[Gskdmidd]

i considered this myself. i have taken some steps, but not to a large degree. you need to understand why you are buying gold if you do. when buying gold there is no real guanreteed result. you are gambling. it is a safer bet then most, but you are gambling.

basically you are buying gold so that if/when the dollar falls, you have some sort of currency to trade with when a new currency comes along. or, if you move out of the us, to buy currency in the country you move too.

the gamble is, you do not know how much it will be worth, if the country you are moving to is going to be stable, or if there is even going to be money in the future.

it's not a bad investment if you have extra cash. here are 2 quotes:

"the release of atomic energy has not created a new problem. it has merely made more urgent the necessity of solving an existing one." --albert einstein (1879-1955)

"we can't solve problems by using the same kind of thinking we used when we created them." --albert einstein (1879-1955)


by keeping money, we may just well be clinging to a problem. the current short fall of the dollar is just making us aware of the problem quicker. now, if we keep money, we are using the same thinking that we used to solve the problem which has not had a positive effect on my life (i am well off imo).

in the light and love of all that is

paul

[pIp83Uns]

it seems to me that trusting any big company with your life savings is a gamble and puts you into a state of fear. how many people are constantly worried by their money situation even though they actually have money?

i say, and this might be hard to accept for those of you who live in fear, that you should invest your money in things, land, education, equipment that produces something rather than having it slowly dwindle away constantly making you afraid.

[MightyMasd]

this is indeed a valid concern. i read an article recently, called what to do when your bank closes. it may be helpful to some of you, because i can tell you from personal experience that if you're not prepared, it's no fun.

our bank closed recently, very unexpectantly and without any notice. i was buying groceries and the cashier handed my debit card back and told me it was no good. all of our funds were frozen for over 2 weeks until the new bank fully completed the transfer. we really had to scramble, because we paid all our bills and living expenses with this account.

the government insures your funds up to $100,000, so if you have more than that, just put it in different banks.

now if you're concerned about the de-valuing of the dollar, or your retirement account, that's a different matter, but of course there are steps you can take here, too, if you feel guided to do so. i would not recommend withdrawing these funds, because you'll only end up with about 40¢ for every dollar after fees, penalties and taxes, and possibly even less.

the best thing you can do is to get in touch with your inner guidance, and then if you feel directed to take action, there are several things you can do. gold can be a good alternative, as has been mentioned, because it's much more stable than the dollar. for instance, 20 years ago a barrel of oil was less than $20, today it's $150-$200, but if you were buying it with gold, it takes almost exactly the same amount of gold to buy a barrel of oil today as it did 20 years ago.

there are also funds you can buy that work the inverse of us financials, so they will skyrocket as the banks and financials plunge, and vice versa.

if you own a lot of shares of a particular stock you can also buy options for it that act as an insurance policy to keep you from losing money, just make sure you research it thoroughly before you go into it, because options can get rather complicated.

hope this helps! good luck! :d

[Grorointeri]

it's golden and will be in high demand to eat, feed animals, and to make ethanol (which we will need)

of course commodities are likely to increase...but i agree that you know what's best for you.

[pedFlicle]

hey guys, i've listened to david's latest interview on myth or logic and was relieved to hear that the banks/lenders (fannie mae, freddie mac, and indymac) that have been seeing some tough times recently were part of the illuminati circle but at the same time i'm wondering if i should take what i have out of my ingdirect savings account just in case... maybe it would be better buried in my back yard ha!
i trust and respect those of you who i call my friends here at dc so be honest and tell me what you think. i also have contributions in a 403b retirement account and my father has been pressuring me (in a gentle way) to take out as much as i can afford to pay back the interest for and invest it in some gold. he's on the same path all of us are but he's a lot more conservative than i am. i haven't done anything as of yet and i'm definitely not living in fear but part of me says, "why not? having a little bit of $$ invested in gold might not be such a bad idea..."

what do you guys think?

blessings,
kelly

[rXpX]

hi kelly, i too have considering what options are available to me and what feels right for a given situation. i can not directly advise one way or another, but use all the information, wisdom and inner feelings of your own self, and you will have taken the right path for you.

let your heart guide your decision. peace in all our choices are found there.

i'm wondering if i should take what i have out of my ingdirect savings account just in case... maybe it would be better buried in my back yard ha!

i haven't done anything as of yet and i'm definitely not living in fear but part of me says, "why not? having a little bit of $$ invested in gold might not be such a bad idea..."
what do you guys think?
blessings,

blessings to you too, kelly !

