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Guest Post: Don’t Store Your Gold In The United States

Tyler Durden's picture




 

From Simon Black of Sovereign Man

Marc Faber: Don’t Store Your Gold In The United States

As usual, the CNBC hosts were completely dumbfounded.

Phoning in from Sao Paulo, Brazil, investment guru Marc Faber was a guest on CNBC last week, once again telling the unvarnished truth about the state of the world economy and bankrupt western nations.

This time, Faber had a very clear message: that everyone should own *physical* gold… and what’s more, they should store it outside of the United States:

I prefer if investors hold physical gold in a safe deposit box, ideally outside the US, in various locations… Switzerland, Singapore, Hong Kong, Australia, Canada… I think it’s important in today’s very uncertain world to diversify, not only the various asset classes… but also the custody of your assets should be in different jurisdictions.”

His hosts couldn’t believe it. -NOT- store in the United States, the bastion of freedom and security??!?! What lunacy!

CNBC: “Uh, so do you thus not trust US banks or US custodians? Do you think they might fail or abscond with the gold?”

Guffaws and incredulous snickers emerge from the hosts.

Faber: “I don’t trust anyone.”

Uncomfortable silence.

CNBC: “Hmmm. Interesting.”

Completely devoid of anything intelligent to say on the topic of sovereign diversification, they quickly changed the subject to talk about equities… but Faber soon came back to his original point.

Among other things, he mentioned that banks in Asia are FAR more stable and sound than they are in the west for not having invested so heavily in dead weight assets like Greek bonds or US mortgage-backed securities.

I couldn’t agree more.

This is a point I’ve been pounding on from day 1: internationalization, what I frequently call planting multiple flags, is absolutely critical to reducing your risk.

You won’t ever hear about it from the talking heads on state-sponsored media like CNBC. They refuse to look at the real world where America is no longer the center of the financial universe or the safest place to put money.
Truthfully, though, bankrupt nations like the United States pose the greatest risk of all to our prosperity and livelihood, regardless of whether we’re just starting out or have already achieved it.

This is because politicians will stop at nothing to maintain the status quo; the more they try to ‘fix’ things, the worse the situation becomes. They think they can borrow their way out of debt and spend their way out of recession. When these tactics don’t work, they just borrow and spend more.

In recent remarks during an official visit to Japan, Vice President Joe Biden said that China became the world’s second largest economy only because of US troop presence in Asia.

This line of reasoning only makes sense to a politician: China’s growth has nothing to do with its huge population, massive accumulation of savings, burgeoning technology, or culture of productivity… and everything to do with US military installations in South Korea, Japan, and Okinawa.

Such logic truly tests the patience of rational, thinking people, yet it exemplifies the kind of out-of-touch, mindless bureaucrat who is running the country.

Marc Faber has it absolutely right: entrusting the preponderance of your assets to these moronic sociopaths is a foolhardy endeavor. Own physical gold as a hedge against their idiotic fiscal policies, and store it overseas to make sure they can’t get their thieving hands on it.

Here in Austria, there’s a great secure storage facility in Vienna called Das Safe. You can rent a safety deposit box from them completely anonymously, and the box contents are insured for up to $50,000.

This is financial privacy at its finest… and if you want to take Marc Faber’s advice, you should definitely consider Das Safe. As an aside, Austria is also a great place to buy gold; you can purchase the gold ‘Philharmonic’ coin at almost every bank in the country at premiums as low as 3%.

If you’re serious about doing this, you should check out last month’s edition of Sovereign Man: Confidential. I covered a lot of detailed information about moving and storing gold overseas, including specialized contacts and obscure regulations that you need to know about.

 

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Thu, 08/25/2011 - 12:55 | 1600206 Earl of Chiswick
Earl of Chiswick's picture

Waiting for Roubini to weigh in

Hey Nouriel do you know any good Swiss jokes?

Thu, 08/25/2011 - 12:57 | 1600216 BaBaBouy
BaBaBouy's picture

What a Fecking JOKE:

 

Buffett tells CNBC's Becky Quick he dreamed up idea of $5b investment in Bank of America this week while he was taking bath... less than a minute ago via TweetDeck Favorite Retweet  CNBC

Thu, 08/25/2011 - 13:01 | 1600259 redpill
redpill's picture

And coincidentally right after Obama called him.

Thu, 08/25/2011 - 13:03 | 1600275 BaBaBouy
BaBaBouy's picture

Good point... That just came back to me now heard it somewhere ...

 

Hehehehe... this whole system has become a farce, where will it end?

Thu, 08/25/2011 - 13:09 | 1600298 BaBaBouy
BaBaBouy's picture

Just imagine.?.?.?.?.

 

Is This the Picture???Old man sitting in bathtub, dreaming of his Billions, jecking aff, thinks of a shitty place to put some $$$ billions ???

 

Thu, 08/25/2011 - 13:15 | 1600347 Doyle Hargraves
Doyle Hargraves's picture

It was probably a proxy for wanting to put his dick in a shitty place!

Thu, 08/25/2011 - 13:17 | 1600357 Herman Strandsc...
Herman Strandschnecke's picture

Hey, BaBaBouy - I reckon he was staring at the plughole Lol

Thu, 08/25/2011 - 13:24 | 1600399 Ausperity
Ausperity's picture

One bath leads to another...

