U.S. Citizens Owning Gold As An Asset/Hedge Just Got Harder

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  • #159202
    sprite
    Member

    Thanks for posting, KS. The fact that this item is being manufactured and retailed is evidence that there is a contemplated market for fungible gold at the retail level. It also indicates that people are considering ways to carry real money with them…. Perhaps internationally.

    I am protecting some of my money with precious physical metal but I don’t know exactly how this melt down will shake out.
    The bad thing about precious metals is that the elite and the banks have been buying a lot of it. If we go to gold or silver backed currency again, the same slime balls will still be in control.

    #159203
    davidd
    Member

    what is most valuable in my opinion on the upcoming events is NOT precious metals and such

    in fact it does not matter what form of currency will be available.

    I think its the inevitable new skillsets that will be in demand during these periods

    you cant EAT GOLD or SILVER

    and you may have been living in a first world country all your life that the only thing you may know how to do is buy something

    so sure enough some really good basic skill levels will be needed.. and will be in demand

    [quote=”sprite”]Thanks for posting, KS. The fact that this item is being manufactured and retailed is evidence that there is a contemplated market for fungible gold at the retail level. It also indicates that people are considering ways to carry real money with them…. Perhaps internationally.

    I am protecting some of my money with precious physical metal but I don’t know exactly how this melt down will shake out.
    The bad thing about precious metals is that the elite and the banks have been buying a lot of it. If we go to gold or silver backed currency again, the same slime balls will still be in control.[/quote]

    #159204
    sprite
    Member

    Davidd,

    Many US expats in CR are retired. Some portion of that group will not be able to or willing to start to develop new survival skills. They have few options besides relying on savings and pensions and both of those sources of income are at risk due to the coming currency crash.

    Gold, silver, lead (bullets) and food is the only option.

    #159205
    Kwhite1
    Member

    [quote=”sprite”]Davidd,

    Many US expats in CR are retired. Some portion of that group will not be able to or willing to start to develop new survival skills. They have few options besides relying on savings and pensions and both of those sources of income are at risk due to the coming currency crash.

    Gold, silver, lead (bullets) and food is the only option.[/quote]

    Here we go kids….. http://www.scmp.com/business/economy/article/1209560/china-looking-direct-yuan-trade-aussie-dollar , whether you hold metals or food, it would be better than the USD, this is just the begining, many countries will follow thus the severe decline in the USD, hyperinflation coming up next.

    #159206
    davidd
    Member

    this is inevitable.. so the question is what happens to the normal middleclass tax paying folks back in the U.S. ??

    who knows for sure.. one thing and I have to say this is a big plus for costa rica

    temperate climate year round ( no extreme weather conditions)

    abundant water and food

    poverty here is high BUT there are NO people here that go hungry.. natural food and vegetables are abundant

    and as long as people can eat… then everything else can be worked out.

    [quote=”kwhite1″][quote=”sprite”]Davidd,

    Many US expats in CR are retired. Some portion of that group will not be able to or willing to start to develop new survival skills. They have few options besides relying on savings and pensions and both of those sources of income are at risk due to the coming currency crash.

    Gold, silver, lead (bullets) and food is the only option.[/quote]

    Here we go kids….. http://www.scmp.com/business/economy/article/1209560/china-looking-direct-yuan-trade-aussie-dollar , whether you hold metals or food, it would be better than the USD, this is just the begining, many countries will follow thus the severe decline in the USD, hyperinflation coming up next.[/quote]

    #159207
    sprite
    Member

    The suggestion that people look to develop useful skills to avoid suffering the crash presumes there is sufficient time to do so. I am not optimistic enough to make that presumption. I suspect it is too late to make meaningful preparations.

    I don’t think there is a way for most people to escape some suffering to varying degrees and perhaps for some, even fatal consequences of the coming mess. Look at how many do not even accept the possibility of a severe economic crash.

    How many retirees are counting on Social Security? Social Security money confiscated from pay checks and added to the federal treasury has long ago been absorbed into the convoluted accounting mess. And the US government is insolvent. Period.

    Skill development? What can a man or woman retiree do to earn a living in Costa Rica after the crash?
    If you do not have physical precious metals stored in your possession sufficient for survival, perhaps a useful skill in begging or in picking fruit from trees in the wild may come in handy. But there is already stiff primate competition for the fruit in Costa Rica….

