Precious Metals, Real Estate, Deposits?

originally posted by: EvilBat
a reply to: iDope

And why would Waco happen to us if we are small community?

We are not advertising I am Jesus Christ or abusing children
or do we have illegal weapons , not advertising a removal of Gov?

Well it would be easier to take your comunity over if the authorities knew you had no weapons. Little is actually proven about the people at Waco, they were actually doing far less than you proclaim. They were murdered in broad daylight and we were led to believe they were violent. In fact they prepared for the end of their religion, as they were told, by arming themselves for the reason the government or hgher power would come to try to end them.

If the governmetn came knocking at your gates, with humvees and fully tactical armed, you would have to let them in or else they would blast you loke Waco, that is what I am saying. If you let them in there is no reason to assume they wouldn't try to shut you down, especially after the shtf. You would not be allowed to be on their battleground. They may evern send your community by bus or train to a facility and use your community to house troops, idk.

Your best investment is a house to live in, varied skills, abundant resources, quality equipment and being fit to prosper in your community. Once you have all that in excess then your best option is to save your excess reserve wealth the same way highly wealthy people do,

"Did you notice anything about the stuff the "ultra-rich" are stashing at those freeports? For one thing, most of that stuff is out of reach for the average saver. Most individual items that make their way to these storage facilities cost more than the average person makes in a year, and some cost more than he'll make in a lifetime.

Gold is the only "real thing" used by the wealthy, for this specific store-of-value function, that is also available to anyone. What's more, the gold of the everyman is the exact same quality gold that is held by the Giants. The same cannot be said about the paintings, sculptures, tapestries, cases of wine, classic cars or even the card tables held, and used, by people of average means."
An Eye for Gold

No silver unless you want to be invested in a risky industrial metal like copper. Gold is the only metal that functions as your excess savings.

a reply to: inthewinterdark

Physical gold holds no value in a collapse. Most collapse scenarios envision a federal collapse of the dollar and no communication across the world. Thus local communities spring up. What do you think your gold is going to be valued at by the banker who is offering credit based on their stores of various currencies and commodities? Measurable work is what's important in such a situation. People like me would be completely screwed as I have no skills outside of a computer (other than a knack for winning poker). If such a scenario were to come to pass (and I really don't believe it would), the best thing you could do outside of some weapons and medical supplies for protection is store a lot of food, and have a strong skill for rebuilding... metal working is good, once an electric grid is back... making electric motors is good too, being familiar with radio (building, operating) would also be a good skill, as you would be the person that could communicate over distances.

originally posted by: Aazadan
a reply to: inthewinterdark
Physical gold holds no value in a collapse. Most collapse scenarios envision a federal collapse of the dollar and no communication across the world. Thus local communities spring up.

Yes, I agree. In a collapse of civilization things like paintings by Rembrandt, fine art, vintage cars, collectible baseball cards, antique furniture, gem stones and lumps of gold will be useless and worthless. We will fight for basic survival while starving the rest of our lives. Like you, I also don't believe that this situation is coming to pass, makes me wonder why you brought it up?

originally posted by: Aazadan
a reply to: inthewinterdark
People like me would be completely screwed as I have no skills outside of a computer (other than a knack for winning poker).

If you can, try to imagine what it would be like to not be an unskilled person with no assets. To already own an oil well or farmland or any productive asset that produces what people want and to already have your full stockpiles for food, equipment, tools and a good home in a good well stocked community? To then experience a collapse somewhere between total Mad Max and the 2008 Global Financial Crisis. To continue to be productive and need to continue to save for the future. Can we also assume that global communication and shipping still is still mostly functioning? This is the collapse scenario that I'm referring to, can you now see that perspective from my previous post?

originally posted by: inthewinterdark
Yes, I agree. In a collapse of civilization things like paintings by Rembrandt, fine art, vintage cars, collectible baseball cards, antique furniture, gem stones and lumps of gold will be useless and worthless. We will fight for basic survival while starving the rest of our lives. Like you, I also don't believe that this situation is coming to pass, makes me wonder why you brought it up?

I brought it up because that's the type of collapse scenario where most peoples prep is good for anything, and it's the situation many seem to dream of. In a true economic collapse internet and electricity will remain on. That means communications can move quickly, which means large organized banks will still function.

originally posted by: Aazadan
If you can, try to imagine what it would be like to not be an unskilled person with no assets. To already own an oil well or farmland or any productive asset that produces what people want and to already have your full stockpiles for food, equipment, tools and a good home in a good well stocked community? To then experience a collapse somewhere between total Mad Max and the 2008 Global Financial Crisis. To continue to be productive and need to continue to save for the future. Can we also assume that global communication and shipping still is still mostly functioning? This is the collapse scenario that I'm referring to, can you now see that perspective from my previous post?

In a Mad Max scenario your physical assets like that oil well are only yours for as long as you can defend it. Once the legal system collapses (which happens as soon as the government collapses), everything is up for grabs.