Thu, 08/25/2011 - 16:45 | 1601529 Titus
Titus's picture

How much did the sovereign man get for pumping Das Safe?

Fri, 08/26/2011 - 01:29 | 1603044 monoloco
monoloco's picture

I prefer the bank of Tupperware.

Thu, 08/25/2011 - 16:50 | 1601546 FEDbuster
FEDbuster's picture

Poor investment decision making is what one does when you can't play submarine captain anymore.  "Up periscope!" and nothing happens. God damn it, now all I can do is fuck with the CEO of a bankrupt bank. So sad.....

Thu, 08/25/2011 - 21:15 | 1602379 Rottenclam
Rottenclam's picture

Wow, nice Radio Birdman avatar.  Now I get why your username is "Aus"perity.

As for Buffet, I honestly believe that this is the bizarro way of spending his wealth in his twilight years.  He sure as hell isnt interested in having lots of toys and giving his accumulated wealth to a bunch of bloodsucking family and friends that have not worked hard enough to earn it.

Some people play as much golf as possible before they die.  Some people watch as much TV as possible before they die.  I think the oracle of aromaha wants to be remembered as the guy that saved the US economy before he goes beneath the ground.

Thu, 08/25/2011 - 13:11 | 1600325 LongBalls
LongBalls's picture

The Gov. approached him during the last financial crisis to bail out the banks. Warren is officially now a blood sucking parasite who will feel a great wrath one day. I always knew this was the case but thought he might have an ounce of humanity in him. Not so.

Thu, 08/25/2011 - 13:44 | 1600532 Smiddywesson
Smiddywesson's picture

I'm not a psychologist, but I think Uncle Warren is clear on where he and his kind have led this country and is now trying to capitalize on its death to plow more money into his charity.  He must be feeling his years are numbered and he is trying to buy off God by doing more of the same.

In other words, he either is going into eternal oblivion or eternal Hell fire.  That's not a trade I would take.  Good luck Warren, you're going to need it. 

Thu, 08/25/2011 - 15:16 | 1601081 Calculated_Risk
Calculated_Risk's picture

yeah, kinda like hitler doing 10 hail mary's before he knocked himself off... sorry pal, damage is done.

Thu, 08/25/2011 - 13:15 | 1600351 Loose Caboose
Loose Caboose's picture

Right.  And if this move is to deflect the coming shitstorm in the markets due to the Bernank's soon-to-be disappointing speech offering no QE3 but maybe a plate of peas - it's like putting a bandaid on a torn artery.  Patient is dead. 

Thu, 08/25/2011 - 15:51 | 1601263 russki standart
russki standart's picture

Or perhaps after Obama finished servicing him..

Thu, 08/25/2011 - 20:23 | 1602223 ViewfromUnderth...
ViewfromUndertheBridge's picture

the prophet of the profit and earnings ratio...

Thu, 08/25/2011 - 20:30 | 1602248 ManOfBliss
ManOfBliss's picture

Actually they were in the bath tub together.

Thu, 08/25/2011 - 21:04 | 1602338 Buck Johnson
Buck Johnson's picture

Thats exactly what happened.  Obama couldn't get money to BAC without it showing that BAC needed govt. money for "what".  So until he can come up with another QE3 (won't work) or program in the very near future, he needed Buffet to invest in BAC to hold of the vultures for a little while.

Thu, 08/25/2011 - 13:02 | 1600272 Eagle Keeper
Eagle Keeper's picture

People that old don't bathe anymore....   long deoderant.

Thu, 08/25/2011 - 13:45 | 1600539 JohnG
JohnG's picture

It puts the deodorant in the basket.....

Thu, 08/25/2011 - 13:06 | 1600294 Don Birnam
Don Birnam's picture

Well, it isn't truly a "bathtub" as we non-octogenarians understand it. It is a special tub, for avuncular-facaded, eighty-something, ukulele-strumming billionaires who feel they do not pay enough in income taxes ( yet would not deign to cut a nine-plus-figure cheque payable to "Bureau of the Public Debt" ).

( CNBC [ female ] anchors sold separately. )

http://www.walkinbathtubsguide.com/images/man-in-walk-in-bathtub.jpg

Thu, 08/25/2011 - 13:24 | 1600402 MsCreant
MsCreant's picture

How many miles per gallon does that get?

Thu, 08/25/2011 - 15:44 | 1601227 Shirley Wilfahrt
Shirley Wilfahrt's picture

I bet Warren is hung like a tictac....

Thu, 08/25/2011 - 13:17 | 1600361 baby_BLYTHE
baby_BLYTHE's picture

Alan Greenspan is also famous for making important policy decisions while soaking in his bathtub playing with his rubber ducky


http://beginnersinvest.about.com/od/alangreenspan/p/aaalangreenspan.htm

Thu, 08/25/2011 - 13:27 | 1600420 Rodent Freikorps
Rodent Freikorps's picture

I was in the jacuzzi once when a couple of guys came by with an extention cord, and a toaster.

Their demands suddenly seemed quite reasonable.

Thu, 08/25/2011 - 13:54 | 1600598 Oh regional Indian
Oh regional Indian's picture

Hah! Funny. If there is one guy on this site who has me puzzled its the resident rodent. Spouting Latin, Italian, Arms Info, Dune Quotes and militia-talk Extreme Opinions....

