for everyone. Important to invest in heirloom seeds so to harvest the seeds again and again. We're presently shacking up with our grandparents who have been teaching us canning and gardening. Plus not to mention the stories they can tell us about living without all the stuff we do today. It's been good to connect with them. I knew the day would come when I'd be taking care of grandparents and parents, and I'm honored to be there for them. Keep the info coming. Thanks for the response to this thread. It's definitly giving me some understanding and direction. Peace

To Occum's Butter Knife, good post. Good info.

Mizar
09-15-2008, 01:23 AM
Kris, you are way ahead of the pack, your canned goods will be worth their weight in Silver and Gold real soon, your grandparents have more knowledge that they have not told you yet, be sure to get all wisdom b4 they are gone.
M

troopgear
09-15-2008, 12:48 PM
See Ya Kris.

Kris Riley
09-15-2008, 01:20 PM
Ok troopgear, why would one want to buy 1oz bars instead of coins? Another thing. You are sounding hostile. Is it because people are trying the best they can to share what they know? I think if you have an expert knowledge, then it is greatly appreciated. You should start a thread and give some advise. That is what a lot of good people here are looking for right now and if you could share and be patient with us who know very little about this process, that would be swell.

QUESTINY
09-15-2008, 01:33 PM
OK! People.... First there is just crap info here.... Most of you don't even have the
first clue about money and how it flow thought our banking system & markets...

1. IF YOU DON"T TRADE CURRENCIES, DON'T TALK OUT YOUR ASS !!!!!!!!
Quit watching tv and making your self an expert.... very BAD advice....
2. If you want GOLD.... YOU BUY ONE Once gold bars!!!!! NOT coins
3. If you want Silver..... You Buy One Once silver bars!!!!!! NOT coins
4. Now if you have a 401k and want Hard Gold, E-mail me and I will tell you
how to do it....
5. If you don't know about the FX market, Just stick with the US dollar, no disrespect
to you, but unless you have more than $750,000.000 USD you will never know
the difference in your buy power against any currency.
6. Oh and for those...... Yes, I trade Gold,oil,and Mostly Currencies.

Best Regards to you Sir.. good luck!!:lightsabre:

1 oz Gold Bars and 1 oz Gold coins still have the same amount of Gold in them. They also cost the same. The point is that you hold physical.

You must be kidding. Why would you be in the Forex market? This is still paper. Like we have been saying if you don't hold it you don't own it. You are still assuming that fiat currency is the way to go. And how are you going to pull your money out of your Forex account if their is a lockup in the system? You're still thinking it is going to be business as usual. I'll tell you what you keep playing in the casino and I'll use my money to protect my friends and family and take responsibility for my money and not trust it with a brokerage account or bank. Being that they have been soooooo good with our money.

troopgear
09-15-2008, 02:26 PM
It's over!!!!!!!!!!!! We got married

TAXMASTER
09-15-2008, 08:06 PM
I am sorry but I disagree with silver and gold bars.
i think old american coins from pre 1964 are the safest bet. there are a lot of fraudulent gold and silver bars and as price escalates, there will be more that pop up. people are familiar with our silver coins and there are no fakes on the market in any significant numbers. people will trust them plus they are still valid currency in the us.

FYI I am a cpa, a securities dealer and a futures trader myself. I trade in gold, silver, currencies, and oil.

Namaste'

troopgear
09-15-2008, 08:16 PM
Nice to see ya !!!!

TAXMASTER
09-15-2008, 08:18 PM
i just bought 1000 morgan silver dollars at under $15 each. this is a premium over silver however i still think its worth it. i got mine from blue moon coins. they have a lot of silver and gold coins in stock. you can still get plenty of silver coins on ebay. the best place is your local coin shop if they have the supply. i live in a city of 60 thousand people and cannot get it locally.

Namaste'

troopgear
09-15-2008, 08:27 PM
Cheers

noelnewell
09-15-2008, 08:45 PM
According to George Green, get some "junk silver" old silver dimes for easier spending should the dollar no longer be accepted anywhere. He carries on him $5000.00 of gold coin so he can leave on a momen'ts notice. Seeing as that is about all I do have, this is not practical for me.

troopgear
09-15-2008, 08:55 PM
1

Family Man
09-15-2008, 10:00 PM
Some US Coins like the American eagle or any that is Stamped .9999 gold I would think would be ok to buy,they are just as good as any gold bars.I don't get my info off TV either, I am a avid gold & coin collector.Also would a Gold IRA be a bad way to go?Thanks.
Family Man:trumpet:OK! People.... First there is just crap info here.... Most of you don't even have the
first clue about money and how it flow thought our banking system & markets...

