Posts by Amanda Allen4

analogwolf10 said:I'm a total newbie here, could someone please walk me through all of this?

Why does it need to be outside the jurisdiction where you live?

And what does "outside the banking system" actually mean—does that imply it isn't in a bank vault?

How on earth did you even manage to ship gold over to the UK and Switzerland?

1. Because—as far as I am aware—there simply isn't a sufficiently reputable or specialized institution for gold storage and trading right here in the States. Besides, since every single transaction happens online anyway, does it even matter geographically where the physical metal is tucked away?
2. Precisely. It’s not held in some commercial bank vault, but rather within an institution that operates independently of the traditional banking system.
3. I didn't "ship" any gold—don't be absurd! I bought it in several increments when the price was sitting below $900 per ounce, and it's currently held with https://www.goldmoney.com. They manage the physical bullion across multiple vaults, including locations in the United Kingdom and Switzerland. You can buy or sell back in six major global currencies, plus Bitcoin.

analogwolf10 said:What’s your take on the future of gold?

It hasn't changed for five thousand years.

Gold is solid money—it actually holds its value unlike fiat—but let’s be realistic: it isn't a state currency. That means (for now) you still have to convert it, just like you would with Bitcoin (our "digital gold"), if you actually want to buy anything.

Sure, there’s a transaction cost, and its value fluctuates when measured against some government-issued cash—but isn't that an infinitely smaller risk than holding money that is systematically losing purchasing power by the day? Or worse, facing the danger of it vanishing entirely? This isn't exactly uncharted territory, is it? 😁.)

For those who haven't done their homework: https://medium.com/@brettking/why-mo...g-6cff3f9ebd9d

Melissa Sanchez17 said:I think people are mixing up two completely different things here. You’ve got the "regular Joe" version of gold—the kind of stuff tucked away in a drawer or a home safe, maybe a couple ounces or ten if they're lucky—and then you have the massive institutional gold held by some billionaire or a giant hedge fund. The idea that an individual needs to stash their gold outside of the country is just pure nonsense to me—it’s honestly pretty idiotic when you think about it. If you move it offshore, how the hell are you supposed to bring it back in? You’re basically just making it impossible to ever actually hold your assets again.

Look, I am nowhere near being some high-net-worth individual, but I do hold gold that seems to follow the exact playbook laid out by Egon von Greyerz: it is held outside my local jurisdiction, it exists in physical form, and it remains entirely decoupled from the banking system. Specifically, my holdings are secured in Loomis vaults located in the UK and Switzerland.

So, no, it isn't sitting under my floorboards. Is that clear enough for everyone?

Michael Morgan5 said:How exactly is some government jurisdiction supposed to get their hands on gold that my spouse and I know exists, tucked away exactly where we buried it?

It’s our own private gold standard. It has zero connection to any third party unless we decide to bring it into the mix, so frankly, neither the state nor its laws even stand a chance.

I don't even follow the logic behind the question.

My question concerns the advice given by Egon von Greyerz—specifically his suggestion that one should hold gold in a jurisdiction outside of where they actually reside. What exactly is so incomprehensible about my inquiry regarding how to actually access it when the time comes? To suggest that someone should have to fly from their home in the States to some distant location just to reach their "buried" gold whenever they need it—it’s nothing short of absurd!

Look, I realize you can keep him at arm's length without anyone even noticing—but that wasn't exactly the point of my question, was it?

What kind of answer is that supposed to be to my question?

Let me repeat myself—how does one actually hold physical gold outside of the banking system, specifically in a jurisdiction other than where they reside, and how do you go about accessing it when the need arises?

Do you know, or do you not? I am asking because I don't have the answer.

Robert Vaughn10 said:Egon von Greyerz hits the nail on the head once again:

http://www.24hgold.com/english/news-...on+von+Greyerz

"...outside the jurisdiction..."

Physical gold and silver will be the best form of wealth preservation and act as insurance against the coming debacle. But it must be held outside a fragile banking system and outside the jurisdiction of the investor.

Sure—but how on earth do you actually pull that off? How are you supposed to bury your gold outside the country where you live, and more importantly, how do you even get back to it when things finally hit the fan?

Robert Vaughn10 said:S&P 500:26211
A 9,000 point jump in just 19 months?
You have to wonder what we were waiting for for nearly a decade to see this kind of stock market performance, and what specific variables shifted to trigger such an unnatural vertical climb. On the flip side, commodity and precious metal prices remain generally quite low. In a few years, we’ll see how the price ratios between equities, commodities, and metals shake out. Still, I want to highlight mining stocks for precious metals. For instance, Rick Rule believes they could see a significant rally as early as this year. When I combine his outlook with what Michael Pento has said, I can say with great confidence that now is the time to buy—including some miners. We've officially crossed a major psychological threshold...

