When I was in “Fear” mode of retaining some wealth in diversification so I coudnt be “wiped out” by one thing or another, I bought gold krugerrands and canadian loons. I also had some bullion. I hung on to that for a very short time and didnt really lose anything or make anything either, but the logistics and security required to physically hold that stuff was more than I could bear. No wonder we went to a paper monetary system BACKED by gold rather than actually possessing that stuff. The fiat crap we use today is nothing other than a scam…but as long as we all agree to be scammed, its money we use.
I was getting creative with trying to hide it too, in fact, it got ridiculous, I finally wised up and dumped it. My lovely wife pointed this out to me whilst I was in my “Rambo” stage of agressively protecting MY wealth !!! I didnt quite get to the point of dressing up in camo fatigues and wearing headbands with skulls and bones on em, but I was headed there !! Hahaahaaa
Things to remember:
1. Gold can be made illegal just by possessing it. Its been done before, will be done again if times get tough enough and people revert back to gold without the govt’s consent.
2. I determined it takes 8 times its actual weight in firearms and ammo to secure it….minimum.
Plus you stand the chance of turning into a paranoid gun nut trying to protect it. Even then….its still not really safe.
3. Holding “Gold or Silver certificates” is just exactly that, a “Certificate” not actual gold or silver. That defeats its purpose as an alternate store of wealth because it is channeled, controlled and traded through the avenues that originally are not trusted for their current stability….The Money Markets. Its volatile and “spendy”, …too rich for my blood.
In the end, gold is not the answer, there is no answer, but if more people want something like the economy to work than those who DONT want it to work, we might have a chance.
This economy is like a huge “rudderless” ship that goes in whatever direction the majority of the passengers lean towards. People like Bernanke are holding the wheel that is not connected to any rudder, they only think they are.
Right now, everybody is and has been leaning towards the “greed” side of this ship…for the last 5-6 years anyway.
I say, quit living your life worrying about the future you cannot control, the politicians are paid to do that, they suck at it I know, and they are mostly all crooks but you’ll spend your whole life worrying about stuff that you cant do anything about.
I gave up and went back to living my life doing the things that make me happy, I fully intend on dying broke a long time from now, whatever is left is going to the kids (they’re older) but I have no unsubstantiated BS, currently trendy notions that it is MY responsiblity to make their lives easier, the fun is making YOUR own life easier, not having it done for you. If I can with whats left GREAT ! If not, sorry.
Believe it or not, I had more fun “trying and planning” to make my life easier than I do now !
Life is not a destination…its a journey, try to get enough moola to do what it is you want to do and live the life you want and your automatically a huge success with minimal regrets.
chase the almighty dollar in obscenely large quantities and you quickly become a slave. Only the slaves wear rolexes in this camp.
Enough of this “simple surfer philosophy” Surfs up !… gotta go make some cheap memories.
