GlockTalk.com
Home Forums Classifieds Blogs Today's Posts Search Social Groups



  
SIGN-UP
Notices

Glock Talk
Welcome To The Glock Talk Forums.

 
  
Reply
 
Thread Tools Display Modes
Old 11-08-2012, 13:12   #21
Glock20 10mm
Use Linux!
 
Glock20 10mm's Avatar
 
Join Date: Dec 2005
Location: Land of Idiots and Libtards
Posts: 14,585
Quote:
Originally Posted by Obi Wan View Post
IMO, this is one of the hidden elephants in the room and it's high time it got talked about.

I'm not so sure that 'going off the grid', completely, is such a bad idea...
It takes substantial capital to get there, but once off grid and set-up it's pretty easy. You have to make some adjustments but most are minor changes in habits.
__________________
Using Microsoft is like playing Russian roulette with an automatic pistol... the results are always messy
"The Constitution is my Law. The Declaration of Independence my bible. And Freedom my religion." - Me
Thick skin... a must in a free society.
Glock20 10mm is offline   Reply With Quote
Old 11-08-2012, 13:22   #22
ray9898
Senior Member
 
ray9898's Avatar
 
Join Date: May 2001
Location: Georgia
Posts: 17,496


I would cash it in any buy cans of Spam. The bartering ability when the sky falls will be amazing.
ray9898 is offline   Reply With Quote
Old 11-08-2012, 13:48   #23
Carrys
Inquisitive
 
Join Date: Dec 2006
Location: Green Country
Posts: 13,232
Quote:
Originally Posted by Mr.Reignman View Post
*Waits for the social security arguments*


Only two types of people in the US, those who want to drink the milk for free.......

........and the milk cows.


We have been shown which group is larger.


My only happy thought, one day.....maybe a long way off, I don't know....but one day the milk will dry up. Then our society will see the milk drinkers for the infection they are. I'll be gone, but I'll go understanding our society will eliminate the infection.

My job now......forget about my Country during the life I have left , I've sacrificed enough of my body, been wounded enough, and worked as hard as I could to prevent the change in paths we've taken. My job now is to ensure my family will/can make it when wqw turn into Greece, which we most certainly will. Can't go any other way now, can't.





Quote:
Originally Posted by HollowHead View Post
Eerily similar to those people who cashed in everything last year because some TV preacher said the world was ending... HH
How so?

In the one event people followed the direction of someone, someone they've learned to let lead them because they didn't want to lead themselves.

In this case it's one person wondering if he should do something he himself thought of.


Pretty weak reach there my man.
__________________
If Men Won't Even Obey Their Govt.......What Makes Anyone Believe They Will Obey Their God?

Men Seem To Think Their God Is Like Their Govt.......He Is Supposed To Give Them Things, Not Ask Anything Of them.

Last edited by Carrys; 11-08-2012 at 13:50..
Carrys is offline   Reply With Quote
Old 11-08-2012, 15:01   #24
walt cowan
Senior Member
 
walt cowan's Avatar
 
Join Date: Feb 2005
Location: absurdistan
Posts: 9,999
transfer it to an offshore account. iceland seems to have their banks in order.
__________________
the nsa was the first to read this post. eric was the second.
walt cowan is offline   Reply With Quote
Old 11-08-2012, 15:38   #25
unit1069
Senior Member
 
unit1069's Avatar
 
Join Date: Oct 2007
Location: So. Central US
Posts: 8,592
Quote:
Originally Posted by Flying-Dutchman View Post
I have a SEP IRA S&P 500 retirement account and after this election am thinking about taking the 10% hit plus tax and cashing it in.
Why can't you just sell the investment portfolio and keep cash (or cash equivalent) within the SEP IRA to avoid the penalty?
__________________
Rocket Scientist

Last edited by unit1069; 11-08-2012 at 15:38..
unit1069 is offline   Reply With Quote
Old 11-08-2012, 18:48   #26
briarpatch
Senior Member
 
briarpatch's Avatar
 
Join Date: Jan 2005
Posts: 520
I think a lot of people on both sides of the political isle have wondered about this. The answer seems to be.. do what you think best. If you ask you will get nothing.
The economy is not sound, neither is most other countries.
To me if your money is not safe where it is, would it be safe else where. I dont know.
briarpatch is offline   Reply With Quote
Old 11-08-2012, 21:03   #27
Flying-Dutchman
Senior Member
 
Flying-Dutchman's Avatar
 
Join Date: Oct 2007
Posts: 4,357
Quote:
Originally Posted by HollowHead View Post
Eerily similar to those people who cashed in everything last year because some TV preacher said the world was ending... HH
"It is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.