    #159208
    Kwhite1
    Member

    [quote=”sprite”]Thanks for posting, KS. The fact that this item is being manufactured and retailed is evidence that there is a contemplated market for fungible gold at the retail level. It also indicates that people are considering ways to carry real money with them…. Perhaps internationally.

    I am protecting some of my money with precious physical metal but I don’t know exactly how this melt down will shake out.
    The bad thing about precious metals is that the elite and the banks have been buying a lot of it. If we go to gold or silver backed currency again, the same slime balls will still be in control.[/quote]

    Sprite,

    It kinda sucks, but if the banks have been buying gold and silver in record numbers, that is an indication that they have lost confidence in fiat currency. As much as I dislike banks, (I only keep enough in the bank to pay bills, the rest is in cash and metals), they no doubt run the economy and the world by proxy of the placed politicians. If they are buying, it would behove you to do the same so you have a fighting chance to recoup some of the new world currency that will make it’s debut. Remember the 3 B’s, bullets, beans, and bibles.

    #159209
    sprite
    Member

    Kwite..

    I also am doing the same as you…except for the bibles (like fiat currency, bibles are just more useless paper lies).

    But let’s not stray from focus on the common enemy because of religion again. That tired, old tool is still being used by the elites to distract and divide us.

    It is encouraging for me to find others who are awake to the real world, even if they are still carrying some of the old enslaving control mechanisms such as religion. You understand the core problem which is that we have had a large group of psychopaths running the show for so long.

    The big question for me is whether or not one can avoid enough of the worst of the coming suffering by “digging in” in Costa Rica.

    #159210
    johnnyh
    Member

    I think the world is noticing the reckless money printing the Fed is doing. China is not only mining gold, but it is buying stealthily in order not to drive the prices higher. Yes, banks are stocking that yellow metal, and we should all take a cue.
    Looks to me like most of you are aware. But the majority of the people in the U.S. is completely ignorant of monetary policy and the effects of quantitative easing in driving inflation, or even knowing what a Krugerrand or what a gold or silver eagle are!

    Something is coming ’round the mountain. I don’t know what, but something wicked this way comes!

    #159211
    Kwhite1
    Member

    [quote=”sprite”]Kwite..

    I also am doing the same as you…except for the bibles (like fiat currency, bibles are just more useless paper lies).

    But let’s not stray from focus on the common enemy because of religion again. That tired, old tool is still being used by the elites to distract and divide us.

    It is encouraging for me to find others who are awake to the real world, even if they are still carrying some of the old enslaving control mechanisms such as religion. You understand the core problem which is that we have had a large group of psychopaths running the show for so long.

    The big question for me is whether or not one can avoid enough of the worst of the coming suffering by “digging in” in Costa Rica.

    [/quote]

    Sprite, you believe what you want and I believe what I want, no need to get in to personal prefferences. Although, I would rather error on the side of caution, what if God does exist? I would rather be prepared than not, and if God does not exist, the worst that happened is I modeled my life after a pretty darm good book about ethics and integrity. Either way it’s a win-win for me.

    This will be interesting to see how the banks will manipulate the metals they are buying in droves, I think they are controlling the pricing right now to surpress it for buying opportunities, that will run out soon I think.

    #159212
    Andrew
    Keymaster

    Ha! This just got a a LOT more interesting … Take a look at this from the [url=http://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=928&which_year=2013&SUBMIT1.x=-643&SUBMIT1.y=0&SUBMIT1=Normal]Connecticut General Assembly website[/url]:

    [url=http://dollarvigilante.com/blog/2013/4/30/connecticut-begins-gold-dealer-shutdown.html]AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.[/url]

    To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.

    Introduced by: Public Safety and Security Committee

    As economist Gary North pointed out concering this bill: “You may recall that the terror of the French Revolution was run by the Committee on Public Safety.” In the section on “Bullions and Coins”, the bill says:

    For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.