[Oberjej]

let me ask you, if you had all the gold in the world would it feed you?

no of course not, you can't eat gold..

but with a handful of seeds you could feed a few people.. if you planted and sew those seeds you could feed millions more.

maybe the solution to the worlds financial problem is that it's in the way. every one is worried about money, how to keep money, how to have money to spend on things instead of figuring out how to have things without it.

when i heard of the supposed financial insecurities coming, i fretted too, i wondered what should i do? i refused to give into fear so i came up with an idea.. instead of trying to horde gold or money, fearing for my lively hood.. i simply gathered information. i gathered information on how to build houses by hand, how to grow crops, agriculture, the whole lot. i did this with the idea that if i needed to start a self sustained community, i would have all the information i needed.


while this may or may not appeal to you, the point is, don't just give up and accept the most dire outcome. if we know things are going to get rough, then take steps that will help you and others. if every one hordes gold and stops planting crops, no one eats any way. look for ways to lower your cost of living, growing your own food, energy alternatives, transportation alternatives. all these things will help you get through any instability that may be coming our way. the thing is, don't give into fear of lacking, but rather realize that even if something appears to fail, such as the economy, there is always something to replace it.. there is always enough. when one door closes, another opens.. its all in how you look at it. is the economy failing us, or are we witnessing the birth of something better?

[pedFlicle]

dear rhonda and ewhaz,

excellent advice from both of you... i do know that if times were to get really tough people would pull together and make things work. i just went back to read my original post and realize now how stupid it was... i shouldn't let others influence me the way i do sometimes. my father means well but he worries a lot more than i do.
thanks for taking the time to respond from your hearts to mine i will follow my heart and learn to be a bit more self-sufficient.

blessings to you,
kelly

[Galsteinbok]

let me ask you, if you had all the gold in the world would it feed you?

no of course not, you can't eat gold..

but with a handful of seeds you could feed a few people.. if you planted and sew those seeds you could feed millions more.

maybe the solution to the worlds financial problem is that it's in the way. every one is worried about money, how to keep money, how to have money to spend on things instead of figuring out how to have things without it.

when i heard of the supposed financial insecurities coming, i fretted too, i wondered what should i do? i refused to give into fear so i came up with an idea.. instead of trying to horde gold or money, fearing for my lively hood.. i simply gathered information. i gathered information on how to build houses by hand, how to grow crops, agriculture, the whole lot. i did this with the idea that if i needed to start a self sustained community, i would have all the information i needed.


while this may or may not appeal to you, the point is, don't just give up and accept the most dire outcome. if we know things are going to get rough, then take steps that will help you and others. if every one hordes gold and stops planting crops, no one eats any way. look for ways to lower your cost of living, growing your own food, energy alternatives, transportation alternatives. all these things will help you get through any instability that may be coming our way. the thing is, don't give into fear of lacking, but rather realize that even if something appears to fail, such as the economy, there is always something to replace it.. there is always enough. when one door closes, another opens.. its all in how you look at it. is the economy failing us, or are we witnessing the birth of something better?

very well thought out. one thing i learned about a garden is that you need to haver fence around it to keep out the critters. they have been eating all my tomatoe plants.

[Alex]

i think soon enough your money, no matter the form or currency, will be meaningless. use it now to do what drives you.

continue spiraling ever upwards,
austin

[snislarne]

dear kac527 (sorry i misread enkidu as the original poster)

although the advice given by other in this thread has been very sound, i'm not sure how many here are actual financial experts

projectcamelot.org, a sister site to this one, often hosts financial talks with george green, i think this is a great launching off step for you. ( if this name or links are censored, please feel free to private message me for information).

i want to briefly touch on what ewhaz was talking about, independent subsistence. the reality of the situation if/when our banks collapse is hard cash on hand is great and will help your position in barter quite a bit, but it will not guarantee that you eat everyday. briefly consider all the crime in america and from where criminality is rooted - the lack of knowledge of subsistence.

as demonstrated throughout our country, looting and violence is a typical outcome in times of anarchy. would you be able to keep your funds hidden and safe? would you be able to stay in the location where your treasure is stored?

hard cash is typically most useful when being converted to a safer international denominations. i think the issue with this is americans, if an economic crash does occur, will scramble for shelter in other countries ~ and a good portion will be turned away.

if you're talking about a substantial life savings, then yes i would change savings into hard cash, the gentleman i mention above prefers junk silver to gold as the market is relatively low at his time of reporting, and will net better money over time as it is largely needed for many things.

good luck

[minowz]

...now, i say, kelly.


your concerns are very valid and i'm glad that you posted.


i convey gold/silver to people for a living, so i'm in the markets full-time, but even professionals like me can make mistakes, like i did by not cashing out my platinum holdings before it tanked recently, but it'll go up and i'll recover my initial investment.


the point is that timing is everything in the markets, so, the timing of your post is an excellent one. so you have a big chunk of money in a bank?


a suggestion: take it all out now. if you don't, you'll lose all of it. this is not a fear-based point...it's a reality-based point.


then turn that cash into real money...physical silver and/or gold. nothing else. forget etf gold/silver. go with physical and buy a safe and put them shiny babies in there. gold/silver will skyrocket in value, thus vastly increasing the value of your pile of gold/silver.


there are a number of reliable indicators that the massive changes in our socio/economic spheres of influence are coming and that the changes will happen in the first two weeks of oct. the changes will likely vaporize your 401k money, so take it all out now, not later, i suggest very strongly. i have seen four different sources say the same thing: big changes coming and they are good changes, though, initially, it will be quite chaotic in the markets with a crash/collapse that will rival 1929...but this will be a very good thing and not a bad thing, because this will finally, finally stop the illoonynaughties and their war/fear-based madness. the whole world will help us recover and dictate to us how we are to recover, then, we, in turn, can recover quickly with a new currency and, baby, the world will be so awesome in just a few short years, so awesome! i look forward to this!


and as far as the gold v.s. seed arguments...ugh, i see that kind of argument all the time and, if it came to a choice between the two -- i'd take the gold, thank you. why? because with the gold, i can buy a lot of seed, with which i can then grow a lot of food. yea, you can't eat gold, but you sure as hell can buy a lot of seeds and food-producing tools/resources with which you can feed yourself and others.


