Quote: (03-17-2019 05:09 AM)Paracelsus Wrote:
[quote] (03-15-2019 11:07 PM)Rigsby Wrote:
(03-16-2019, 02:34 AM)wi30 Wrote: [quote='Deepdiver' pid='1952754' dateline='1552674365']
Own Physical Gold and Silver: These precious metals are the ultimate safe-haven assets. We hold them for the long term.
All due respect, but if you're afraid of a socialist collapse of civilisation, physical gold is about the worst "safe haven" asset you can buy. The native Americans rightly called it the yellow metal that drives men mad.
The reason is this: y'really think AOC and her friends won't have figured that strategy out by the time they rule the roost? You don't think they'll come for your gold?
After all, they have the US's own history to draw on. Read up on a piece of legislation called the Gold Confiscation Act, passed 1933 while FDR was in government and horribly mismanaging the attempt to recover from the Depression (and making it actually worse). The law required all US citizens to hand over to the government via the banks almost all gold coins (US and foreign), bullion (bars, nuggets, dust, etc) and gold certificates within a few weeks after the order was issued. A short eight months after the confiscation a new piece of Federal legislation, the Gold Reserve Act, was enacted. The Gold Reserve Act revalued gold versus the dollar. In theory, a 1934 $20 gold coin would then be equivalent to 35 paper dollars.
Every last seizure of physical gold under this Act was held as Constitutional by the US Supreme Court.
Americans were not permitted to own physical gold again until 1974. If economic disaster happens and President AOC thinks a significant number of people are hoarding wealth in gold, she'll revive this Act faster than a virgin cums on first insertion.
Most significantly: while you can own gold again, there remains a parallel ban that you cannot have a gold clause in a contract, i.e. make an agreement or contract where you get paid in physical gold rather than US dollars. It is literally illegal for you to make a contract where you agree to get paid in gold rather than US dollars. That is, your gold ain't going to be worth jack shit if it comes to real disasters and you start offering ingots for food. Never mind you'll be like a Ferrari owner handing over his Ferrari for a bag of potatoes, the Feds will be coming a day later to arrest your ass and take whatever gold you've got left -- most likely under the auspices of some form of proceeds of crime legislation, which is currently used to rape lots of weed smokers across the US.
Oh, and don't think silver is any great haven, either. FDR seized that, too, under Executive Order 6814, which mirrored the one he'd issued to seize the gold as well.
Own physical gold anywhere within the US, or in any body that answers to US law outside the US, and you are making yourself a standing target.
Where do I start - let me just say your post is as preposterous as it is erroneous and I resent people who take a small fragment of a detailed post in order to make a predetermined point that fits their limited agenda. My post provided a very diversified and detailed set of profit options and solutions to the Socialists Tsunami about to break upon North American shores. IIRC Gold and Silver Coin Collections were determined to be numismatics and exempt from Globalist Roosevelt's unconstitutional seizure 90 Years Ago - proof I have many late 1800's and early 1900s 90% silver coins clearly were not seized and melted down ...
Here is the full scope summary of solutions from my TLDR yet extensive post of useful knowledge to survive and thrive in the coming CCP inspired Socialists Wave...
Gold is a small perhaps 5 to 10 percent of this overall diversified strategy....
Best coins are US and Canadian Mint .999 and .9999 One once Silver and Gold Coins and a strategy to hide them as well as Pre 1964 US Coins... Given the new Political Divides in the USA seizing Gold and Silver and Cryptos and Cash would be as Revolution triggering as demands to remove our 2nd and 1st Amendments and seize our firearms. Not Gonna Happen... We are not UK, Australia or New Zealand.
Full Scope:
The Casey Report Top Themes
Own Physical Gold and Silver: These precious metals are the ultimate safe-haven assets. We hold them for the long term.
The End of Marijuana Prohibition: Legalization is inevitable. It’s happening. And it’s going to unleash a $150 billion market that was previously underground. Those profits are up for grabs.
The Collapse of Western Civilization: There’s major turmoil ahead for Western Civilization… and it could be catastrophic for global currency and stock markets.
The Most Hated of the Resource Markets: There is simply no other commodity with more explosive upside and less downside than uranium right now.
Dividend Aristocrats: A goose that lays an ever-increasing number of golden eggs. We own them for safe, steady profits. It’s hard to think of a better investment.
The Death of America’s Middle Class: The shrinking middle class is looking at a rising drawbridge. You’ll either make it to the other side of the moat, and live comfortably inside the castle. Or you will be stuck outside with the peasants, a member of the permanent underclass.
The New Crisis Currency: Bitcoin is a disruptive and transformative technology that provides a genuine alternative to the unsound financial system. It allows the average person the ability to escape the collapsing fiat matrix.
The Third Oil Shock: A big conflict in the Middle East often triggers a big spike in the price of oil. Take the 1973 “oil shock,” for example. Oil prices roughly quadrupled in a matter of weeks. Today, we could be on the verge of a price spike even more extreme than that.
The Casey Report Model Portfolio
RECENT PRICES
Core Positions
InvestmentOpen DateOpen PriceDist/AdjRecent PriceTrailing Stop %ReturnsNotes
First Majestic Silver (AG)11/09/16$9.38$0.00$6.6257%-29.4%Buy up to $15
Bitcoin (BTC/USD)06/14/18$6300.12$0.00$3871.79-38.5%Buy up to $28,000
Repsol (REPYY)08/09/18$19.85$0.00$16.9450%-14.7%Buy up to $30
Sinopec (SNP)09/13/18$96.61$0.00$83.7450%-13.3%Buy up to $130
Aurora Cannabis (ACB)07/25/18$2.43$0.00$8.99270.0%Buy Up to $12
The ProShares Short High Yield (SJB)01/10/19$22.77$0.00$22.1350%-2.8%Buy Up to $30
Kirkland Lake Gold (KL)02/14/19$32.53$0.00$34.3450%5.6%Buy up to $40
Sprott Physical Gold Trust (PHYS)03/14/19$10.57$0.00$10.4850%-0.9%Buy up to $15
Wheaton Precious Metals (WPM)07/12/18$22.14$0.09$21.9450%-0.4%Buy up to $30
ProShares Short 20+ Year Treasury (TBF)12/13/18$23.12$0.09$22.5050%-2.3%Buy up to $30
ProShares UltraShort S&P500 (SDS)11/08/18$35.12$0.18$33.9950%-2.8%Buy
Cameco (CCJ)07/12/17$9.61$0.22$12.2229.4%Buy
Suncor Energy (SU)10/11/18$37.36$0.59$33.6350%-9.1%Buy up to $60
Walmart (WMT)05/11/18$82.69$1.57$98.2250%20.1%Buy up to $110
Exxon Mobil (XOM)06/14/18$81.51$2.46$80.4450%0.8%Buy up to $100
*A stop loss is a predetermined price at which you will sell a stock if it declines. Reduce the stop-loss trigger price by any dividends received. Only use closing prices to determine whether a position has hit its trailing stop.
Please keep track of stop losses on stocks you own. If a stock hits its stop, we’ll write about it in our next monthly issue. However, we will not send out alerts between issues. It’s your responsibility to monitor your portfolio and follow the stop losses we suggest.
This sheet represents our current portfolio recommendations and is not a comprehensive track record.
Reference date is the release date of the publication when the recommendation was originally made.