Post From Wealthwatch.world Chat Room Part 1 of 2
OOTW: ANYONE THAT WANTS TO LEARN MORE ABOUT SOME "HEDGES" WITH THE POTENTIAL FORTHCOMING ECONOMIC CHANGES, MAY BE INTERESTED IN WHAT SHE HAS TO SAY
KiwiDoc: the average man can have great thoughts, they just don't record them......
chattels: ‹@OOTW› i like the concept of hedging, but my observation is that such requires discretionary capital.
OOTW: YES I UNDERSTAND, BUT FOR EXAMPLE, I'VE NOT HAD A FORMAL JOB IN YEARS AND I CAN STILL MANAGE TO BUY SILVER COINS EVERY ONCE IN A WHILE
chattels: it is impossible to avoid putting all of one's eggs in one basket if all one has is one egg :)
chattels: ‹@OOTW› but i am here to learn - bring it ! :)
OOTW: OKAY COOL
disciple7: ‹@chattels› Crack that baby open and scramble it :laughing:
OOTW: THIS IS AN INFORMAL CHAT ALTHOUGH I'VE ANNOUNCED IT BTW
KiwiDoc: ‹@OOTW› your concept is based on saving some, the basic precept of accumulation.....that is where many miss the boat.....
Sam: lol yes
Butifldrm: Hey everyone! lol
chattels: ‹@disciple7› if one uses what they have or gives it away, i.e., no savings, then one cannot lose it
disciple7: ‹@chattels› agreed
OOTW: YES KIWI
Butifldrm: Hi chattels hope everyone has had a great day
KiwiDoc: Wow have I been off.....mercy.....again chattels you humble my philosophy
Butifldrm: what are ya'll taking about tonight
KiwiDoc: ‹@chattels› eggs
KiwiDoc: ‹@chattels› baskets
chattels: ‹@KiwiDoc› oh
KiwiDoc: ‹@Butifldrm› basics, this outfit loves information, loves creative thought
Butifldrm: ‹@KiwiDoc› I'm in
Butifldrm: I have been doing some research on Greece today
OOTW: OH BUTI I'VE BEEN TALKING ABOUT WAYS TO HEDGE
KiwiDoc: ‹@Butifldrm› excellent.....your in the tall timber, Chattels OOTW sczin11, doesn't get any better
Butifldrm: I posted some blogs from one of my favorite's Martin Armstrong
OOTW: LIKE BUYING SILVER COINS AND HOW TO DO THAT IF YOU'VE NEVER INVESTED
OOTW: AND WE BTW ARE NOT FINANCIAL ADVISORS, PLEASE SEE OUR DISCLAIMER
Butifldrm: ‹@KiwiDoc› He is and has some amazing thoughts
Butifldrm: ‹@OOTW› Oh ok
Butifldrm: There are many way to buy silver.
Butifldrm: one can buy from a big dealer like Goldsilver.com it's owned by Mike Maloney
Butifldrm: or one can buy from a neighborhood dealer.
Butifldrm: either way you have to know the spot price and if you are buying Eagles they usually charge about $5.00 over spot.
Butifldrm: Oh for sure I'm not a financial advisor thanks OOTW
Butifldrm: If I were I'd be a millionaire lol
chattels: ‹@Butifldrm› my preference has been through a local coin and precious metal person - he says that when i am ready he can collect $ 250,000 in silver coinage ( pre-1963 ? ) in 48 hours locally - no shipping or brokerage, etc.
Butifldrm: ‹@chattels› yes most can if they are connected to the US Treasury
Butifldrm: I would say Silver is cheaper now than it has been since 2011
Butifldrm: silver had risen up to $50 at that time
gold642: go to www.apmex.com look at the price there of the coin you want THEN who ever you buy from play in the range of what you saw on the site, you will be close
Butifldrm: There are many theories on why the metals including silver have dropped since
chattels: ‹@Butifldrm› what / why any treasury connection ? one of the reasons i prefer my local guy is that the government would have no record of my purchase / holdings
Butifldrm: Some say it's because of manipulation
Butifldrm: ‹@chattels› if you were to buy $250,000 the government would know because they take delivery from the treasury if it's Eagles
KiwiDoc: ‹@Butifldrm› traditionally the metals prices have been manipulated, and isn't that why the Chinese want to have their own gold market.?
Butifldrm: Eagles, if and when they are cashed in you would pay no tax
gold642: not true
chattels: ‹@Butifldrm› i am buying " loose coins " , dimes, quarters and nickels
chattels: my thinking is that if precious metals spike then an ounce of silver and especially gold is " unspendable ", i.e, making " change " may be difficult
Butifldrm: ‹@KiwiDoc› yes the physical market is attached to the ETF's or paper market. So with high speed trading, that could be a manipulation, plus the Gold and Silver Fix could be a manipulation. We already know that the Forex is rigged, and Libor so I would not put anything past
Butifldrm: anyone trying to keep the fiat currency system alive
Butifldrm: The metals are the arch nemesis of the Dollar
KiwiDoc: ‹@Butifldrm› but fiat currency will eventually fail, all have in the past I believe
Butifldrm: ‹@chattels› yes that will never be traced
Butifldrm: ‹@KiwiDoc› let me get back to the Chinese and the Shanghai Gold exchange. the Chinese know what you are saying is true. This is why the Shanghai Gold exchange only trades Physical
Butifldrm: No paper
KiwiDoc: ‹@Butifldrm› Only problem with physical gold, you have to have a place to put it!