No need for money if the world ends so they didn't think it through.

My decision will not be emotion driven as I have stayed the course through ups and downs but I wonder about keeping it in 10-20 more years as I do not see this ending well.

And it will only get more costly to withdraw it in the coming years as the Government and its voters are hungry for money.
Flying-Dutchman is offline   Reply With Quote
Old 11-08-2012, 21:05   #28
Flying-Dutchman
Senior Member
 
Flying-Dutchman's Avatar
 
Join Date: Oct 2007
Posts: 4,357
Quote:
Originally Posted by briarpatch View Post
I think a lot of people on both sides of the political isle have wondered about this. The answer seems to be.. do what you think best. If you ask you will get nothing.
The economy is not sound, neither is most other countries.
To me if your money is not safe where it is, would it be safe else where. I dont know.
What to do with it is a problem. What is a safe bet anymore?
Flying-Dutchman is offline   Reply With Quote
Old 11-08-2012, 23:16   #29
MarinePride
Senior Member
 
MarinePride's Avatar
 
Join Date: Oct 2004
Location: Botetourt County, VA
Posts: 498


Quote:
Originally Posted by walt cowan View Post
transfer it to an offshore account. iceland seems to have their banks in order.
That's all good, but don't forget to file an FBAR with the treasury dept if it's over $10K in value. Penalties for not complying can be a ***** when they catch you.
MarinePride is offline   Reply With Quote
Old 11-09-2012, 06:55   #30
Lowjiber
Senior Member
 
Lowjiber's Avatar
 
Join Date: Jan 2012
Location: Las Vegas
Posts: 941
Let us know how that works out for you.
__________________
G'day and G'lock.

ΜΟΛΩΝ ΛΑΒE
Lowjiber is offline   Reply With Quote
Old 11-09-2012, 07:37   #31
ChuteTheMall
HildabeastHater
 
ChuteTheMall's Avatar
 
Join Date: Aug 2000
Location: Anti-Obamaville
Posts: 58,968


Quote:
Originally Posted by Flying-Dutchman View Post
What to do with it is a problem. What is a safe bet anymore?
I'll hold it for you.




Seriously, I also don't know what's safer: under the mattress until inflation returns and destroys it, or invested in any institution where the government will "borrow it."

I hope my after-tax Roth 401k will be safer than my traditional pre-tax 401k; that was the deal, anyway.

I'm tempted to take the sudden tax hit now and convert the balance to after-tax Roth, under the assumption that I can then live tax free when I retire. How naive is this?
__________________
"He said he fired a burst at the chest and if they didn't fall fast enough, he fired a burst at the face. He never needed to reload and had enough on board so if he missed a shot or two he could catch up in the fight. " -Gabe Suarez, 2008
ChuteTheMall is offline   Reply With Quote
Old 11-09-2012, 07:43   #32
sheriff733
NRA LIFE MEMBER
 
sheriff733's Avatar
 
Join Date: Nov 2007
Posts: 3,273
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
__________________
Sent with Probably Cause and Irrisputable Proof

"This isn't domestic abuse. This is hilarious!" -Peter Griffin
sheriff733 is offline   Reply With Quote
Old 11-09-2012, 07:50   #33
cowboywannabe
you savvy?
 
cowboywannabe's Avatar
 
Join Date: Jan 2001
Location: on a planet near you
Posts: 21,304
Quote:
Originally Posted by sheriff733 View Post
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
this. Germany is finding out what a poor holder of gold we are when they wanted to inspect their stash of it here and we denied them access to their own gold for "security reasons".
__________________
with Sarah Jane, Leela, Romana, Nyssa, and Tegan.

Facts are no match against enthusiasm and ignorance...
cowboywannabe is offline   Reply With Quote
Old 11-09-2012, 07:58   #34
Averageman
Senior Member
 
Join Date: Oct 2011
Posts: 2,012
Staying in my 401K and buying cheap, watched the market fall 400 in the last couple of days.
I dont need the money until 2025 so I have faith that after we collectively come to our fiscal senses I will be better off for staying in the game.
Averageman is offline   Reply With Quote
Old 11-09-2012, 08:17   #35
Longtooths
Senior Member
 
Longtooths's Avatar
 
Join Date: Jul 2007
Location: Wylie, Texas
Posts: 1,459
Send a message via ICQ to Longtooths
Quote:
Originally Posted by sheriff733 View Post
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.