Anyways, if a sizeable number of people are interested, I've discussed starting a physical silver storage facility here in India. The cost basis for secure (like Level V security) is pretty low and available.

India, in a SHTF scenario, would be pretty secure in a way that central forces are unable to police the vastness of it, literally and other-wise. Easy for the affluent to be locally safe. Totally safe.

If anyone is interested, you can always find me @ http://aadivaahan.wordpress.com

Also thought of a way where you can put x% of your store into a liquid fund for trading silver on a consnesus basis, locally. 

Through the appropriate secure networks, it can always be made available when and where needed. The concentration of it might bestow some unique "power" also.

More if anyone is interested.

Vivek

Thu, 08/25/2011 - 14:39 | 1600907 FeralSerf
FeralSerf's picture

Aren't there tax issues importing silver into India?  Seems I heard somewhere that Indians pay quite a bit more than spot for silver.

Thu, 08/25/2011 - 14:11 | 1600715 krispkritter
Thu, 08/25/2011 - 13:44 | 1600530 augmister
augmister's picture

Greenspan plays with his wife, Andrea Mitchell (Plastic Face) in the tub... can you ever imagine anything more UGLY???

Thu, 08/25/2011 - 14:20 | 1600787 ArgentDawn
ArgentDawn's picture

Isn't that how Doc dreamed up the Flux Capacitor? Oh wait no he hit his head on the toilet..

Thu, 08/25/2011 - 12:59 | 1600246 dollarcoaster
dollarcoaster's picture

PLus day & date....dials...

Thu, 08/25/2011 - 13:03 | 1600278 EscapeKey
EscapeKey's picture

Is it me, or does Roubini spend way more time on gold, than even the most hardcore gold bug?

Thu, 08/25/2011 - 13:59 | 1600627 Smiddywesson
Smiddywesson's picture

He is a paid gold troll.

Thu, 08/25/2011 - 13:51 | 1600566 Whalley World
Whalley World's picture

My dog has more credibility on gold than "the Roub"  the mutt never said that gold would never trade above $1,100.

Thu, 08/25/2011 - 12:56 | 1600209 BaBaBouy
BaBaBouy's picture

Thu, 08/25/2011 - 13:08 | 1600304 Popo
Popo's picture

 

 

Among other things, he mentioned that banks in Asia are FAR more stable and sound than they are in the west for not having invested so heavily in dead weight assets like Greek bonds or US mortgage-backed securities.

 

 

I couldn’t agree more.

 

 

Another instance of Simon "Uninformed" Black reaching into his ass for advice.    "Banks in Asia"? 

Ok, Singapore, yes.   The banks there are sound.

But "Asia"?  As in China?  Oh hell no.   

 

 

 

 

 

 

Thu, 08/25/2011 - 13:29 | 1600439 I Told YOU So
I Told YOU So's picture

you continue to bash simon at every turn, while he gives constructive advice for free just for the asking what do you give except mouth shit.

Thu, 08/25/2011 - 14:08 | 1600681 JW n FL
JW n FL's picture

Renminbi ='s 1,200+% Leverage, before the ink dries on the note.

China's GDP / Debt is carried by 10% Growth.. Building 6 to 10 EMPTY CITIES A YEAR!

so.. as far as Mark pitching gold.. to continue pressure.. to benefit from the swings? No Brainer.

Thu, 08/25/2011 - 12:55 | 1600213 spiral_eyes
spiral_eyes's picture


Faber: “I don’t trust anyone.”

Uncomfortable silence.

CNBC: “Hmmm. Interesting.”

LOL

Thu, 08/25/2011 - 13:04 | 1600287 redpill
redpill's picture

It really was priceless.  You can almost hear the little momo-loving hosts roll their eyes at the "crazy doomer."  Just wait until Bernank doesn't give them anything tomorrow and they'll be peeing their pants and getting a safety deposit box in Singapore like Faber told them to.

 

Thu, 08/25/2011 - 14:20 | 1600744 akak
akak's picture

For the last time already (and also for Simon Black, who made the same linguistic mistake, as do so many others), it is called a "SAFE deposit box" --- you know, a box in which to make safe deposits --- not a "safety deposit box".  I am quite certain that it is not possible to deposit safety in a box.

Thu, 08/25/2011 - 14:35 | 1600875 MrPoopypants
MrPoopypants's picture

For all intensive purposes, a safety deposit box will work just fine.

Thu, 08/25/2011 - 14:43 | 1600926 akak
akak's picture

You may take it for granite, but I could care less.

Thu, 08/25/2011 - 15:18 | 1601091 Boba Fiat
Boba Fiat's picture

Irregardless, your point is mute.

Thu, 08/25/2011 - 15:29 | 1601149 akak
akak's picture

And just who aksed you?

Thu, 08/25/2011 - 15:36 | 1601189 Boba Fiat
Boba Fiat's picture

Needless to say, that's a whole nother question, but I won't be your escape goat.

Thu, 08/25/2011 - 15:48 | 1601250 Shirley Wilfahrt
Shirley Wilfahrt's picture

Is Shirley gonna hafta chokabitch?

Thu, 08/25/2011 - 15:55 | 1601278 Boba Fiat
Boba Fiat's picture

That was so funny I literally died.