Butifldrm: We have seen an amazing amount of metal move from the West to East
gold642: ‹@KiwiDoc› 5 million dollars of american eagles you couldnt fill up a lunch box
Butifldrm: ‹@KiwiDoc› Did you see what Texas just did. I'm in shock and i love it
KiwiDoc: ‹@Butifldrm› Just my opinion but I believe the Chinese goal is to own the Gold Market, thus the world economy, the ultimate control weapon
KiwiDoc: ‹@Butifldrm› yes, you can cover up yellow, you can cover up Rose, but you better never cover up Texas!! They are taking the lead and other states will follow I think
Donnie: ‹@KiwiDoc› what did TX do?
Butifldrm: ‹@KiwiDoc› I believe the Chinese know the true history of the metals and the Fiat currency system so they are hedging and setting themselves up for a global finnacial collapse
KiwiDoc: going to open their own depository
Butifldrm: they hold 4T of our debt
KiwiDoc: ‹@Butifldrm› agreed
Butifldrm: ‹@Donnie› Governor Abbott Signs Legislation To Establish State Bullion Depository
KiwiDoc: ‹@Butifldrm› Its why I think other states will follow. It is a way to get out from under the Federal Government and their debt.
Butifldrm: This is one of the greatest laws IMO that Texas could ever have passed anlong with Open Carry
KiwiDoc: States rights will become even more of an issue
Butifldrm: ‹@KiwiDoc› yes and when they see peoples money moving from their states to Texas, they will awaken
KiwiDoc: ‹@Butifldrm› agreed
Butifldrm: It's just like Iraq Iraq is having an issue with Capital flight
Butifldrm: mostly because they do not have the proper laws in place
] Donnie: ‹@Butifldrm› TY I read last week TX was looking to do that. Good for TX.... I may have to move there eventually. :)
KiwiDoc: ‹@Butifldrm› and they will continue to as long as the changes that are needed aren't implemented.
Butifldrm: ‹@Donnie› yes come on down
Butifldrm: it's very Hot here though
Donnie: ANy place in TX that gets snow in the winter? :(
Butifldrm: ‹@KiwiDoc› States rights just turned into a huge issue since Obama took office
Donnie: I love snow
Butifldrm: ‹@Butifldrm› sometime Lubbock
Butifldrm: it still get's hot in the summer
Donnie: to live in freedom it's worth it!!
Butifldrm: Ok there is one more thing I would like to talk about with the metals
Butifldrm: they are very cheap right now lol
KiwiDoc: ‹@Butifldrm› yes and although I have felt that his election was a tragedy it may turn out to be the best thing that has happened to us. It will force us to take back control of our country
Butifldrm: ‹@KiwiDoc› I pray to God you are right
KiwiDoc: ‹@Butifldrm› what about the rare metals, platinum, etc?
Butifldrm: I pray the majority of people turn off the TV and really read what is going on with our world
Butifldrm: ‹@KiwiDoc› I watch them but they are hard to hold as physical
KiwiDoc: ‹@Butifldrm› some said if you don't read the paper your uninformed, if you read it your misinformed
Butifldrm: ‹@KiwiDoc› 10- 20 years ago we were misinformed
Butifldrm: look at all the crisis's that this country has gone through
Butifldrm: the internet has been a huge tool for the truth
Butifldrm: the internet is a gateway to heaven or to hell. I'ts our choice to study
molonlabe: ‹@KiwiDoc› I think it was Mark Twain.
KiwiDoc: yes your correct
molonlabe: And GE everyone.
Butifldrm: ‹@molonlabe› i do love that man and admire such wisdom
gold642: ‹@Butifldrm› so then the over 90% negative on the dinar we should believe also on the internet "huge truth"
KiwiDoc: I just hate to quote anyone without permission
Butifldrm: ‹@gold642› I can only give you my opinion
gold642: well the internet is NO different then the tv or print
molonlabe: ‹@Butifldrm›And a lot of that "wisdom" came from bad judgement.
Butifldrm: Sorry guys had to refresh
KiwiDoc: ‹@Butifldrm› one thing about illusion, you think you can believe what you see. there in is the "Catch 22"
Butifldrm: IMO one day the Dinar will be worth more than the Dollar
KiwiDoc: oops my age....Chattels can explain "Catch 22"
Butifldrm: IMO the system Iraq, US including the world is a debt bases sytem
Butifldrm: when it all shakes out. No country hold more debt than the US
gold642: and the us will never colapse
KiwiDoc: ‹@Butifldrm› If is does remember it's true origin, but they are still trading women to settle disputes, so there are parts of the country that aren't being plagued by terrorism but are not coming to the party on human rights.
Comments may be made at the end of Part 2 Thank You