Only if my account is in my name and traceable to me. It is not. I can't go into any more detail than that I'm afraid, but there are very secure ways to make you invisible.
What's your address...
![Mr. Green :mrgreen: :mrgreen:](/styles/smilies/icon_mrgreen.gif)
Personally speaking I wouldn't hold more than 10% in gold. First of all it is a pain in the arse to convert and cannot be done quickly. In these times, I'm against that. Then there is always the chance that Obama will pull an FDR on you. Now a year ago I would have said no way, but now, ...possible.
Yes, land ownership is important but less so than 20 years ago. I have plenty of it and I considered dumping some prop's when it was all sky high, but I was comfortable and decided to keep it. I knew the bubble was going to burst and the values were out of whack anyways, so I didn't pay much mind to paper profit. Of course no one could have foreseen the complete attack on the economy that Obama is waging, so in hindsight I should have sold a few. They are paid off however, so it's a push.
This is untrue. Any amount of currency in any form over 10k must be declared. This does not mean you will be denied (as of right now it's kewl), but if we are talking about a meltdown, then things could change. Carrying large amounts of gold is not easy nor concealable. If times get really tough, it could be very risky indeed.
I think it would be far easier to use your offshore account to purchase the gold through a foreign bank and have the gold waiting for you.
As of right now, T bills are the SAFEST, but yes not the most profitable. look the days of making a killing are pretty much over. I'm not saying it cannot be done, but the chances of being on the losing end of an investment is rising steadily. As for tanking, it is a common mistake to invest and forget, but with a short turn around, that doesn't happen. T bills are steadily rising in value as pressure on the govt. to perform increases.
That's true, but a lot of wealth evaporated very quickly and never returned. Also, most of the population at that time was not invested in the markets like today, which increases volatility.
Yes, it was the same here. I quickly evaluated that my new neighbor represented the "last" sort to get in on the bubble. It wasn't the deciding factor for me but it added to my equations. i went out 2 months later and jacked all of the equity out of 2 of my houses and took the proceeds at 5% interest and invested in oil and fertilizer (potash to be specific). So while my neighbor was losing 25% per year on his house, I made, well let's just say I made a killing.
Yes, I completely agree, and that is exactly why 65% of the ppl think Obama is doing a great job...
Good post, I enjoyed every bit of it.
If there was anything I didn't respond to it was because it was dead on, except for sugar not spoiling...it does, only honey holds that honorable distinction.
![Wink :wink: :wink:](/styles/smilies/icon_wink.gif)
Gotta luv the Bees!