Thu, 08/25/2011 - 16:23 | 1601427 akak
akak's picture

And dat's da troof!

Fri, 08/26/2011 - 02:00 | 1603095 Sokhmate
Sokhmate's picture

This mini thread made my day.

Fri, 08/26/2011 - 22:07 | 1606444 Xavier Doe
Xavier Doe's picture

Me two - which pacific comment is your favorite?  (I couldn't make up my mind but then I took a different tact and just picked one out of a hat, eeny meeny miney moe-style...)

Sun, 08/28/2011 - 18:05 | 1610056 Sokhmate
Sokhmate's picture

All of them as I could swear I've heard them all being used by real people. It's all same difference anyway.

Thu, 08/25/2011 - 13:09 | 1600310 caerus
caerus's picture

doom!

Thu, 08/25/2011 - 13:12 | 1600329 tarsubil
tarsubil's picture

If things are really this bad, forget gold, I'm buying distilling and brewing equipment.

Thu, 08/25/2011 - 13:33 | 1600472 Missiondweller
Missiondweller's picture

Homebrewing is a blast. I would imagine it would be a popular skill in a post disaster world assuming you have the grains.

Fri, 08/26/2011 - 00:40 | 1602974 StychoKiller
StychoKiller's picture

Honey (for mead) is a good substitute.

Thu, 08/25/2011 - 14:04 | 1600651 caerus
caerus's picture

5 gal per batch...best hobby ever

Thu, 08/25/2011 - 14:27 | 1600834 A Lunatic
A Lunatic's picture

A blow up doll and a huge bag of coke would also be good investments.

Thu, 08/25/2011 - 14:01 | 1600634 Smiddywesson
Smiddywesson's picture

CNBC, advice that you can trust...to be wrong.

Thu, 08/25/2011 - 12:55 | 1600214 UGrev
UGrev's picture

I entrust my pm's to mr. Smith and mr. Wesson..

Thu, 08/25/2011 - 12:58 | 1600231 Manzilla
Manzilla's picture

Mr m240 for me. Nothing like fully auto and a 200rd box to keep it safe.

Thu, 08/25/2011 - 12:59 | 1600243 UGrev
UGrev's picture

I hate you.. :)

Thu, 08/25/2011 - 13:44 | 1600529 Careless Whisper
Careless Whisper's picture

you guys are clearly amateurs.

take it up a notch like "the professional russian"

http://www.youtube.com/watch?v=WOoUVeyaY_8

 

Thu, 08/25/2011 - 14:02 | 1600637 UGrev
UGrev's picture

Mr. Smith and Mr. Wession just flowed sooooo much better than "I bought my own professional Russian".. 

Thu, 08/25/2011 - 17:12 | 1601630 espirit
espirit's picture

How about the Mister and Misses?  Like Mr. Smith & Lady Smith.

Thu, 08/25/2011 - 13:01 | 1600262 fyrebird
fyrebird's picture

The police will kill you and your entire family.

Thu, 08/25/2011 - 13:16 | 1600352 tarsubil
tarsubil's picture

My guess is that they'll be too busy with rioters to spend tactical units on bunkered gold bugs.

Thu, 08/25/2011 - 13:21 | 1600385 fyrebird
fyrebird's picture

Maybe. ATF, not so much. They'll get the gold job and send out their Xe confederates fresh from Iraq to do the wet work for a simple cut of the take.

You think I'm kidding. Think again.

Thu, 08/25/2011 - 13:35 | 1600482 tarsubil
tarsubil's picture

The government does not work like that. Think path of least resistance. Think easy and lazy. The poster mentioning 401ks and IRAs understands how the government works.

Thu, 08/25/2011 - 13:37 | 1600500 Turkey
Turkey's picture

+1 on the reality that our govt always has bigger guns.  You vs them you lose.

Thu, 08/25/2011 - 14:48 | 1600941 FeralSerf
FeralSerf's picture

Why so?  The rioters don't have any money and when you're not getting paid thanks to the lack of tax collections, it's time to "go for the gold".  The first "officer" that gets there gets paid.

Thu, 08/25/2011 - 13:33 | 1600473 Rodent Freikorps
Rodent Freikorps's picture

Make the local LEOs your friends.

If the Feds can find it, they can have it. It would mean I sucked so bad at planning, I don't deserve to keep it.

Thu, 08/25/2011 - 13:12 | 1600280 Eagle Keeper
Eagle Keeper's picture

Springfield 1911A1 45ACP

"NM" prefix.....   (National Match)

Thu, 08/25/2011 - 13:12 | 1600331 HellFish
HellFish's picture

X 3 + (AR-15 *2) + 12ga + ...

Thu, 08/25/2011 - 13:22 | 1600394 Eagle Keeper
Eagle Keeper's picture

Paid $140 for it in 1994.  I figure there has been a goo bit of inflation on these things. Probably better than gold....

Thu, 08/25/2011 - 14:05 | 1600664 Bam_Man
Bam_Man's picture

Paid $895 for my M1911 Nark IV Series 80 (Stainless Steel) in 2005.

Best sidearm of all time and a bargain at any price.

Thu, 08/25/2011 - 19:47 | 1602106 European American
European American's picture

"Best sidearm of all time" 

In the land of many guns, such statements need a sounder qualification. Could you come up with a more telling adjective for "Best"?