    #159213
    davidd
    Member

    Scott

    cmon man.. are you not being a little paranoid??? :D:D:D:D:D:D

    according to David m the goverments role is to help us and they will take care of everyone.

    so all is well and using any kind of brain matter to read between the lines of whats going on .. even if history teaches

    is totally insane man

    :wink::wink::wink::wink::wink::wink::wink:

    [quote=”Scott”]Ha! This just got a a LOT more interesting … Take a look at this from the [url=http://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=928&which_year=2013&SUBMIT1.x=-643&SUBMIT1.y=0&SUBMIT1=Normal]Connecticut General Assembly website[/url]:

    [url=http://dollarvigilante.com/blog/2013/4/30/connecticut-begins-gold-dealer-shutdown.html]AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.[/url]

    To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.

    Introduced by: Public Safety and Security Committee

    As economist Gary North pointed out concering this bill: “You may recall that the terror of the French Revolution was run by the Committee on Public Safety.” In the section on “Bullions and Coins”, the bill says:

    For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.
    [/quote]

    #159214
    Kwhite1
    Member

    [quote=”davidd”]Scott

    cmon man.. are you not being a little paranoid??? :D:D:D:D:D:D

    according to David m the goverments role is to help us and they will take care of everyone.

    so all is well and using any kind of brain matter to read between the lines of whats going on .. even if history teaches

    is totally insane man

    :wink::wink::wink::wink::wink::wink::wink:

    [quote=”Scott”]Ha! This just got a a LOT more interesting … Take a look at this from the [url=http://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=928&which_year=2013&SUBMIT1.x=-643&SUBMIT1.y=0&SUBMIT1=Normal]Connecticut General Assembly website[/url]:

    [url=http://dollarvigilante.com/blog/2013/4/30/connecticut-begins-gold-dealer-shutdown.html]AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.[/url]

    To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.

    Introduced by: Public Safety and Security Committee

    As economist Gary North pointed out concering this bill: “You may recall that the terror of the French Revolution was run by the Committee on Public Safety.” In the section on “Bullions and Coins”, the bill says:

    For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.
    [/quote][/quote]

    I am positive that the only “intention” is to protect the consumer, there is NOOOOOO way that the honest Abe gubment would use in any way, shape, or form, information gathered for anything than less than honest to goodness protection of the consumer….right? Can I get an Amen?

    #159215
    davidd
    Member

    Amen :D:D:D:D

    it’s even more amusing that enough people actually believe anything the gov sais at face value.

    I remember in early 90’s when the quick pass was just being introduced. I think I was one of the last hold outs but crossing the throgs neck bridge had become a daily obligation for me.

    and in the end they only have 2 cash lanes open and 7 quick pass so it kind of forces you to participate.

    I finally gave in.

    what happned 2 years ahead.

    I get a ticket in the mail for $350 for speeding.

    it appears that they took information between 2 bridges and caculated tat I went over the speed limit.

    now most of the sheep will say.. “well you should not be speeding””

    when truth is whether I was speeding or NOT is irrelevant.

    what is relevant. is city officials using information that was NOT initially intended for and using this for their own purposes.

    which is a typical example of how this plays out.

    [quote=”kwhite1″][quote=”davidd”]Scott

    cmon man.. are you not being a little paranoid??? :D:D:D:D:D:D

    according to David m the goverments role is to help us and they will take care of everyone.

    so all is well and using any kind of brain matter to read between the lines of whats going on .. even if history teaches

    is totally insane man

    :wink::wink::wink::wink::wink::wink::wink:

    [quote=”Scott”]Ha! This just got a a LOT more interesting … Take a look at this from the [url=http://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=928&which_year=2013&SUBMIT1.x=-643&SUBMIT1.y=0&SUBMIT1=Normal]Connecticut General Assembly website[/url]:

    [url=http://dollarvigilante.com/blog/2013/4/30/connecticut-begins-gold-dealer-shutdown.html]AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.[/url]

    To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.

    Introduced by: Public Safety and Security Committee

    As economist Gary North pointed out concering this bill: “You may recall that the terror of the French Revolution was run by the Committee on Public Safety.” In the section on “Bullions and Coins”, the bill says:

    For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.
    [/quote][/quote]

    I am positive that the only “intention” is to protect the consumer, there is NOOOOOO way that the honest Abe gubment would use in any way, shape, or form, information gathered for anything than less than honest to goodness protection of the consumer….right? Can I get an Amen?[/quote]

Viewing 14 posts - 76 through 89 (of 89 total)
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