"1351 USD per ounce of gold.😉"

It already cleared $1,360!

dustyheron5 said:What’s your take—do you think central banks might actually start adding Bitcoin and other crypto to their reserves this year?
Assuming they don't just stick to gold and digital pixels... 😁

They certainly could—look at Venezuela, for instance. Their currency is absolute garbage, so they have zero downside and everything to gain.

I honestly cannot wrap my head around why governments waste so much energy trying to squeeze taxes out of a population that has already been bled dry—why not just buy Bitcoin instead? If they did, their "tax base" would essentially be the entire world, and it would be voluntary rather than just bullying their own "unfortunate citizens."

Robert Vaughn10 said:Quantitative easing—the supposed "economic stimulus"—works in mysterious ways.

That’s what QE looks like in a free market! Honestly, I can already see myself spending more time at the Pike Place Market stalls chatting with the local gossips than actually grabbing a beer at a Sun City pub.😁.

Robert Vaughn10 said:Actually, paper is definitely on the table.😉

Are you actually suggesting that one could trade gold for a cash equivalent that far exceeds its actual market value?

Since there is always liquidity floating around somewhere—as anyone with half a brain knows—it is entirely plausible.

Edward Robinson34 said:When it comes to gold and silver, it's strictly about the physical assets, man. Some sort of paper derivative just doesn't cut it.

Sure, that sounds like a solid concept in theory, but let's be honest: it's becoming increasingly irrelevant in today's world.

Suppose a total catastrophe hits and we face a massive liquidity crisis—a bank run, for instance—how exactly do you plan to barter your physical gold and silver for basic necessities?

I once heard a story from an old-timer living out near the Rocky Mountains; he mentioned that during that chaotic transition period following the collapse of Nazi Germany and the rise of America, people were actually bartering "gold for gold"—essentially trading their gold jewelry just to get some corn.

Gold and Bitcoin both hold intrinsic monetary value—and while neither functions as a traditional currency, they both serve as money that can be traded via digital transactions. Gold holds one specific advantage: if our entire communication infrastructure were to suffer a total collapse for whatever reason, gold won't simply vanish. However—and this is a massive "however"—it isn't worth much if you don't have it physically on hand at your house; if it's just sitting in some institutional vault, what good is it?

In a scenario like that, neither gold nor Bitcoin would be worth much—certainly far less than a shotgun with a full box of ammo. I certainly hope we never reach that point, though, because my gold is stored quite far from my home😁.

Is this actually "real" stuff? Is there even such a thing as "unreal" assets? If I need a product or a service, I see value in both—I don’t see any reason to draw some arbitrary line between them.

If I decide an expert consultant's advice is worth my money, I’ll pay for it just as readily as I would for a physical product. It's simple logic: if it provides utility, it's worth the cost. Anyone else would do the exact same thing! We are all participants in a single market, and right now, the market price is the only metric that matters when determining what a good or a service is truly worth.

So, trying to differentiate between gold and Bitcoin by claiming gold is a "commodity" while Bitcoin isn't? That is complete nonsense. Neither gold nor Bitcoin are government-issued fiat currencies, yet both can be swapped for them whenever necessary. Just because they aren't state-backed doesn't mean they aren't money.

Look, you can literally buy real estate with Bitcoin:
http://bitcoin-realestate.com/property/3123-2/

Melissa Sanchez17 said:Man, it’s such a bummer this thread went totally silent. Gold was actually getting interesting for a second there—sitting just a few bucks shy of $1,307. If it had managed to break higher, we might have been able to call it a day and say the bears were finally dead and gone, right? But since it stalled? Honestly, I wouldn't be surprised if we see a retest down at $1,150, or maybe even a dip toward $1,050. If it holds above those levels, then yeah, we're looking at the start of a massive bull run. But if it slips past them... well, looks like we're back to playing the waiting game for another couple of years.👎?

The thread isn't dead—and neither is the momentum! In the two weeks since you posted that, gold has already climbed to $1,338.

Is it actually possible? Could gold be making its way back into the market as legitimate currency through the side door?

"As time passes, once residents start using both US Dollars and precious metal coinage, the reality that those coins maintain far more value than US Dollars will trigger a “reverse Gresham’s Law” scenario—where the "good" money (gold and silver) effectively pushes out the "bad" money (US Dollars). When that shift takes hold, we could see a massive chain reaction: real wealth flowing directly into the state treasury, a surge of new banking business coming from outside the region—as the Gold standard movement gains momentum—and eventually, a massive public backlash against using US Dollars for everyday transactions.”