Are you saying this because of how high it is now that it will only go down from here?
__________________
"In Texas...if ya' kill someone, were gonna kill ya' right back!!!"
~Ron White
Longtooths is offline   Reply With Quote
Old 11-09-2012, 13:57   #36
Glocksanity
Senior Member
 
Glocksanity's Avatar
 
Join Date: Feb 2012
Location: Los Angeles, Man, Los Angeles
Posts: 1,987
Quote:
Originally Posted by sheriff733 View Post
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
Wow. You really have no idea what is coming do you?

Tell me what asset class is going to outperform gold over the next decade then.
__________________
G21~G26~G30~G34

Sic semper evello mortem Tyrannis!
Glocksanity is online now   Reply With Quote
Old 11-09-2012, 13:58   #37
sheriff733
NRA LIFE MEMBER
 
sheriff733's Avatar
 
Join Date: Nov 2007
Posts: 3,273
Quote:
Originally Posted by Longtooths View Post
Are you saying this because of how high it is now that it will only go down from here?
Well, it's extremely high, yes, but who knows about the future price.

I say that because GOLD DOES NOT HAVE VALUE. That's right. It does not.

Let me explain.

Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.

Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value. When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.

It's all an illusion. Gold's value is not based on math. It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. I would advise you to do the same.

__________________
Sent with Probably Cause and Irrisputable Proof

"This isn't domestic abuse. This is hilarious!" -Peter Griffin

Last edited by sheriff733; 11-09-2012 at 14:02..
sheriff733 is offline   Reply With Quote
Old 11-09-2012, 14:12   #38
sheriff733
NRA LIFE MEMBER
 
sheriff733's Avatar
 
Join Date: Nov 2007
Posts: 3,273
Quote:
Originally Posted by Glocksanity View Post
Wow. You really have no idea what is coming do you?

Tell me what asset class is going to outperform gold over the next decade then.
Well, buy some gold then. In the short term, you may do ok. Long term you will lose your shirt.

But, do as you wish.




Posted using Outdoor Hub Campfire
__________________
Sent with Probably Cause and Irrisputable Proof

"This isn't domestic abuse. This is hilarious!" -Peter Griffin
sheriff733 is offline   Reply With Quote
Old 11-09-2012, 14:13   #39
Atlas
transmogrifier
 
Atlas's Avatar
 
Join Date: Oct 2001
Location: north of the equator
Posts: 14,864
Quote:
Originally Posted by sheriff733 View Post
...
Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.
...
Of course it is...


Quote:
Originally Posted by sheriff733 View Post
...
Gold's value is not based on math.
That makes no sense at all.


Quote:
Originally Posted by sheriff733 View Post
...
It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. ..
What in this world is worth other than what someone's opinion dictates? Isn't that what makes a market?


Quote:
Originally Posted by sheriff733 View Post
...
Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value
...
What isn't based on supply and demand?
What does not fluctuate in value?


Quote:
Originally Posted by sheriff733 View Post
..... When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.
...
Because human nature as demonstrated thru all of human history will have suddenly and totally changed?
__________________
June 28, 2012: the day the American republic died.

Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY

Last edited by Atlas; 11-09-2012 at 14:18..
Atlas is offline   Reply With Quote
Old 11-09-2012, 14:22   #40
Carrys
Inquisitive
 
Join Date: Dec 2006
Location: Green Country
Posts: 13,232
Quote:
Originally Posted by sheriff733 View Post
I say that because GOLD DOES NOT HAVE VALUE. That's right. It does not.

Let me explain.


I let you explain.

You came up short.

See ya.
__________________
If Men Won't Even Obey Their Govt.......What Makes Anyone Believe They Will Obey Their God?

Men Seem To Think Their God Is Like Their Govt.......He Is Supposed To Give Them Things, Not Ask Anything Of them.
Carrys is offline   Reply With Quote

 
  
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump




All times are GMT -6. The time now is 06:06.




Homepage
FAQ
Forums
Calendar
Advertise
Gallery
GT Wiki
GT Blogs
Social Groups
Classifieds


Users Currently Online: 979
236 Members
743 Guests

Most users ever online: 2,244
Nov 11, 2013 at 16:42