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Post by jeffolie on Oct 12, 2013 10:56:41 GMT -6
A time will come during the upcoming predicted Greater Depression when the Dollar will significantly decline because of failing confidence in America's politics and economy.
Putting our money where my mouth is: we exited stocks 100% in 2007 at DJIA about 14000, then sat in cash until the 2008 crash of metals cut silver to under $10 at which point my sweet wife Olie and I moved 100% of our family's investment funds into metals, silver & gold commemoratives, rare silver dollars, etc. My sweet wife Olie and I sleep well knowing we physically possess our metals, etc . Although recently, I have taken some surplus cash to bet on the upcoming horrible bear market in stocks over the next 16 months. 100% of our family's investment funds into metals, silver & gold commemoratives, rare silver dollars, etc remains safe.
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Post by unlawflcombatnt on Oct 12, 2013 15:34:06 GMT -6
Excellent choice.
I, too, had put all my money into metals even before 2007.
Unfortunately, I had to sell it off due to unemployment and legal problems.
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Post by jeffolie on Oct 13, 2013 6:30:32 GMT -6
This 'all into metals, etc' family investment funds indeed reflected a gamble plus a long term expectation that fiat money always significantly declines. I had just collected on a judgement against a big Pharma plus the crash in stocks followed by the crash in metals resulted in the big plunge which in hindsight came out very well for my sweet wife Olie and me.
Another concept motivating the 100% into physicals featured a distrust of govt and stock markets. Normally, investments should be diversified if one's investment skills remain mediocre or naïve. This represented a once in a lifetime nest egg building opportunity when metals crashed in our point of view resulting in the all in approach. Rather than an investment, this represented a safety net in addition to my lifetime pension meaning our everyday budget balancing and everyday lifestyle would never be at risk ... sweet Olie and I sleep well without concern.
A time will come during the upcoming predicted Greater Depression when the Dollar will significantly decline because of failing confidence in America's politics and economy.
Putting our money where my mouth is: we exited stocks 100% in 2007 at DJIA about 14000. Recently, I have taken some surplus cash to bet on the upcoming horrible bear market in stocks over the next 16 months.
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Post by jeffolie on Oct 13, 2013 7:47:40 GMT -6
sweet Olie and I understand the importance of secrecy ... once one's pile becomes a known criminal target opportunity among dangerous people, then even kidnapping and extortion become threats.
So, from now forward, I will cease posting everywhere and forever about our pile.
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