Are we looking at a future where we're lugging around heavy pouches of coins, or will gold just become another digital entry on a screen?

Gold and silver tax exemption bill

https://schiffgold.com/key-gold-news...8a40-192608337

Political correctness is nothing more than a pathetic lie—something an honest man simply won't touch. Basic decency in our social interactions should be more than enough! For instance, you wouldn't tell a hunchback he has a stunning physique, nor would you feel the need to broadcast the blunt truth about their appearance to the world.

hiddensailor14 said:I’ve been spending some time lately digging through all these articles about investing—Wall Street, gold, the whole nine yards. To be honest, while Bob was busy handing out a sense for economics and smart investing to everyone else, I must have been looking the other way, because most of this feels like a foreign language to me. I have a question regarding precious metals, though. What is the actual practical difference between buying things like gold or platinum through a brokerage account versus just holding physical cash? Obviously, I get that buying through an account leaves a paper trail of where my money went, but since there aren't any taxes involved here, does that really matter? And if it does, why...?🤔
For instance, if I wanted to pick up some precious metals as something I intend to hold onto for the next twenty years or so—say, around $5,000 worth—what would be the smartest way to go about it? And where should I even look?
Or, I could just throw the whole lot into Wall Street. But then again, I don't quite wrap my head around these virtual currencies. If I buy gold, I can actually hold coins or bars in my hand, but with Wall Street... where does it actually live?

Monetary gold and Bitcoin are money. Gold has been around for 5,000 years, whereas Bitcoin is practically "yesterday's news." As forms of money, both serve as a medium of exchange for goods and services. If you want to actually spend that wealth, you eventually have to convert either gold or Bitcoin back into a fiat currency. The core point here is that gold and Bitcoin are autonomous—they aren't owned by any social institution, like the government, which can manipulate their value to suit political agendas.

Bitcoin is a cryptocurrency that you trade digitally. Gold is a commodity; if you have it sitting physically in your house, you have to take it somewhere to exchange it for the currency you want. However, if your gold is held in a vault—for instance, with https://www.goldmoney.com—you can also trade it digitally, meaning you can buy and sell using any of the six major global currencies.

Money—whether it's state-issued fiat or autonomous assets like gold, Bitcoin, and other cryptocurrencies—isn't technically an "investment" in itself because these things don't generate yield. If you hold one ounce of gold or one Bitcoin, ten years from now you will still have exactly one ounce or one Bitcoin; nothing more. But their value, when measured against a state currency, will be different. Unfortunately, historically, the value (the purchasing power) of fiat currency has systematically eroded—and that is precisely why people "invest" in gold and crypto. People buy them as insurance against the systemic collapse of purchasing power caused by fiat currencies that are constantly subject to monetary manipulation.

Nathan Morris3 said:You're posting a "promo" article here (just look at the URL), which seems pretty biased. I mean, there are tons of countries that fit that "haven" description for gold, so maybe don't take everything you read in the news at face value.
Besides, I guess I'm talking about a situation where both gold and cash get outlawed—maybe in 5 or 10 years—so then even liquidity becomes a bit questionable.

The article might be "promo," sure, but that doesn't make it inaccurate. Regarding the legality of usage? It is an absolute fact that a government can ban the possession of gold (certainly not the first time this has happened in history)—but that logic applies to any form of money, including your own! Look at India: they have specific currency denominations that are illegal there. If a government wants to outlaw cash entirely, they can.

So, I suggest you go back and read my signature one more time. 😁

Nathan Morris3 said:I guess I agree, though it really depends on the person. Like, if someone doesn't have huge savings and isn't worried about what the next three generations inherit, they probably just care about short-term cash flow. If you can't legally sell your gold to buy a house, it might not be much help to them. On the other hand, maybe for someone sitting on billions who doesn't need liquid cash, gold is likely still the best way to handle taxes, stay anonymous, and pass wealth down through the family.

It’s probably not going to happen that everyone in the world suddenly "bans" gold overnight, but if things start moving, I wonder how supply, demand, and the black market will react.

Gold is money, plain and simple, and like all money, it is incredibly liquid. In the States, it's essentially seen as the ultimate "tax haven."

At this rate, actual sailors are going to become an endangered species—unless, of course, you happen to be one of those elites cruising around on a private yacht 😁.

http://spectrum.ieee.org/transportat...re-almost-here