I'm assuming your M1911 Nark IV is really a Mark IV. Not that I have anything against that particular weapon (had one), but from my present personal experience the only handgun with Mark in the name that might be considered best would be the HK Mark 23.  Because of it's exceedingly high reliability ("one of the most thoroughly tested handguns in history"), unequaled durability and superior match grade accuracy (the only drawback being a somewhat excessive size, weight and price), I wouldn't leave home without it. 

 

As neofeudalism gains more leverage into our daily lives in America, in preparation for this life-style change, buy the most dependable, durable, effective and influential tools for the job. What's that idiom? "You get what you pay for?" or was it "you can pay me now or pay me later?"

 

Bottom line - get a gun for the job, lot's of ammo and learn how to use it properly.

Thu, 08/25/2011 - 13:10 | 1600320 midtowng
midtowng's picture

That's how I think too. I don't own physical gold to store it on the other side of the world. Who says I will be able to get to it when I need it? How will I be able to do anything about it if I need to change its location quickly?

Thu, 08/25/2011 - 13:17 | 1600360 Vergeltung
Vergeltung's picture

three AK-47s, and a S&W M&P 40.  :-)

 

Thu, 08/25/2011 - 13:36 | 1600490 Rodent Freikorps
Rodent Freikorps's picture

I lost all my weapons in a tragic boating accident years ago.

Thu, 08/25/2011 - 14:00 | 1600626 Shell Game
Shell Game's picture

I like the six degrees of separation approach..  ;)

Thu, 08/25/2011 - 14:03 | 1600641 A Lunatic
A Lunatic's picture

I'm terribly sorry for your loss. This hits me especially hard as I will be going boating soon.

Thu, 08/25/2011 - 14:42 | 1600922 Rodent Freikorps
Rodent Freikorps's picture

You should invite your ex-wife. Twofer.

Thu, 08/25/2011 - 14:51 | 1600962 Shell Game
Shell Game's picture

Sometimes I just have to add your thoughts to my To Do list.  lol!

Thu, 08/25/2011 - 13:31 | 1600452 Sudden Debt
Sudden Debt's picture

Rolling bearings actually said the best sollution. If it would ever become a serious problem, just melt it into a 2 inch cilinder bard, spray paint it, and use it as a fencing pole in your yard or something else that doesn't attract attention.

 

Thu, 08/25/2011 - 14:09 | 1600701 Smiddywesson
Smiddywesson's picture

That would destroy some of its value.

  1. Unbolt the corner post of your deck
  2. Dig out the post
  3. Smash the cement footer or cut it flush
  4. Bury the PMs
  5. Replace the post
  6. Pour 1" of concrete over it.

Find that.

Thu, 08/25/2011 - 14:30 | 1600848 Sudden Debt
Sudden Debt's picture

It would only happen in the worst case scenario you know :)

I'd cry my eyes out if I had to melt them and don't even know if I would get it over my heart because I love my bullions :)

 

A waterproof box poored into concrete and put 1 meter below ground may indeed be better :)

At 5 different locations.

Thu, 08/25/2011 - 14:53 | 1600969 FeralSerf
FeralSerf's picture

Gold shows up particularly well with metal detectors.

If you want to bury it, bury an old Sherman tank, battleship or D-9 on top of it. They probably won't think to look underneath.

Thu, 08/25/2011 - 14:38 | 1600902 SilverRhino
SilverRhino's picture

Another idea ... just melt it down and cast it into 12 in spikes railroad ties .... and start a garden / yardwork project.  

Thu, 08/25/2011 - 15:22 | 1600975 Esso
Esso's picture

There's a lot of ways to hide PMs. You could glue it in PVC and drop it in a fence post. The post thwarts metal detectors. You want to hide it high or low. Goobs are lazy, they don't like bending over or climbing ladders. You could install false ductwork or plumbing. Utilize the kickspace under cabinets. Utilize wall cavities. You can install old work electrical boxes to use as a hiding space. Hollow out lumber and make it look like existing framing, cabinet supports, etc. Do a search for "diversion safes" for other ideas. The best hiding place is in plain sight. You want someone to be able to look right at it, and dismiss it.

You also don't want all your eggs in one basket. Spread it around. If you bury it, you want to bury it deep. You might want to consider burying an old can or a brake rotor well above it just below the surface. Someone with a metal detector will dig up the dummy and probably move on. Consider some sacrificial metals. Get a cheap wall safe or floor safe that's meant to be found. If someone finds your sacrificial stash, they'll most likely stop their search once they think think they found your goods. Do all the work yourself unless it's someone you can REALLY trust. If you're working outside, do it under the guise of planting trees, gardening, etc.

Thu, 08/25/2011 - 15:32 | 1601159 akak
akak's picture

"Midnight gardening", bitchez!

Thu, 08/25/2011 - 16:14 | 1601387 pods
pods's picture

I have always liked this maxim:
Two people can keep a secret if one of them is dead. 

 Do all the work yourself unless it's someone you can REALLY trust.

pods

Thu, 08/25/2011 - 14:04 | 1600647 Smiddywesson
Smiddywesson's picture

I won't tell you who I entrust my gold to, but his initials are P.V.C.

Even in death, it's all mine!