1. IF YOU DON"T TRADE CURRENCIES, DON'T TALK OUT YOUR ASS !!!!!!!!
Quit watching tv and making your self an expert.... very BAD advice....
2. If you want GOLD.... YOU BUY ONE Once gold bars!!!!! NOT coins
3. If you want Silver..... You Buy One Once silver bars!!!!!! NOT coins
4. Now if you have a 401k and want Hard Gold, E-mail me and I will tell you
how to do it....
5. If you don't know about the FX market, Just stick with the US dollar, no disrespect
to you, but unless you have more than $750,000.000 USD you will never know
the difference in your buy power against any currency.
6. Oh and for those...... Yes, I trade Gold,oil,and Mostly Currencies.

Best Regards to you Sir.. good luck!!:lightsabre:

Kris Riley
09-15-2008, 10:28 PM
I just talked with someone in the biz who told me that in an event of an emergency, the U. S. government can take all the citizens gold away, including bars, nuggets, dust, coins, except for coins deemed collectors. The collectors coins are more expensive though. That is the catch, but you can keep them when the gov decides that there needs to be a new currency. Which may be happening coming soon.

bodzoyfa
09-15-2008, 10:33 PM
Hi to all, and I appreciate the input from everyone participating in this thread. But I have perhaps a very idealistic intuition about this whole precious metals/save my worth scenario concerning the impending collapse of the American dollar. When yet another bank collapses and the stock market continues to crumble, isnt that one step closer for all of us to freedom? Isnt the love of money and the mediumship is provides to aqcuire power the reason we are in this mess to begin with? The Federal Reserve is a fraud, our debt based society is set up to keep us enslaved. So I submit to you all (and this has been stated earlier in this thread), be more concerned about your relationships with the people you love, get as prepared as your current financial situation will allow and continue to put out as much positivity into the universe as possible. It seems to me that the majority of us agree that the even though we may have the Amero for a short while, that market will crash as well and then we are on to the RFID chip. So what is your gold/silver/platinum/palladium worth then? It is my humble opinion that we welcome the crash of our economy and find the goodness in it. I'm done with the rat race we have all been programmed to believe in. You know, the one where how much money you have dictates your class in society, how many "friends" you have, whether or not you get floor seats to a Lakers game, and quality of health care/education you and your family gets. Pardon my explicit passion but, **** THAT!

I realize this may rub people the wrong way and you may think that I am living in the clouds, but like Alex Colliers Andromedan friends asked him: "Why do you have to pay to live on a planet you were born?" Think about it...


************************************************** ***
This post has been moderated because inappropriate language has been used.
************************************************** ***

bodzoyfa
09-15-2008, 10:45 PM
OH!!! Sweet Heart, I don't play the casino. I OWN THE CASINO!!!!, PROBABLY THE
WHOLE STIP!!!!!!! Now to explain that to you, I would have to get some crayons and
coloring books for you.... and judging from your password porn pic of you. I would
say I know about the FX market long before you knew what MONEY really is .......
PAPER!!!!!

Now, tell me exactly what KIND of paper it is...... OOOPPP!!!!
YOU DON"T KNOW!!!

Currency are NEVER FLAT!!!!! they trade at 1/1000th of a cent....
OH Wait....... YOU Knew THAT!!!

Just keep playing Monopoly, D&D version with be out soon!!!!

Thank-you HONEY!!!:roll1:

P.S. I have been blessed with my talent and have already taken care of my Family and Friends!!!!

Troop,
I appreciate your passion during this diabolical time, but you might consider respecting what others have to say a little more because unless you are in the top of the Illuminati pyramid you are merely guessing as to what is the correct move as we all are. Therefore, you are no more well infomed than anyone else in this forum. Yes, you may know the history of money better than anyone in here, but you may fail to realize that your sources of "history" are provided and validated by intellectual prostitutes that have an agenda to tend to. The only thing that is consistent is change. Therefore, you are in no position to accuse anyone of "talking out of their ass".

troopgear
09-15-2008, 10:59 PM
Tell you what..... I didn't learn my info from "cut and paste" or YOUTUBE....
I learned it FIRST Hand..... So please don't preach to me about hist.....
I'm only here to help those who want it. not to pick and choose what they
think...... A Spade is a Spade.... you read or watch something as if it is law.... off
the internet..... So that is what it all stem from today.... so keep your opinion
to yourself.... its over....

