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Email this10:18 am
September 11, 2013
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Ok, so there's devastation all around, everybody's money is worthless, etc but you've got gold/silver bars in your basement. So what's the next move, how do you capitalize on your supposed advantage? That seems to be the missing detail when you're talking to gold or silver bugs - ?
10:18 am
October 29, 2017
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Bruford said
LOL, sorry, I stand corrected. I should have said, unless the government does a thoroughly intrusive rectal examination (repeated daily) you are not allowed to own a gun.
And you can’t get the good stuff anyways, the automatics are all restricted. A pump action shotgun is your best bet, but isn’t going to help much when it’s locked away and no ammunition in it because ammunition has to be stored elsewhere and locked as well. So much for protecting yourself if people come to kick your door in.
10:25 am
February 27, 2018
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Bill said
Ok, so there's devastation all around, everybody's money is worthless, etc but you've got gold/silver bars in your basement. So what's the next move, how do you capitalize on your supposed advantage? That seems to be the missing detail when you're talking to gold or silver bugs - ?
NEVER in the history of "High interest savings.ca" have BOTH Bill and Norman agreed with me, at the same time. i may need to reconsider my stance.
10:28 am
September 11, 2013
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Vatox, if I'm planning on kicking someone's door in while there's unrest in the streets I'm gonna play it safe and assume some folks might not be following all the rules re gun and ammo storage.
10:35 am
October 29, 2017
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Bill said
Vatox, if I'm planning on kicking someone's door in while there's unrest in the streets I'm gonna play it safe and assume some folks might not be following all the rules re gun and ammo storage.
Lol, if it gets to that point, I won’t be following any rules, and I’ll go trade useful stuff to 88 in exchange for automatics.
11:47 am
August 10, 2018
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Bill said
Ok, so there's devastation all around, everybody's money is worthless, etc but you've got gold/silver bars in your basement. So what's the next move, how do you capitalize on your supposed advantage? That seems to be the missing detail when you're talking to gold or silver bugs - ?
If you agree with the concept of currency devaluation, what are you planning on investing in to hold value?
12:15 pm
February 27, 2018
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Bruford... that's just it, "nothing". in the worst case scenario nothing is safe, except self preservation. if global currencies lose their value, everything gets reevaluated. the value of your home, your hourly rate, everything comes into question. a "skill set" will be worth a fortune. what can you do for me and the people around you?
12:58 pm
October 29, 2017
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Kidd said
Bruford... that's just it, "nothing". in the worst case scenario nothing is safe, except self preservation. if global currencies lose their value, everything gets reevaluated. the value of your home, your hourly rate, everything comes into question. a "skill set" will be worth a fortune. what can you do for me and the people around you?
This is totally correct. If the system collapses, you better have desired skills and assets. Can you grow food? Do you have running water or a clean water source? Can you produce alcohol or have a stash of whisky to trade. It’s hard assets that will rule. If interest rates go far enough into negative territory you could purchase a greenhouse operation or distillery and just make principle payments as the bank pays you interest. That way, your money is in hard assets, you have desirable products to trade and you are actually getting paid to do it.
Think of skills and products or services people will want.
12:59 pm
August 10, 2018
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Kidd said
Bruford... that's just it, "nothing". in the worst case scenario nothing is safe, except self preservation. if global currencies lose their value, everything gets reevaluated. the value of your home, your hourly rate, everything comes into question. a "skill set" will be worth a fortune. what can you do for me and the people around you?
I am not talking worst case scenario, ie back to the stone ages. Some things will retain value, not everything will go to zero. My bet is that most things will go down in value, some by a lot. I am betting Gold/Silver will appreciate. A skill set will be good, yes.
1:21 pm
October 29, 2017
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Bruford said
I am not talking worst case scenario, ie back to the stone ages. Some things will retain value, not everything will go to zero. My bet is that most things will go down in value, some by a lot. I am betting Gold/Silver will appreciate. A skill set will be good, yes.
Alcohol my friend, buy alcohol stocks. Plumbing and water works are also things that people will always want, so buy stocks invested in running water infrastructure.