If communications continue to function there will be no collapse, such a thing is impossible because a new currency can be created and implemented literally overnight.

originally posted by: Aazadan
If communications continue to function there will be no collapse, such a thing is impossible because a new currency can be created and implemented literally overnight.

Excellent point, now in reference to the OP asking, Precious Metals, Real Estate, Deposits? I think we can now rule out deposits until after a new overnight currency is issued. Real Estate works for small savers but marginal utility of owning tens or even hundreds of houses becomes very apparent. There are better ways for the rich to hold their excess savings, fine art, vintage cars, gem stones are just some ways but by far the best item is pieces of actual gold, not silver, just gold. It really does help to imagine having savings in a currency crisis from the perspective of wealthy people, poor people do not have any gold and only think about spendings in a crisis.


"I guarantee to you that the Noble families of Europe still possess some of the same exact pieces of gold that were in their families in the 16th, 17th and 18th centuries. And this is purchasing power stored (and increased) through several currency collapses!
. . . .
Commodities and paper investments are limited to the upside by economic forces and future earnings metrics respectively. Yet they are unlimited to the downside for the same reasons. Gold, on the other hand, has none of the upside limitations that everything else has. It will only find its point of equilibrium when enough "stock" is reassigned to "flow" to meet demand. And this dynamic obviously has nothing to do with today's paper gold market where physical stock lies very still and paper stock meets most of the demand.

. . . . understand that currency flows through assets, not into them. In fact, a limited amount of dollars can flow through the same gold many times, over and over, driving it higher and higher with each pass, as long as new gold stock is not coaxed out of hiding."
How Can We Possibly Calculate the Future Value of Gold

a reply to: inthewinterdark

Deposits seem to me to be the most risky investment, in order to head off any collapse they will be confiscated to bail out the banks. You should consider anything on deposit as a high risk asset. In a collapse fine art like a painting is good for one thing, burning.

The best investment in my opinion is in a business that can survive in economic turmoil for a couple weeks. Not something on the stock market where all you get are dividends and you're at the mercy of the share price, but something local where you're entitled to a share of the revenue on a regular basis and aren't reliant on financial institutions to get that payment. Being wealthy has nothing to do with the size of your pocketbook, it has to do with how fast you generate wealth. Let me give an example, I actually got into this very debate with a professor of mine last year (his side job was writing personal financial advice books)

He shared with us his personal number that he wants to make for retirement. The sum at which he feels he can provide for the rest of his life. He said he was on track to make it and that he would be wealthy at that value, it was $500,000 (this is a very low cost of living area, that's roughly 40x the median wage). I pointed out that it made him well off but it still represented 40 years worth of work. Then I pointed out the person who can generate that value in a year but has nothing in their bank account right now. Which person would you consider to be more wealthy? It all comes down to the speed that you can generate new wealth.

If a wealthy European family still has some gold bars, they're not just sitting on them. Unused purchasing power might as well not exist. More than likely they put those gold bars, artwork, and gems up as collateral on businesses that can generate revenue and it also generates higher returns. Let me give two examples to illustrate this. In each case lets say you have $250,000 to invest.
Scenario 1:
You invest $250,000 in gold, then sit on the gold for 20 years and let it appreciate. At the end you get say $1,000,000 and you've sold the gold bars. All you have is the revenue.

Scenario 2:
You invest the $250,000 in gold. Then you go to a bank and get a secured loan for $250,000 to invest using the gold. Then you invest that $250,000 wisely. Over time your investment dividends pay off the loan. At the end you sell your business shares for $1,000,000. Now you have the $1 mil, and you still have your gold bars that are worth another million.

Buy property, it's more practical. You can do many things with land to earn income. Homes can be made to apartments, lots into parking. Buy cheap foreclosed homes, remodel and flip them or hold the, for a bit and rent them out. Sometimes you can get cheap agricultural land and rezone to increase property value. Level a lot for residential or commercial (depending on zoning) and sell to the highest bidder. Build storage sheds with no electricity and very minimal cost to you aside from the build. Property. Ask Trump.

a reply to: Aazadan
I don't think the OP has $250k to invest in anything. I believe he was inquiring about long-term investments as a recent college graduate. Unless he has obtained quite a high-paying position he'll not be in a position to follow your collapse scenario.
How much experience do you have in actually doing what you are suggesting, as in buy a lot of gold then go get a loan on it and invest the loan? I'm not sure you understand the theory of investments.

The best thing to invest in is a skill other people will always need. Learn how to build things, fix things, grow things.

Where my friend's wife is from, she says all girls learn to cut hair. They all do this so that they can always have a way to make money or a living.

i want to hear more of the free houses !!! save for later

a reply to: FamCore

About investing in real estate. To my mind it needs the least amount of knowladge comparing with investing in stocks, bonds or precious metals. No doubts you'd better to read some articles and consult with specialists to get a general understanding of a property market. Moreover, if you choose the proper moment and location of your property, you will make a huge profit that will feed you and your children. You can read more about advantages of investing in a property here tranio.com...