Thu, 08/25/2011 - 12:56 | 1600218 doomandbloom
doomandbloom's picture

but...but...Roubini says...we are over levered on gold and gold is in a  bubble..and.. and ...some other crap... ( i think i can hear him weeping in the corner)

Thu, 08/25/2011 - 12:58 | 1600230 UGrev
UGrev's picture

It puts the gold bugs in the basket or else it gets the hose again.. 

Thu, 08/25/2011 - 13:15 | 1600350 Gubbmint Cheese
Gubbmint Cheese's picture

lol

Thu, 08/25/2011 - 14:12 | 1600722 Smiddywesson
Smiddywesson's picture

Running though the night with the sole gold eagle I could save, I could still hear the gold bugs screaming.

Thu, 08/25/2011 - 12:56 | 1600219 glokk26L
glokk26L's picture

For those of us that don't have a passport (and from what I understand if you don't have one already, it's not getting easier to obtain one)......

hideys in multiple locations would be a good idea.

Thu, 08/25/2011 - 16:04 | 1601335 PhattyBuoy
PhattyBuoy's picture

Are you an illegal alien ...?

Thu, 08/25/2011 - 12:57 | 1600222 Manzilla
Manzilla's picture

I prefer to keep mine in my vault next to my m240, etc and ammo.

Thu, 08/25/2011 - 13:03 | 1600276 fyrebird
fyrebird's picture

When they come, just give them the gold. If you pull a weapon on the police they will kill you and your entire family.

Thu, 08/25/2011 - 13:13 | 1600333 HelluvaEngineer
HelluvaEngineer's picture

Soo...I take it you're a cop.  You can have my weed and my wallet if you let me go.

Thu, 08/25/2011 - 13:13 | 1600336 midtowng
midtowng's picture

They aren't going to "come for your gold". They didn't in the 1930's. They only went after gold in safety deposit boxes.

   The cops coming to your home looking for gold isn't even an option.

Thu, 08/25/2011 - 13:20 | 1600378 tarsubil
tarsubil's picture

Yeah, they are going to search my entire home and property? Have fun guys! The man hours needed would cut greatly into the profits. If the excuse that I sold it on craigslist for a loss is effectively true, this is a total waste for them.

Thu, 08/25/2011 - 13:56 | 1600607 BayAreaAlan
BayAreaAlan's picture

They did not come after safe deposits either.

Not to say they won't next time.

http://en.wikipedia.org/wiki/Executive_Order_6102

Examination of the actual Executive Order as issued shows that this text never appears in it. In fact, safe deposit boxes held by individuals were not forcibly searched or seized under the order, and the few prosecutions that occurred in the 1930s for gold hoarding were executed under different statutes. One of the few such cases occurred in 1936 when the safe deposit box of Zelik Josefowitz, who was not a U.S. citizen, containing over 10,000 troy ounces (310 kg) of gold was seized with a search warrant as part of a tax evasion prosecution.[11] In 1933 approximately 500 tonnes of gold were turned in to the Treasury "voluntarily" at the exchange rate of $20.67 per troy ounce.[12]

What is more likely is that they criminalize possession and pay rewards to your neighbors to rat you out.

Which reminds me to remind you to read http://johngaltfla.com/wordpress/2011/07/18/the-day-the-dollar-died-now-...

Hat tip O'l Remus.

Wed, 12/21/2011 - 22:54 | 2003258 Papasmurf
Papasmurf's picture

IF you think a safe deposit box is secure you have not read anything about banksters lately.

Thu, 08/25/2011 - 14:25 | 1600819 akak
akak's picture

Dammit, it is called a SAFE deposit box, not "safety"!

This is as bad as all those idiots who mindlessly repeat the phrase "I could care less".

Thu, 08/25/2011 - 14:42 | 1600924 MrPoopypants
MrPoopypants's picture

Looks like someone hasn't read The Language Instinct by Steven Pinker.

We libertarian minded folk give not a whit for prescriptive grammar squeezed out the schoolmarm's teat. Natural grammar follows its own path.

Thu, 08/25/2011 - 14:46 | 1600935 akak
akak's picture

Au contraire, my soiled trousers friend --- language is a tool, and like any other does not work well, or at all, when used incorrectly.  I am as libertarian as anyone, but it is illogical and a complete non sequitor to therefore believe that proper grammar is meaningless.  That kind of thinking, I submit, is just part of the dumbing-down and erosion of all standards so prevalent in decadent American society today.

Thu, 08/25/2011 - 14:59 | 1600991 blueRidgeBoy
blueRidgeBoy's picture

lighten up, Francis.

Thu, 08/25/2011 - 20:25 | 1602235 Hulk
Hulk's picture

You have a long road to hoe on this subject, akak!

Thu, 08/25/2011 - 23:28 | 1602815 akak
akak's picture

I never shy away from some good ho-ing!

Thu, 08/25/2011 - 13:29 | 1600440 spartan117
spartan117's picture

What gold?  Roubini told me to buy spam.

Thu, 08/25/2011 - 14:36 | 1600891 firefighter302
firefighter302's picture

Hey fyrechicken. 

I wanted to thank you again,. for all the lunch money you gave me over the years.

I see you're still living in fear.

LOL !!!

 

Thu, 08/25/2011 - 13:12 | 1600327 Sig Sauer
Sig Sauer's picture

don't you worry about the corroding effects of your gun cleaning solvents on your PM's?  heard the vapors will pit PMs.

