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<p>[QUOTE="myownprivy, post: 3458804, member: 84588"]No one thinks the government is going to come for our precious metals. You've misread the post. </p><p><br /></p><p>The point is that when you buy something online, a paper record exists of that purchase. There is a clear record of you transferring your money to a valuable. If you were to get divorced you couldn't claim you didn't have that money because you spent it. A forensic accountant could dig through your family's finances, find records of a bullion purchase you made, and be able to show you spent x amount of money on bullion. Thus, preventing you from being able to hide part of your estate in the time of the divorce. And thus claiming that bullion represents part of your estate and therefore part of what your partner is entitled to in a divorce.</p><p><br /></p><p>This could also apply in the case of someone suing you. You could declare bankruptcy in attempt to avoid paying the full judgement, but again, the court could discover you have more assets than you claim and might not allow the bankruptcy to go through. </p><p><br /></p><p>Bullion buyers often believe they are investing in something no one else knows about. Unlike stocks or bonds which have a clear paper trail. However, my point is that you are not actually hiding any of your worth by buying bullion if you buy online. It is as well known to an interested party as putting money in the bank, buying property, or investing in stocks or bonds. </p><p><br /></p><p>The ONLY way to hide your bullion buying is to pay in cash from a local coin shop. That way, if such and such court case tried to look into your assets in 2019 and found you earned $100,000 that year and tried to account for all of that money, you could say "I spent it, in cash, on fast food, movie tickets, clothes, etc. And no one could prove otherwise that you had actually used it to buy bullion and stashed it away to protect yourself from divorce, bankruptcy, lawsuits, etc. However, if you paid with a credit card at your coin shop or placed online order using bank transfers, paypal, echeck, or credit card, there's a record of your purchase. And now your bullion can be discovered.</p><p><br /></p><p>Does that make sense?[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3458804, member: 84588"]No one thinks the government is going to come for our precious metals. You've misread the post. The point is that when you buy something online, a paper record exists of that purchase. There is a clear record of you transferring your money to a valuable. If you were to get divorced you couldn't claim you didn't have that money because you spent it. A forensic accountant could dig through your family's finances, find records of a bullion purchase you made, and be able to show you spent x amount of money on bullion. Thus, preventing you from being able to hide part of your estate in the time of the divorce. And thus claiming that bullion represents part of your estate and therefore part of what your partner is entitled to in a divorce. This could also apply in the case of someone suing you. You could declare bankruptcy in attempt to avoid paying the full judgement, but again, the court could discover you have more assets than you claim and might not allow the bankruptcy to go through. Bullion buyers often believe they are investing in something no one else knows about. Unlike stocks or bonds which have a clear paper trail. However, my point is that you are not actually hiding any of your worth by buying bullion if you buy online. It is as well known to an interested party as putting money in the bank, buying property, or investing in stocks or bonds. The ONLY way to hide your bullion buying is to pay in cash from a local coin shop. That way, if such and such court case tried to look into your assets in 2019 and found you earned $100,000 that year and tried to account for all of that money, you could say "I spent it, in cash, on fast food, movie tickets, clothes, etc. And no one could prove otherwise that you had actually used it to buy bullion and stashed it away to protect yourself from divorce, bankruptcy, lawsuits, etc. However, if you paid with a credit card at your coin shop or placed online order using bank transfers, paypal, echeck, or credit card, there's a record of your purchase. And now your bullion can be discovered. Does that make sense?[/QUOTE]
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