Money

[BeerParticipant 11832]

MattNYC wrote:

But i don’t know s~~~ about buying gold or silver. And i don’t want “collectible” coins or any of that s~~~. Just something that’ll hold value if/when everything else falls apart. Recommendations?

The way I look at it is metals are just commodities…would you say you want to preserve your wealth by putting all your wealth into the relative value of sugar or oil? Hell no you wouldn’t why would you say that about a metal?

Plus…I’m not interested in buying chunks of metal that are just going to sit there and do nothing, and just end up crossing my fingers hoping they retain their relative value…I’m interested in growing my wealth.

My solution has been to invest in large companies that do business globally. Even if our currency or our economy s~~~s the bed these large companies aren’t going to collapse…they’re still doing business all over the globe. Hell a lot of them are moving their headquarters and operations over seas anyhow because our taxes are too damn high here.

I plan on moving to Latin America as well once I get enough money saved up…I’ll be able to do it comfortably with stock paying me a few thousand a month in dividends…I wouldn’t be able to do it with a safe full of gold hiding in my basement.

[OhnoParticipant 668]

MattNYC wrote:

But i don’t know s~~~ about buying gold or silver. And i don’t want “collectible” coins or any of that s~~~. Just something that’ll hold value if/when everything else falls apart. Recommendations?

1. No you dont buy collectors coins because they have different amounts of gold/silver.
You buy silver eagles for example because they have 99,9% and when everything falls apart you and your tradepartner will know how much it is worth because this type always have 99,9%. Collectors coins could have less or even be fake and only be coated with silver/gold…nah just forget those.
Dont let anyone know you have precious metals. Go in a shop with sunglasses, hat, fake mustage etc and get them there without showing your ID. I dont know if you can do that in USA but here you can still.
Have alot of food at your house always, too.

2. South America is not a bad idea.
I would be there now if I had the money.

3. The bible keeps fulfilling and will fulfill to the end is what I expect. So I recommend the bible the most and to not take the mark of the beast when the time comes, no matter what. Because noone can be saved who takes it.

[MattNYCParticipant 2329]

Beer wrote:

retain their relative value…I’m interested in growing my wealth.

Ditto, but growth comes with risk. I want at least a small piece of my portfolio to be relatively low risk. Cash is ok, but it’ll go down with inflation. In terms of preservation of value (yes, at the opportunity cost of growth risk), i don’t know of many options aside from metals. Especially when you consider portability & ease of storage.

Beer wrote:

wealth into the relative value of sugar or oil? Hell no you wouldn’t why would you say that about a metal?

Portability & storage: storing a few thousand worth of oil is not trivial in a major city. Metals are far more practical.

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