PeacefulWarri0r
09-15-2008, 11:07 PM
I totally agree with Bodzoyfa and appreciate his opinion; We need to look at money as just a vast ice-burg in the way of our future ocean of freedom. If you keep focusing on the big pink elephant in the air (i.e. Money) then you might become distracted from the real purpose of our existence. Good luck in your perspectives and their following actions. Thanks again Bodzoyfa for your uplifting word. It's nice to know I'm not the only soul over in this neck of the woods that is idealistic about life, haha. Peace and Happiness. Adios : )

Dantheman62
09-15-2008, 11:29 PM
Boy your full of hot air! must be from new york. I'm talking to you troop! Hey Kris, don't let troopgear get you down! PEACE!

Kris Riley
09-15-2008, 11:35 PM
As a man that has mouths to feed and tending to land and finances, one like myself is asking the question about the dollar in order to get a better grasp on how to preserve time and energy expended, in a way that will float my family. I too feel the need for freedom from the system of enslavement that we have been entrenched in. The way that I see it, is to take the best good information that is available and weigh it inside oneself to get a feeling if its the right thing to do. When I think of gold, I think of something that I've never owned in my life and it's exciting to think of holding some in my hands for a while in this life. That may sound selfish, but it sounds fun to me. I know you can't eat it or breath it, but why not have fun with your money if you have some. If not, big deal. Without it, we're still capable of creating reality instantaneously and why not enjoy your reality. Enslavement is a state of mind. If you think you have to work at a lame job, then you probably do. If you think you need to be somewhere else, then you can be. Knowone is looking out for you except you. We create our every moment and lets start enjoying a little more. Death is inevitable for now, so get used to the scenario and live a little. Peace my friends.

troopgear
09-15-2008, 11:41 PM
Boy your full of hot air! must be from new york. I'm talking to you troop! Hey Kris, don't let troopgear get you down! PEACE!


I think your PIC says it all..... Mindless:lightsabre:

Kerry Cassidy
09-16-2008, 12:01 AM
Tell you what..... I didn't learn my info from "cut and paste" or YOUTUBE....
I learned it FIRST Hand..... So please don't preach to me about hist.....
I'm only here to help those who want it. not to pick and choose what they
think...... A Spade is a Spade.... you read or watch something as if it is law.... off
the internet..... So that is what it all stem from today.... so keep your opinion
to yourself.... its over....

Hi there,
If you are so smart why don't you reveal more about what it is you really DO know?

Your sarcasm is not helping.. Really. We are all in this together.

Kerry

lock'N'load
09-16-2008, 12:08 AM
Hi there,
If you are so smart why don't you reveal more about what it is you really DO know?

Your sarcasm is not helping.. Really. We are all in this together.

Kerry

[edit] - Deleted. Its hardly going to help the situation

troopgear
09-16-2008, 12:09 AM
And yours is????

I have moved on, but all I see is rebuttals... of nothing...

LIKE I SAID, I moved on....

Dantheman62
09-16-2008, 12:21 AM
The negativity of one will not bring down the positives of many!

troopgear
09-16-2008, 12:21 AM
Thank-you

I'm back in my happy place...

Cheers:original:

Kris Riley
09-16-2008, 12:24 AM
Yeah!!!!!!!!!!!!:biggrin2:

gordon
09-16-2008, 12:30 AM
I think your PIC says it all..... Mindless

Don't worry about him. (Hugs To You Kerry)

troopgear
09-16-2008, 12:35 AM
:mfr_omg: is it a full MOON tonight,

telefrog
09-16-2008, 12:37 AM
Keep in mind you don't have to buy a full ounce of gold. I've got good bit saved, 50% in silver, 50% in gold. I prefer the American Eagle gold coins. You can buy them in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz. My thought is that this would make it a little easier to "make change", plus having a good stock of 1 oz silver coins should work for the smaller stuff. Carrying around a backpack full of silver doesn't make running for the hills as easy! :original:

Stayin' Alive
09-16-2008, 12:38 AM
Top Gear. What are your thoughts about the different options that a person has if they currently have an IRA invested completley in Gold coins that are being stored by a financial institution? The person could take delivery on the coins, but pay a big penalty for early withdrawal. The person could leave the IRA alone, hoping that the financial system won't really collapse or that they would still be able to get delivery on the coins once it became completely obvious that things were collapsing. Do you know of any other options? What do think the odds are that the economy will start to collapse very soon and that the government finances will even collapse next year? What do you think of what is being said in the following link?:
http://www.youtube.com/watch?v=CVAAWbTcGMA

troopgear
09-16-2008, 12:49 AM
Tell you what, I will send you a PM sometime tonight....

Best Regards

Ailith
09-16-2008, 12:53 AM
This is the truth...the only things you will need in the coming days is Food, Water and Toilet Paper...and that's the truth. So, if you happen to have any disposable money at all, go and get this stuff...'cause nothing will matter when you are hungry but food and water. Believe me if I had any money at all I would be at the store filling my cart with beautiful food to fill my pantry at home.

Kris Riley
09-16-2008, 01:31 AM
This is the truth...the only things you will need in the coming days is Food, Water and Toilet Paper...and that's the truth. So, if you happen to have any disposable money at all, go and get this stuff...'cause nothing will matter when you are hungry but food and water. Believe me if I had any money at all I would be at the store filling my cart with beautiful food to fill my pantry at home.
I would guess since you live in a tropical climate that there could be some good gardening taking place. Are you involved in growing your own food? I know that if you live in a city it is most difficult. It would be good to get to know some people who have the knowledge or land and maybe offer something in trade for the harvests. I hope the best for you and many blessings.

Ailith
09-16-2008, 01:44 AM
There probably will be enough food here ...I grow aloe...and we have a breadfruit tree...there is lots of food growing all arouund us ...yes we in Puerto Rico are blessed, Grasias. Still spend those dollars on food...and perhaps things for survival. May the blessings be.

Michael
09-16-2008, 02:22 AM
I only keep enough money in the bank to pay my monthly bills. The rest is split into thirds: 1/3 is pre 1933 1 oz. gold coins (can't be confiscated), 1/3 is 1 oz. Maple Leaf gold coins and the last 1/3 is silver coins. Buying lots of silver just seems too impractical due to the weight. I'm thinking about getting smaller denominations of the the gold coins to make getting "change" in a barter situation less of a problem. (The smaller denominations do cost a little more.) I also bought a Berkey water filter, an emergency survival pack (fire starter, knives, shovel, compass, tent, etc.), and I'm in the process of getting seeds, canned goods and a gun. I hate guns, but not quite as much as I'd hate for someone to try and take my stuff.

Michael
09-16-2008, 02:36 AM
Great advice everyone. Does anyone have any experience with Blanchard?
Blanchard gets a lower rating at the Better Business Bureau than these; USAGOLD, Amerigold, Certified Gold Exchange. I've used all three; they all get an A+ rating from the BBB.

Rebel4Life
09-16-2008, 05:05 AM
Screw Gold get food and water ^_^

JSErwine
09-16-2008, 05:15 AM
Screw Gold get food and water ^_^

Doing both are probably the best idea :thumb_yello:

clarkkent
09-16-2008, 05:36 AM
coins vs bars

honestly unless it gets to mad max proportions and even if it does im assuming that an ounce is an ounce and people will be watching the news as to how much an ounce of silver or gold is worth and im sure there will be some system in place for people with pre 1964 quarters dimes etc.

if i have an ounce of pure silver in coin form and its gone up to $1000 bucks people will be so tuned into what that is worth i doubt theyll say "no sorry man that not as easy to cut" people will be busting out weigh machines and ways to tell if something is actually silver or gold.

gold is gold silver is silver. people will be melting down their silverware if its actually silver. im curious to see what happens to silver since technically its more rare than gold these days since so much is used in electronics and in an industrial capacity, could it surpass gold? probably not but its possible.

redwoman
09-16-2008, 05:49 AM
Hi, I'm interested in any advice you have about what to do with IRA/401K investments in dollars in funds and bonds held in accounts run by fund or insurance companies (think Fidelity, Oppenheimer, Ameriprise) rather than conventional banks. Also, can you elaborate on the basis of your experience? I'm very curious; sounds lengthy. In the black hole of decent financial advice from conventional sources, I'm tempted to take advice from strangers. Tell me why I should from you.

troopgear
09-16-2008, 01:24 PM
So, you have address that to me, just got your PM,.....
Not really in the mood today, and it looks like your a blank slate on any info.
So you just joined, Now....don't mean to make waves..... but this does
sound like a bate trailer by the S.E.C...... So, If you want to know, PM
my with your personal E-mail address..... and I will help you... on advice....
Just want to see if your real.... and yes I will have question first for you......