I keep mine separated.

Thu, 08/25/2011 - 12:57 | 1600227 glokk26L
glokk26L's picture

smith, wesson, gaston, kalashnikov.....

Names to be trusting precious metals with.

Thu, 08/25/2011 - 12:59 | 1600247 Flakmeister
Flakmeister's picture

My name is Lead,

Remington Lead....

Thu, 08/25/2011 - 13:00 | 1600250 fyrebird
fyrebird's picture

They'll come for your gold, kill you and your entire family, and leave a crater where your bunker used to be.

People. This is not Fantasy Island. They will kill your ass if you do not give them your gold.

Thu, 08/25/2011 - 13:01 | 1600261 UGrev
UGrev's picture

They can't kill us all. 

Thu, 08/25/2011 - 13:04 | 1600282 fyrebird
fyrebird's picture

But they can kill most of you. I don't like the odds.

Thu, 08/25/2011 - 13:10 | 1600317 pods
pods's picture

Well, then bend over and give them your gold.

pods

Thu, 08/25/2011 - 13:13 | 1600335 goldfreak
goldfreak's picture

is this the new troll scare tactic?

Thu, 08/25/2011 - 13:42 | 1600520 Rodent Freikorps
Rodent Freikorps's picture

More like trying to bait some moron into making a specific threat.

Thu, 08/25/2011 - 14:56 | 1600833 akak
akak's picture

Fyrebird, we will kill all the cops, then we will kill you.

Happy now?

 

 

(PS: That was intended as a joke.  Not that I wouldn't gladly take a dump inside the shattered skull of a troll, abject coward and/or kneejerk surrender monkey like this Fyrebird.)

Thu, 08/25/2011 - 13:23 | 1600396 tarsubil
tarsubil's picture

LOL, not in my neck of the woods. Most of the cops are on my side. Not sure they are going to start gunning down civilians to collect gold for the master. In New York? Maybe.

Thu, 08/25/2011 - 14:39 | 1600904 Flakmeister
Flakmeister's picture

The cops won't (even in NY)... but the Mercs hired by Blackwater and the like will have no issues about such things... 

Thu, 08/25/2011 - 15:30 | 1601150 tarsubil
tarsubil's picture

I have friends there too. Go to one of their trainings. Get out and network, buddy.

http://www.ustraining.com/new/Moyock/schedule.asp

Thu, 08/25/2011 - 13:26 | 1600413 Bastiat
Bastiat's picture

Then who will pay the taxes?

Thu, 08/25/2011 - 13:42 | 1600525 A Lunatic
A Lunatic's picture

Sounds like some here have already buried their balls in a coffee can somewhere.

Thu, 08/25/2011 - 17:19 | 1601676 Hapte
Hapte's picture

I hope they kill you.

Thu, 08/25/2011 - 14:57 | 1600980 Long-John-Silver
Long-John-Silver's picture

and the ones they don't kill will be highly motivated

Thu, 08/25/2011 - 13:06 | 1600296 Bullionaire
Bullionaire's picture

What gold?  No gold here.  Sorry.

 

:-)

 

 

Thu, 08/25/2011 - 13:11 | 1600321 fyrebird
fyrebird's picture

That's the spirit.

Listen people, you need to think this through. You know I'm right so stop waving your dicks around like nothing matters and start to think very clearly about life under martial law.

Thu, 08/25/2011 - 13:21 | 1600387 Doyle Hargraves
Doyle Hargraves's picture

"...think very clearly about life under martial law."- I often do think of life under martial law because it is coming to a town near you. I also think about what I have seen in Iraq, Afghanistan, lessons from Vietnam, and so on. I think, damn a bunch of recently unemployed vets who are still very close to one and other, watching their country turn into a police state, just bear witness to the two of the greatest guerilla campaigns fought in history (Iraq, Afghanistan), all are very familiar with the successful tactics employed, hmmm. Yeah I think about martial law.

Thu, 08/25/2011 - 13:32 | 1600459 Comay Mierda
Comay Mierda's picture

it may not just be US troops enforcing martial law.  when the North American Union comes into effect, you'll get NATO troops knocking on your door

Thu, 08/25/2011 - 13:45 | 1600538 Doyle Hargraves
Doyle Hargraves's picture

Even better, don't have any compunction about killing foreigners rather than fellow 'mericans. Besides probably have them (UN) blue beret forces rather than NATO, which stand out really well in a crowd!

Thu, 08/25/2011 - 15:01 | 1601009 FeralSerf
FeralSerf's picture

Lincoln proved that Americans have no problem with killing fellow Americans. Just call them "terrorists", "rebels", "communists", "atheists" or some-such.

Thu, 08/25/2011 - 15:24 | 1601118 Doyle Hargraves
Doyle Hargraves's picture

Lincoln was a cowardly tyrant and responsible for a good bit of where we find ourselves today, I mean he after all employed the first iteration of the patriot act. I doubt today those damned yankees would even bother trying to fight a war against the Confederacy, especially given the fact that they are out-gunned and have little in the way of industrial production thanks to the unions. Unfortunately, the feds have made every state's survival contingent on receiving their cut of the heist (taxes) from dc every year. However, when that finally collapses because it has to, Confederates will be back in business and I doubt anyone will have the will to stop them this time, IMHO. Josey Wales, Bitchez!

