"She had depended on the gold coins for her retirement"

Discussion in 'Bullion Investing' started by medoraman, Jun 12, 2014.

  1. medoraman

    medoraman Supporter! Supporter

    Heck, I have three family members that I know about that had their children, (as grown adults), steal their coins. My aunt had a large stash of silver dollars that she brought home from vegas in the 60's. I never had a chance to really look over them since before I was ten her adult son had taken all 500 of them and sold them for $1.20 a piece to buy pot.

    I am just saying its an extremely common story, at least with my family. :(
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I'm glad that this thread lasted 2 pages until it became the "if you don't hold it you don't own it" vs the dudes that are in love with the bankers.

    I believe that's real progress.
     
    Gnomey likes this.
  4. medoraman

    medoraman Supporter! Supporter

    "I'm glad that this thread lasted 2 pages until it became the "I am terrified of something that has never happened will happen any minute" vs the dudes that pragmatically look at the odds and decide pm at home is a bigger risk than in a secure vault.

    I believe that's real progress."

    Fixed that for you there Peace. :)
     
    Gnomey and Jwt708 like this.
  5. longnine009

    longnine009 Darwin has to eat too. Supporter

    Medoraman: Why would I be scaring innocents for decades to come? That's never happened before so it shouldn't happen now, right? //// You collect ancients don't you? Tell me about the Roman armies. Is it true that they sacked their own cities to pay their pensions? And if it is true, did that ever before in Rome's history?
     
    Last edited: Jun 16, 2014
  6. medoraman

    medoraman Supporter! Supporter

    Sack their own cities to pay their pensions? No, I have never heard of Roman armies being allowed to sack a roman city to pay for their pensions. Please cite a source if you have one. Back then soldiers were allowed to carry off spoils of war from sacked cities, but those were cities that were at waar with Rome, not Roman cities.

    What I meant about the decades sir is the exact same advise was being given to people at least as early as the mid 70's that I am personally aware. So, anyone taking that advice then would have risked for 40 years a burglary or druggie kids stealing their collection. I simply believe this is too high of a risk to take versus the very theoretical possibility that the government, for way less than 1% of the national debt, decides to simply steal millions of Americans personal possessions. Washington is smarter than that. They know they simply can raise tax rates to steal from us, they do not need to steal grandma's jewelry. Its never happened sir, ever, in this country even when Washington made gold ownership illegal. If they didn't do it then, why are people so worried about it now?

    Btw Peace, I am not a bank lover at all. If a private company provided safe deposit boxes, I would prefer to deal with them personally. I simply haven't found any locally. I simply chose as a place to keep my valuables a vault across the street from the police station that has really good security. Yes, it happens to be a bank.
     
  7. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Your version is lame, it takes 2 opposing points of view, and stating yours only is very, very lame. Just because it hasn't happened before doesn't mean it never will.
     
    Gnomey likes this.
  8. medoraman

    medoraman Supporter! Supporter

    Lol, so was yours. I made mine basically the same lameness as your own.

    Yes, something that has never happened can happen. but don't you believe sir that the fact that it has never happened speaks to its probability of happening? I mean, anything COULD happen, but is that a way to live a life? Live in fear of anything that could possibly happen?

    Its just me, but knowing people are robbed every single day, probably every single hour, I simply view as too high a risk versus a very improbable event that has never happened in our history.

    To each his own. I just hope those who advocate storing pm at home are comfortable explaining to people who have been robbed why they are still right. I will be right here if the US government ever impounds all sdb's saying I was wrong.
     
  9. mikem2000

    mikem2000 Lost Cause

    No sir, it is the same at all. Chris has laid out his opinion and has backed it up with an argument. So far, yourself and longline have only stated. "Well it could happen" That does us no good at all. If you really believe SBD's are unsafe, at least make an attempt to lay out a scenario that can support your point of view. Try to explain how the odds are higher that the government will steal your PM than your neighbor or family. If you cannot do that, then you have to realize that your case is weak. The last time I asked a stacker type to support his claim, I was told, he didn't have to explain it to me. While that is true, even you have to admit that is lame. I mean what is the point of the forum. So, if you and Longnine have a case, let's hear it. If not, give it a rest.
     
  10. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I'm going to stay in the middle, but nice try... I didn't lay out a case, and I won't, so just stop and move along...
     
  11. mikem2000

    mikem2000 Lost Cause

    Really, would you like take back the following statement That does not sound like staying in the middle to me. So I will ask again, can you make your point or admit you case is weak.....

     
  12. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Well, shillboy, you might want to take a look at what is going on in Australia right now with unattended account seizure. That has never happened there before either, right?
     
  13. mikem2000

    mikem2000 Lost Cause

    OK good, so I see you admit your previous statement of staying in the middle was inaccurate.

    Now you are at the point where you start name calling, very typical.....

    Now about the Australia thing, I do disagree as that being a threat. They do that right here in NJ. Several of my accounts were closed out and the money transferred into NJ state funds. I just looked up my name and THEY told ME how much they owed me from what sources, Within a week, they verified my identity, then sent me a check WITH interest. It was over 700 bucks. The process looks similar in AU. So no I don't believe that is a reason to keep valuables at home, when there are 1 million burglaries per year in the US. It does not appear even a single person lost their funds in AU if they are still around and want them. I understand dependents can also claim them if the person is deceased.
     
  14. longnine009

    longnine009 Darwin has to eat too. Supporter

    Medoraman I can't remember where I read about Rome's armies. It may have been Armstrong but I can't say for sure. So I'll take your word for now that it wasn't so. But can you honestly opinion that Rome did not become extractive and grasping with their citizens? Yeah, it's just an opinion but I'm never going to believe: This time it's different.
     
  15. mikem2000

    mikem2000 Lost Cause

    No one said it was different. In fact just the opposite. When Rome was desperate for cash, they taxed the heck out of its citizens, overtaxation was is considered a major factor in the fall of Rome. So if they US government truly gets desperate for cash, I expect History to repeat itself, not a raiding of personal property
     
  16. longnine009

    longnine009 Darwin has to eat too. Supporter

    I was asking Medorman, not you.
     
  17. jlogan

    jlogan Well-Known Member

    wait... its legal to shoot someone who breaks into your house while your home, but its illegal "shoot" someone (with a booby trap) when your not home and your stuff is more vulnerable to theft?
     
  18. mikem2000

    mikem2000 Lost Cause

    Look, I am not saying I like the laws, but you can only shoot someone in your house if your are in immediate danger. If you shoot someone in the back as they are running out the front door with your TV, you will go to jail.
     
  19. mikem2000

    mikem2000 Lost Cause

    It's about the facts Longline, plus it is a public forum. You want a private conversation, use PM. Easy Peasy......
     
  20. jlogan

    jlogan Well-Known Member

    in MO you can shoot them in the legs/feet/arms if they are leaving your property with your stuff
     
  21. longnine009

    longnine009 Darwin has to eat too. Supporter

    What facts mike? There are no facts today about a future event which may or may not happen. That's why I asked for Medoraman's opinion. I don't believe Rome did not raid people who hid money from them. But if that's how it happen, fine. But I want to hear it from someone who knows Roman history.
     
Draft saved Draft deleted

Share This Page