I will make my own Gold Standard and pay no more taxes

Dec 2014
28,718
16,360
Memphis, Tn.
The airline industry made $45 billion in profits since 2010. They spent almost all of it on executive bonuses and stock buybacks. Now they beg for another socialistic bailout. Short answer - because U.S. corporations privatize profits and socialize losses. Even the oil and gas industry have their hands out.
Don't forget the the gaming industry and the cruse ship industry.
 
Mar 2020
1,429
371
Land of Freedom
I have paid enough and no one is paying me back so I decided to pay myself. Yes, I will be collecting welfare from myself.
 
Feb 2020
518
298
Kalifornia
<snip>
After all is sold, including cashing out all my stocks. I will turn everything into gold bullion (1/4, 1/2, 1-ounce coins and bars.) I will exchange gold for cash whenever I need to and depending on where I can get the highest rate (jewelry shop, pawnshop, exchange depot, black market, etc.) I will also lend out money for gold in small sums of S50k and less. . .<snip> . . .Freedom is good and owning yourself is freedom.
This is smart. Converting stock assets to Gold is a great idea. Converting stocks to Silver is even smarter, because of the crazy gold-to-silver ratio (119:1). But carrying 114 pounds of silver is awkward.

Physical Gold is always a good store of wealth. :yes:

keep yer powder dry! ;)
 
Feb 2018
3,210
2,441
Oregon
This is smart. Converting stock assets to Gold is a great idea. Converting stocks to Silver is even smarter, because of the crazy gold-to-silver ratio (119:1). But carrying 114 pounds of silver is awkward.

Physical Gold is always a good store of wealth. :yes:

keep yer powder dry! ;)
He'll need it. Doesn't he know that plenty of gold sellers have "partners" whom they keep informed on large purchases and accumulations of gold? And at some point the "partner" steals it all and splits it with the merchant. I know of huge safes, poured into basement foundations, that were ripped out and stolen.
 
Feb 2020
518
298
Kalifornia
He'll need it. Doesn't he know that plenty of gold sellers have "partners" whom they keep informed on large purchases and accumulations of gold? And at some point the "partner" steals it all and splits it with the merchant. I know of huge safes, poured into basement foundations, that were ripped out and stolen.
If you keep your precious metals stored on the premises, you'll need to take measures to protect them.

We agree on this.

I keep my metal assets stored off-site, so I don't need to worry about them being raided.

Of course, there's the risk that cached metals might be discovered, and stolen. That's why choosing a proper cache location is crucial.
 
Feb 2018
3,210
2,441
Oregon
If you have precious metals on the premises, you'll need to take measures to protect them.

We agree on this.

I keep my metal assets stored off-site, so I don't need to worry about them being raided.

Of course, there's the risk that cached metals might be discovered, and stolen. That's why choosing a proper cache location is crucial.
Why not just buy shares in a gold ETF? No carrying costs. No insurance.
 
Mar 2020
1,429
371
Land of Freedom
LOL!! You're afraid to do it and tell Camelot what she says.
Whatever that means.
As I said, there's no bailout and the company is making more than ever from the fake corona. Even there was a bailout, it doesn't affect her position and she will get paid the same.

Why are you and the other guys so upset?
 
Mar 2020
1,429
371
Land of Freedom
If you keep your precious metals stored on the premises, you'll need to take measures to protect them.

We agree on this.

I keep my metal assets stored off-site, so I don't need to worry about them being raided.

Of course, there's the risk that cached metals might be discovered, and stolen. That's why choosing a proper cache location is crucial.
He doesn't understand how to hide gold. Only the stupid hide it on their own property or in safety deposit boxes. Those can be seized and barred at any time. Gold must be hidden right in the government's backyard.
 
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Feb 2018
3,210
2,441
Oregon
Whatever that means.
As I said, there's no bailout and the company is making more than ever from the fake corona. Even there was a bailout, it doesn't affect her position and she will get paid the same.

Why are you and the other guys so upset?
I don't see anyone who is upset but you. You're upset enough to accuse others of being "upset".