About the gold price falling down 50% ?

You can't beat stocks over the long run. Gold and gold coins are just something to have as disaster insurance and/or to have fun holding in your hands.

Even bond funds aren't bad right now, 6% give-or-take for investment quality ETFs.

 

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I moved out of stocks about 5 years ago and converted that in to BTC, which is doing outstanding ! I have been able to keep the principal intact while taking the "FOAM" of the top which I have been using to buy both GOLD AND SILVER been averaging about 5K a month just on that investment alone

 

Putting all your eggs in 1 asset class....a new one at that....which is highly volatile and pays no interest or dividends....borders on reckless, IMO.

 

When it gets to be reckless I will let you know,

And BTC kicks butt ! for all the doubters out there, here's a small sample of what I picked up last year, just on "FOAM" alone havent touched my principle in over 5 years and still going strong !

P.S. Can I please get a like from you @masterswimmer .....LOL

 

We appreciate your OPINION, but my recent experiences with internet failed transactions dictate that an additional ~$5 with your opinion will purchase a local cup of coffee.

I've recently traded a strong 3 figure quantity of Gold uncirculated coins for Fiat @ spot value, with return customers who are very happy to authenticate their purchases @ our meetings, and promise future discussions!

I've a large guarded private rural property proximal to metropolises' of millions potential wise? investors!

Please read the following post to yours (#64?)! JMHO!

 

And I yours, my formula works great for me and iam stacking every month and
setting up a nice nest egg for my kids and grand kids

 

I also have established an extraordinary collection of tangibles which my son and daughter would love to inherit, but they'll only see a token amount paid equally to them from a trust for a reasonable period.

If either adult initiates a legal action, as expected, the remaining assets will be donated prematurely to St. Jude!

One of my children always has an interest in vacationing, as did my only wife, and Daughter-In-Law, who spent every cent of the paid estate I left, when driving away with one attire/old-truck.

I'd love to see their faces, but remember that of when they exhausted all I left, which they knew I'd re-establish from nothing!

Life can really be fun, when you look back at 85 in great health!!

 

I learned allot when my mother in law passed away several years ago it just goes to show you how ruthless family members can be against each other my wife had 6 siblings and every one contested the will except my wife in the end the lawyers got most of the money in the end just because everyone was so selfish

I think I will avoid the courts and just bury some coffee cans in the back yard with
each persons name on it, seems like the most sensible thing to do...LOL

 

you need my Address too !!

mpcusa

 

I have a coffee can with your name on it

 

I'm a son with 3 brothers. My parents instilled a strong sense of family in each and every one of us. It was stressful liquidating my parent's estate, but not between us 4 brothers, it was the stress of unloading the real estate and personal property. There were no arguments, just a web of BS involving estate issues and dividing up tangible properties. We all trusted each other, and aside from dealing with the vultures feeding on the estate carcass (lawyers and real estate agents) , we had zero issues internally.

 

Very impressive, my wifes side of the family is as dysfunctional as they come, my mother in law was the glue that held everything together though I have to say after
knowing her for 35 plus years, she wasn't very fair, things were far from equal as
the two older sisters who were both trustees of here estate, in which I use that term in the loosest way ! they raped the estate of all valuables and left my wife with broken furniture and not much else, if you read this Patti and Joyce I hope you
burn in _ _ _ _, you can insert the letters yourself since this is after all a family forum.

 

Not sure what state you reside in, but there are strict rules to enforce if you are an Executor or Executrix. If a law firm was advising them, they are supposed to provide oversight at the risk of liability.

Regardless of a law firm or other superivisor of the executors....if FRAUD was involved, that is certainly actionable.

I've worked as a consultant for a few estates, currently wrapping up on one now.

 

If a will is properly drawn up, contesting a Will is easily avoidable (at least that's what lawyers tell me, I'm not an expert in this area ).

I'm working on an estate right now....deceased had seen a lawyer twice to re-write her will but NEVER signed off on it....her side of family knew that....old will (basically her husband's) stayed in control...what's more, 50-50 split of assets for His Side and Her Side became a 60-40 split due to deaths....her side was PISSED !!!

But so what....her family left the area and the husband's side was more helpful to her over the years/decades than her own family. So screw them.

 

When the executors were chosen by my mother in law, she picked the older daughters from each one of her marriages both crooks ! we new the fraud was going on but would have to get an attorney and have been down that road spent thousands of dollars being represented and all for not, my sister who had a 1 million dollar insurance policy on my mother in law just started filing motion after motion and this went on for 5 years

 

Forensic accounting can be expensive; the beneficiaries on the estate I worked on had to sign a bond waiver that said they held the Executor harmless for any retroactive fees/taxes/liabilities that could pop out of nowhere. But they all got an INFORMAL accounting which you and your family should have gotten (I think all states require it for the beneficiaries; this was in New Jersey).

Yes, it can be time consuming and expensive to contest a will or alledge fraud. But if it is CLEAR FRAUD and not just a gray area that you detest went against you, you can go to the County Surrogate and file a complaint and initiate an action in the courts.

And here's the kicker: if the STATE or FEDS were cheated out of $$$ because an Executor underpriced assets or cheated lawful beneficiaires....you can use that as a hammer. Then you are talking a felony crime and tax fraud -- and major jail time. I would be PETRIFIED if inheritance tax or estate tax or income tax (paid by the Estate) was a weapon that could be used against me because the tax authorities do not screw around with that because of the money involved from other inheritances (a growing pot).

A key issue: was a law firm involved in advising/supervising the executor(s) ? If so, it makes a complaint or legal action much easier. The law firm shares liability for supervising the executor.

 

The real sad part of this is the fact that might wife who is a wonderful and giving person was used by her siblings to represent there agendas sisters that she hadn't even talked to her in 10 plus years suddenly came out of the woodwork to get her
on there side the phone never stopped ringing until the case was settled now all we her is crickets, I comfort in saying that never have to see them are talk to them ever again !!

 

It's not so much my opinion as what might be called an updated version of the traditional Prudent Man Rule. Which is basically a common-sense guide to investing that you should invest in liquid, transparent, marketable, safe financial assets and avoid riskier asset classes in a non-prudent form.

If your particular strategy works for you, great. To each his own. And some people DO great daytrading, doing options, investing in BitCoint or crypto, using futures, numismatic coins, artwork, real estate, etc.

But that is NOT what a fiduciary can invest in nor an RIA. They need to invest in more liquid, traditional investment asset classes because (1) it's prudent and (2) it's impractical to invest large individual or institutional $$$ in illiquid asset classes where the ability to sell might not be done.

The traditional asset classes have daily or weekly pricing for the most part....pay dividends or interest....have decades of historical performance to measure...and regulatory/government oversight. These are important to prevent fraud.