Best Regards and have a good Day!!!!

kopenhagen
09-16-2008, 06:13 PM
Keep in mind you don't have to buy a full ounce of gold. I've got good bit saved, 50% in silver, 50% in gold. I prefer the American Eagle gold coins.:

may I ask, it maybe stupid question, how do you buy gold?
you go to the local jewellery? or where?

troopgear
09-16-2008, 06:19 PM
www.kitco.com

Carol
09-16-2008, 06:35 PM
may I ask, it maybe stupid question, how do you buy gold?
you go to the local jewellery? or where?

http://www.amerigold.com/buy_precious_metals/

How do I buy precious metals from AmeriGold?

Buying precious metals is easy. When you have decided to make a purchase, just follow these simple steps.

Call AmeriGold at (800) 574-0047 and ask for our current quote, or selling price on the item (s) you wish to purchase. Quoted prices include registered, insured delivery to your door or place of storage.

If you like the price, tell our representative to “Lock in” your transaction, and AmeriGold will cover your order in the market. Once you lock in the price, you will receive a trade number.

Send in your payment to AmeriGold within 48 hours by one of the following methods:

Overnight a personal or bank check
Wire transfer. Please call for instructions
Personal check via Internet using PayByCheck.com (fast, easy and secure)

bodzoyfa
09-17-2008, 12:17 AM
troopgear, are you a troller or a legitimate avalon member? you seem like you get into spats with everyone you talk with. be a part of the solution, not the problem. you seemed stressed out and very unsure because why else would you be so angry towards everyone? when your card gets pulled you might just miss it because you're too busy telling everyone what an expert you are. no need to respond, i have an idea of how it will go...

troopgear
09-17-2008, 12:38 AM
You know, I have already meet a lot of good people here.... That are pure,
truthfull, and have peace with mind and body.... Now, There are
a lot that just talk out there ass.... They search for so called "neg.
energy" and attack....... But wait..... they believe in enlightenment and
preach goodness.... I.E. above remark....

But sadly.... these are also the one that break every rule in the bible...
then ask for forgiveness, These people never practice what they preach...

Catch-up "it be over" DUDE!!!!!:smoke:

Truth voice 2012
09-17-2008, 01:05 AM
Im with Bodzoyfa on this one. Money is the mark of the beast who is at the top of the pyramid. I dont know what a bar of gold will do when nobody has any food. Its gonna be utter chaos people. Money wont mean ****. Besides we'll come out of this apocalypse and start this whole money thing again and then the ******* in the underground bases will creep their way back into society again with all their stored trillions of dollars in gold and slowly buy everything on the planet again and in 6000 thousand years or however long well end up right back here where we started all over again.

Anyone remenber the layers of glass a few feet down in the ground in Scotland, Lybia and Egypt? Also trace elements of radioactive material found in these area's. Many anicent texts refer to a "war of the gods" back then too. To me this looks like evidence of a previous nuclear holocost.

Whats happening now I believe has happened at least once before. We need to break the spell of money completely in order to break draconian law and rule over this planet. Ive seen too many testimonies and reports that suggest a possible higher dimensional reptilian race in control of this planet. I have a strong suspicion that this could be true although I have not seen direct evidence of this. Whatever is true all this must stop here.

I have been so conditioned that I can not even imagine how a society could work without money but I know in my heart that this is what we need to focus on. A structure that works to better itself with each generation (not dumb the next generation down), with the search for all knowlage and truth at the core of it. If theres no money, then no one can be bought.

************************************************** ***
This post has been moderated because inappropriate language has been used.
************************************************** ***

Northboy
09-17-2008, 02:03 AM
Interesting thread, but if I may, I'm going to try a notion on you:

What to do with the UD Dollar?