Thu, 08/25/2011 - 22:33 | 1602642 Rodent Freikorps
Rodent Freikorps's picture

I served in the armed forces of the USA.

Looking around today at the pathetic thing that once was the USA, I can't think of a single reason to do it again.

I lost friends defending America from the commie threat.

What a sick joke that seems today.

Fri, 08/26/2011 - 03:16 | 1603135 Doyle Hargraves
Doyle Hargraves's picture

Good reason to serve defending the new confederacy from the USA's overreach!

Fri, 08/26/2011 - 15:06 | 1605179 Turkey
Turkey's picture

What is missing from today's USA that was present in yesterday's USA?

Fri, 08/26/2011 - 15:32 | 1605262 akak
akak's picture

Responsibility .... accountability .... integrity .... public spirit ..... long-term thinking ..... sanity .... a larger measure of freedom ..... shall I go on?

Fri, 08/26/2011 - 15:35 | 1605289 Turkey
Turkey's picture

I'm less certain it was always there.  A common theme with you old guard folks is morality has gotten worse.  500 years ago people were drowning witches that didn't float.  80 years go the central banking system we all know and love so much was launched.

I do believe patriotism and nationalism have declined, it appears as if we have made greed a value, when once it was a vice.  Unfortunately the quickest example I can provide of the decline in patriotism is your post, and greed is not abhorred around here.

While I am not military, my father and both his brothers are, and I have never heard words like yours come from their lips, and their as old and bitter as the next right winger, but they don't scorn their neighbors like you have.

Fri, 08/26/2011 - 15:50 | 1605335 akak
akak's picture

Yes, it is a demonstrable fact that "morality" has gotten worse during my lifetime --- and during the lifetimes of my father and grandfathers before me.  The fact that each generation for the last several generations has been able to say the same thing does not make the degeneration of our society, our liberties and our morality over at least the last 100 years any less of a fact.

As for patriotism, I have no use for it, at least not the kneejerk and blind nationalism that defenders of the status-quo like to equate it with ---- "rallying around the flag", "my country right or wrong", etc.

As for the modern-day American military, they are overwhelmingly defenders of a corrupt, aggressive, imperialistic and morally reprehensible foreign policy, whether they acknowledge that fact or not, and are vastly more about OFFENSE than they are about DEFENSE.  They are little more than cannon-fodder and useful fools for a sociopathic power elite, and I have nothing but disdain and contempt for those who would willingly serve such a role.

Now go sing the Star-Spangled Banner with your hand over your heart while facing the nearest flag --- because, you know, you are so "patriotic".

Sat, 08/27/2011 - 00:45 | 1606768 Turkey
Turkey's picture

Please demonstrate the fact that in the past 100 years mankind, or the average American's morality has gotten worse.  Anyway you want to demonstrate that fact, I'm listening.  As far as I can tell man has been as immoral as ever our entire recorded existance on the planet.  I figure our entire moral base, religon, anecdotes, sayings, morals and commonly accepted mores were created by groups in response to the experience of thousands of generations of our base instincts.  Don't kill, steal, cheat, etc.  The early bird gets the worm.  You shall reap what you sow.  All lessons learned over generations of mankind living on earth, with the birds and the bees, and other men.

While America has been conned into attacking others, overturning other governments, and an endless list of activities boiling down into mass murder, this isn't new.  Please see European, Asian, pre-white boy South American history...really most places on earth.  There are exceptions, but they are small, and they sadly get swallowed by their militaristic neighbors.

The biggest reason I appreciate patriotism is because it (should) dictate and appreciation for one's nieghbor.  If your on our side of the line (national border), you are with us, we are on the same team.  This one man is an island shit is too stupid to argue on this site anymore.  If that's your belief fine.  Go live alone in the woods with all the shit you bought made by other people in factories hundreds of miles away.  I'm sure your handy enough to do everything doctor farmer plumber man.

I detest the lack of respect for the people in your immediate surroundings.  For your nieghbors.

Upon re-reading your writings I doubt we dissagree on this.  I mis-interpreted "Looking around today at this pathetic thing that was the USA".  I appreciate your defense of proper grammer and language use, it's important.

That said, I'm not convinced your interpretation of history is correct, nor am I convinced that America's morality is going down the drain.  I'll point to slavery, seeing as it was such a non-factor in the civil war and all.  The endless sink of morality is garbage old people say who haven't taken a history class in too long.  It's always getting worse, except for the fact that we don't physically torture people to force them to work.  Apparently America now tortures people for fun (security!), but not to work.  At least not legally.

As for anyone's right to scecede any time they feel a slight.  Not convinced.  Those rules apply to your teenagers too?

I'm more ears than anyone else here on the worst comment section in the internet.  Prove to me our morality has declined.  A statistic, more than one would be good.  We all like numbers here.

Sat, 08/27/2011 - 00:51 | 1606774 Turkey
Turkey's picture

And I mis-attributed a quote to you that wasn't you.  Pardon. 

Fri, 08/26/2011 - 15:08 | 1605188 Turkey
Turkey's picture

Step it up South.  Start your own currency and secede.  I'm sure the South West will be fine without water.  The South East will be fine, although I'll give you 30 years before you're outbread by the Mexicans, then we can just conquer your ass again.

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