tank] Yes, I listen to WangDang, Randy makes sense also and the
IQD Team for sure. Yes, I cashed out last week, just a mil though
[tank] To protect against the devaluation, cash out slowly and don't keep USD for very long, have an asset ready to buy as you cash out, and not the stock market
[SCgunner] tank what do you know about Federal Reserve Notes and UST backed dollars
[tank] I have always gotten into commodities but not only in the USD, I go
]through other foreign exchanges and businesses.
[tank] UST backed dollars sounds like another conspiracy theory, not sure I want to bet on that, but I can bet on gold and other assets.
[tank] Think about another 2 Trillion USD pumped into the economy from us Dinar holders, even if we just deposit the money into the bank and nothing else, what measure of inflation will that create?
Read More Link on Right
dag007] tank What are your thoughts on diversifying in other currencies?
[speedracer] chillimac tank is giving good advice. I won't buy gold yet though. We already hold what will be the most valuable currency in the world DINAR I will hold that as long as I can
tank] Other currencies okay, but only temporarily, as a means to move money to purchase real assets. I don't trust most currencies until next year
[mamari4] THere has been talk since 2008-09 about the dollar devaluing, hyperinflation, and gold going up etc. As for inflation - anyone noticed the jump in food prices over the last 2 years??????
[tank] Watch gas prices, that's easiest
[dag007] tank In a hyperinflationary scenario, I suspect that real property would be a good place to put our money, correct?
[SCgunner] gold is at the top of a bubble IMO
[chillimac] tank do you have any business or associated interest in mining or selling of gold
[tank] Yes, my family has been in mining or the supply chain of that business for two generations.
[goshiluvu] tank aren't you located somewhere in Europe?
[Jupiter22] tank copper? it's an industrial metal not precious
tank] Not sure if real estate would be a good idea, priced in USD during hyperinflation, you can't stay liquid and you'll lose lots of buying power
[tank] Copper is a base metal
[tank] I live in Florida, but have a residence in London and a small country in Europe.
chillimac] tank so you buy an sell gold
[tank] Anyway, I just wanted to share that with you all, you all are smart enough to figure this out, just be careful and do your research
tank] Not so much buy and sell gold, we fund different mining projects, some are gold, some other commodities outside of mining.
[goshiluvu] At the risk of sounding like an *****, if you invest in gold, do you actually receive gold or a statement of some sort?
[Indy_joe] goshiluvu i think you do it either way, take physical possesion or keep it on account.
[tank] You can buy gold in the states, that is where we buy it, I don't buy it from my own companies, it's not like that.
[tank] I store my gold in secure locations, can't say more than that or it wouldn't be secure
[angelbabies28] tank heard anything more
[booyahoohoho] tank tank of course, loljust wondered if people keep it in a safe in their home, or elsewhere
[tank] Anyway, it will be a real party when we finally see this, for everyone. Look for the ministers, that's what the smart people are telling us
[tank] You can use a safe in your home, but it should be a decoy, your real valuables should be somewhere else
[trex] AR state paper today in Bus Section"Banks target affluent customers, focus
shifts to clients with hundreds of thousands" wonder who they are talking about
[tank] I don't know if it was a test, we just made a deal with out banker, funny thing is he called us and set it up and his expense
[wenmar] CajunBelle Because in the past, the government confiscated the bullion not coins and they could do it again.
[dag007] tank Do you trust bank safe deposit boxes?
[tank] No, do not put valuables in the bank
tank] Oh, it was Barclays, sorry
[tank] London though, we went to our banker's home, he has a terminal and everything, set it all up for us, B&B, air travel, car, etc.
[maple] So how could tank cash out but no one else has?
[tank] I don't know, there may be others, but I didn't ask during the deal.
angelbabies28] maple it was a deal between long standing customers and the bank
joyious] ugogirl I think it is up to the individual thinks. And I sorta agree with
.505Gibbs but you have to do what is best for you. not having things in your
house when being robbed doesn't guarentee that you will live through it
[mamari4] maple he cashed out with a UK bank that his family has done business with for generations. They negotiated a rate of $4 for now. It is a usual situation for most of us....
tank] We have lots of business with them, in the hundreds of millions, and were beginning two new projects so they want us to bring them the new accounts, and in doing so, that brought a few more clients for our banker. That's probably the
[miz dixie2] maple He didn't cash out per say, he made a personal arrangement between his bank and himself. It was a gentlemens agreement so to speak.
[wenmar] maple His family is second generation dealing with Barclays Bank in London and he has dual citizenship. The gave his family a deal like we have heard some banks may here.
[tank] Yes, $4.00, and that's final however the rate actually comes out. But we only cashed 1 mil IQD
tank] glad to share, keep a level head, look for those ministers to be announced and you'll see the fireworks.