I read this question, what to do with the geopositioning and strategy to ensure dollar stability. (I hate waste)

Consider this possibility: the United States, as a manifestation of consensus thought, is working its way through the Prodigal Son Parable. (if there any government types monitoring this site, you may want to take note of this post)

Why do I say this?

Oldest Son (the US in this case) asks Father (Britain) for its inheritance and independence. Check

Oldest Son squanders inheritance. Check

Oldest Son has to work as a servant to others. not check yet but working on it.

Now consider this reconcilition

Oldest Son says if I've got to be a servant, I might as well be a servant for my Father.

This would play out on the landscape as the US and its younger brother Canada, along with Britain set about developing the commonwealth into a sustainable economic zone.

Before you laugh out loud, consider the positioning, resources and systems in the collective group of countries.

The US would take a dip. sure, but would bounce back stronger than ever economically. As the banking and legal systems are easily understood in this block, transition would take place quickly.

Consider this notion and please lets discuss.

TAXMASTER
09-17-2008, 01:19 PM
If there is a meltdown, I do not think we will bottom out immediately. I think it will happen in stages. For a while, the dollar will have value, then it will collapse and gold and silver will have value, and if it gets really bad, then food and pharmisuticals will have value. gold and silver will get you in a position to situate yourself for the last phase of the meltdown. if it doesn't happen, just cash in your gold & silver. if you buy carrots, they will spoil and if nothing happens, you will have spoiled carrots. gold & silver will be a means to an end.

Namaste'

arcora
09-17-2008, 02:10 PM
I am investing in:

Fuel.

A generator.

A freezer full of food.

A garden.

A well.

I expect my investments to pay off quite well in the future.

currybai
09-17-2008, 06:52 PM
Okay I am new to the whole precious metal thing, and I am also very young. I want to buy 10k worth of preferably silver coins/bars. I went to Apmex.com and saw that they have silver american eagle n silver canadian coins that has 1oz of pure silver in them and selling them for like $30 dollars, and the current price is around 12. So why is there a $20 premium?

Pinktip
09-17-2008, 06:59 PM
Premium over spot price? Because your purchasing Physical gold.

Try Ebay...........Seriously.........

TAXMASTER
09-17-2008, 07:01 PM
Top Gear. What are your thoughts about the different options that a person has if they currently have an IRA invested completley in Gold coins that are being stored by a financial institution? The person could take delivery on the coins, but pay a big penalty for early withdrawal. The person could leave the IRA alone, hoping that the financial system won't really collapse or that they would still be able to get delivery on the coins once it became completely obvious that things were collapsing. Do you know of any other options? What do think the odds are that the economy will start to collapse very soon and that the government finances will even collapse next year? What do you think of what is being said in the following link?:
http://www.youtube.com/watch?v=CVAAWbTcGMA


I researched the information and found no credence to what is said was discussed at that meeting. Everyone broadcasting this is quoting an australian newspaper "Australia.TO" on the web. They did have an article about the secret session on March 25, however they state in the article that (they previously stated the term conspiracy theorists are speculating as to what was actually discussed) "theorists state that ....... (each point that was brought up)"

In other words this newspaper made a statement about what some un-named conspiracy theorist said was talked about. Every one else then picks up on it and says that it was reported in the Australian newspaper and there you have it.....just BS. There were no names, no sources, no names of any congressmen that came forward and before you know it, this is passed around as truth.

This is why I started looking in project camelot because they do remarkable research and not the same old crap that you find elsewhere.

As a CPA and a securities broker, I will be more than happy to give others my viewpoints on the economy by emailing me at tomjeffers@verizon.net.

Namaste

TAXMASTER
09-17-2008, 10:41 PM
Okay I am new to the whole precious metal thing, and I am also very young. I want to buy 10k worth of preferably silver coins/bars. I went to Apmex.com and saw that they have silver american eagle n silver canadian coins that has 1oz of pure silver in them and selling them for like $30 dollars, and the current price is around 12. So why is there a $20 premium?

you are buying from the wrong place. the eagles have been selling for a small premium above spot so if you can't find them for $15 don't buy them. i reccommend pre 1964 dimes, quarters, halves and dollars. a dollars worth of coins has about 3/4 ounce of silver +-. since there are no counterfeits in these coins, they are relatively safe from fakes plus they are valid us currency and will not be confiscated.

Namaste'