silverflake wrote:Discussing this with my wife....So on some future day you catch the faintest whiff that Big Brother is going to confiscate your PM's, whats your next step? I might suggest, ok finally trade it in while you can and buy arable, farmable land. My wife, always smarter than me says "But then, why can't they take your land away too?" Smart gal. What next? As you move down the line of assets that store value, hold value and keep you free from the decay of FRN's, you eventually run out of options. They just want to keep stealing every ounce of freedom, every shred of independence. I am running out of answers and options.
These times have made me anxious for sure guys. I don't post here much anymore but really happy to come back and see the same ol' crew (and some newbies). Neil, keeping it real as usual brother. 68camaro - you're probably who I consider one of, if not THE wisest of the wise here. Recyclersteve, thogey etc....whats next for us? I don't expect an answer. Just glad to have a reliable landing spot on the web with a bunch of stalwarts like you all. OK, I have babbled enough. Need to find some toilet paper.................
Keep stacking. While you can.
Hey silverflake: Thx for the kind words. I, too, have been struggling with the concept of what could be held safely without any real risk of being seized. Some would argue that gold would be a lot easier to make illegal to hold than silver or even nickel or copper. Back when the govt. tried to seize most gold (was the Executive Order in 1933?) many buried it in their back yards. If they tried to seize silver, nickel or copper, the govt. would have a huge task on their hands.
I guess the problem with the concept of burying gold (or anything else) in your back yard a la during the Great Depression is this- what if they just seize your property and force you to move immediately to some type of government trailer. Then they would have anything buried in your yard and could post a No Trespassing sign to keep you out. Imagine that!
This is definitely a mess.
I guess part of the answer might be in some type of diversification. I have a good friend who put most of his investable capital into Bitcoin. He is really hurting now- I believe he bought near the highs.
Some would argue that Bitcoin is a good investment. But, if every single Bitcoin transaction can be tracked, couldn't it be stolen or seized somehow. Also, what if someone found a way to collapse the internet. I know that sounds far-fetched, but even a couple months ago I'd have never in a million years have believed that Coronavirus could grab the attention of practically the whole world so quickly.
This has to be the strangest event I've ever lived through.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.