.

[LindaSmithIV]

...now, i say, kelly.


your concerns are very valid and i'm glad that you posted.


i convey gold/silver to people for a living, so i'm in the markets full-time, but even professionals like me can make mistakes, like i did by not cashing out my platinum holdings before it tanked recently, but it'll go up and i'll recover my initial investment.


the point is that timing is everything in the markets, so, the timing of your post is an excellent one. so you have a big chunk of money in a bank?


a suggestion: take it all out now. if you don't, you'll lose all of it. this is not a fear-based point...it's a reality-based point.


then turn that cash into real money...physical silver and/or gold. nothing else. forget etf gold/silver. go with physical and buy a safe and put them shiny babies in there. gold/silver will skyrocket in value, thus vastly increasing the value of your pile of gold/silver.


there are a number of reliable indicators that the massive changes in our socio/economic spheres of influence are coming and that the changes will happen in the first two weeks of oct. the changes will likely vaporize your 401k money, so take it all out now, not later, i suggest very strongly. i have seen four different sources say the same thing: big changes coming and they are good changes, though, initially, it will be quite chaotic in the markets with a crash/collapse that will rival 1929...but this will be a very good thing and not a bad thing, because this will finally, finally stop the illoonynaughties and their war/fear-based madness. the whole world will help us recover and dictate to us how we are to recover, then, we, in turn, can recover quickly with a new currency and, baby, the world will be so awesome in just a few short years, so awesome! i look forward to this!


and as far as the gold v.s. seed arguments...ugh, i see that kind of argument all the time and, if it came to a choice between the two -- i'd take the gold, thank you. why? because with the gold, i can buy a lot of seed, with which i can then grow a lot of food. yea, you can't eat gold, but you sure as hell can buy a lot of seeds and food-producing tools/resources with which you can feed yourself and others.


.

just for the sake of discussion, i have a few questions.
• if the stock market is going to crash won’t the bonds held in a 401k go up?
• if you were to transfer your cash into gold and silver wouldn’t you be required to get the precious metals in coinage other than united states minted since you probably will not be able to cross the u.s. border with u.s. coinage?
• would it be better to buy coins or pay off your mortgage?
• if the dollar fell drastically there would be chaos and possible anarchy, so what is to stop thieves from stealing your mini vault?
• there are predictions of catastrophic earth changes that could cause all electronics including the wiring system on your car to fail. how are you going to get to higher ground, as they say?
• homeland security is now notified if you take more than $5,000.00 from any of your bank accounts. how are you going to keep the feds from taking your booty?
• even if you do exchange the dollar (federal reserve note) to precious metals who says anyone near you will be willing to barter for something you cannot eat?
• when you purchase gold and silver won’t you be required to pay sales tax and a fee to the store exchange?
• if you live in the city you are dependent on the water utility and they do not let you drill your own well. would it not be better served to find a way to store surplus foods and water?

[BWJfEkOB]

for me, if i run out of cash it was meant to be, i dont worry about it, even if im running out of food god wont let me starve. if im in an area that is living disharmoniously, i dont worry about the earth changes coming about. have faith that god/ the creator will take care of you! remember there is no chance there is no limit, there is only a plan...for each and every one of us!

im sure there are many miracles in the asian tsunami, myanmar cyclone, chinese earthquake, just search and you will find the stories. but then again if you feel very strongly about investing in gold, do it!

my bro was worried about moving to la becasue of the earth changes but i told him that if he was meant to be saved god will make those right situations and right adjustments so when the quake does come, he is in the right place at the right time...a ok. ready to help those in need

now that ive said this, im sure ill be tested!!!:d

[Lvnufcdc]

the best way to have financial security is to have self sufficiency. that does not mean that one has to do all one self.

it is possible to achieve a great degree of self sufficiency even in a town, it all depends whether we look at things with lateral thinking

easy steps to achieve self sufficiency materially

1) de clutter .- determine what you really “need” rather than what you “want”. much of what we want are aspirational items sign posted to us by others. we try to conform to be loved but no matter how much we move the sign post, we never achieve that. it is a marketing plot.

by determining what you really need you now how little money you have to have

2) grow your own food. save money, nourish your body and soul. it can be a useful hobby and a skill to trade in the future.

3) alternative energy that is affordable hasn’t come yet but there are many ways to cut out service bills by using less energy, cooking more efficiently and wearing heavier clothes when is cold. insulation is a good move.
try solar cooking, it works even in england.

4) by all means spread the risk if you have more than the bank guarantees.

5) learn how to love yourself, that way we do not need to feel the gap with things.


there are many other ways but i thought this will suffice for the moment.

love