3:44 pm
September 11, 2013
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Bruford, you answered my question with a question - no fair!!
Google "Executive Order 6102". It didn't apply to assets such as weapons, goats or women/men! (Also didn't apply to dentists' gold, might want to get your dentistry certification.)
To add to Vatox's list, based on recent experience how about toilet paper manufacturers?
4:11 pm
October 22, 2015
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Vatox said
Alcohol my friend, buy alcohol stocks. Plumbing and water works are also things that people will always want, so buy stocks invested in running water infrastructure.
LOL! The only thing I stocked up on was alcohol and ammo.
Didn't buy the stocks, but should have.........................
4:54 am
March 30, 2017
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gold (must be physical) is good to own IF you believe we will no longer have power (i.e internet toasted, no power to run the FI's system hence no cash avail) OR you need to flee the country (yes gold is a good asset for bartering with criminals and the like for the obv reason).
Otherwise I rather have cash as I am pretty sure the cashier at loblaws will accept my cash with no issues, while he/she may need to bite on my gold to check if its real and dont think they are allowed during covid 🙂
7:48 am
February 20, 2018
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Diamonds is better than gold?
8:20 am
February 27, 2018
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Bud...
yeah diamonds are a little easier to swallow than gold especially if your fleeing the country as savemovesaveoften mentioned. metal detectors would probably "beep" alerting everyone of your gold deposits. what was troublesome going in, will be a real b...h coming out.
I would guess none of you have ever collected coins or stamps? what you believe to be of value, means opportunity to someone else. Bud the stone collector you sell your diamonds to, will give you pennys on the dollar.
9:41 am
September 11, 2013
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savemoresaveoften, if I was a criminal or corrupt border official I'm gonna barter? I'd just take all your gold, maybe anything else of value too.
9:44 am
April 6, 2013
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Careful not to be taken by those tales of large gains from collectibles.
A co-worker told me what happened when he tried to sell his old Canadian $1 bills. He was excited when he saw them in a store's display case for $2 each.
He asked the owner what they would pay for mint condition $1 bills he had. The answer was $1 each! 
He pointed out that it says $2 each in the display case. The owner explained that was the store's asking price, for someone wanting to buy one from the store. The store's bid price, for someone wanting to sell one to the store, was $1 each.
9:52 am
December 12, 2009
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Norman1 said
Careful not to be taken by those tales of large gains from collectibles.A co-worker told me what happened when he tried to sell his old Canadian $1 bills. He was excited when he saw them in a store's display case for $2 each.
He asked the owner what they would pay for mint condition $1 bills he had. The answer was $1 each!
He pointed out that it says $2 each in the display case. The owner explained that was the store's asking price, for someone wanting to buy one from the store. The store's bid price, for someone wanting to sell one to the store, was $1 each.
True...to be clear, I would offer that store $1 for the mint condition $1 bill. 
Cheers,
Doug
12:25 pm
April 6, 2013
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Doug said
True...to be clear, I would offer that store $1 for the mint condition $1 bill.
I wouldn't offer more than 60¢. There needs to be something to compensate me for the work I would have to realize that $1.
I found that out when I received a Birds of Canada series $50 bill.
It was in beautiful condition. But, stores would not accept it. Those new envelope-free ATM's at TD Bank refused it for deposit! I would have to go into the branch and stand in the line for a teller.
I eventually found an older CIBC ATM that still required deposits to be put in an envelope and deposited it into my Simplii account.
I was brainwashed when I was younger by relatives who took me to those stamp and coin stores. See that 25¢ stamp in the display case selling for $2 each now? Imagine if you had bought a sheet of them back then for 25¢ x 50 = $12.50. That sheet would be worth $100 now, a 700% gain!
As Kidd mentioned, it is obvious now that none of those relatives ever took a stamp to the store and asked what the store would pay for the stamp.
12:43 pm
March 30, 2017
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Bill said
savemoresaveoften, if I was a criminal or corrupt border official I'm gonna barter? I'd just take all your gold, maybe anything else of value too.
thats not how a true criminal work, there is reputation risk 🙂
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