Show Posts
1
Living FREEDOM! / Gold & Silver as Investment
« on: June 10, 2016, 01:46:16 PM »
In an attempt to slowly steer away from fiat currency for retirement and investment purposes I've started filling my safe with silver and gold bullion and coins.
With our current monetary system being so corrupt and volatile, I kind of see this as a freedom of currency, relatively safe from inflation.
There seems to be an interest in moving away from the Fed dollar with people using Bit coin and local notes like the Colorado rocky bucks or whatever it's called but I never hear people talk about precious metals as currency anymore. Is there a reason for this I don't know about? I feel like it's safer than crytocurrency due to it not being prone to technological mishaps. As long as you can protect your physical assets, that is. Once the FED is (hopefully) abolished, what will we all do for currency?
Anyone else in the gold and silver game? I'm pretty new at this and was also wondering what tax implications there may be, if any. Any strategies for growing your physical stack cheaper than just buying bars online?
With our current monetary system being so corrupt and volatile, I kind of see this as a freedom of currency, relatively safe from inflation.
There seems to be an interest in moving away from the Fed dollar with people using Bit coin and local notes like the Colorado rocky bucks or whatever it's called but I never hear people talk about precious metals as currency anymore. Is there a reason for this I don't know about? I feel like it's safer than crytocurrency due to it not being prone to technological mishaps. As long as you can protect your physical assets, that is. Once the FED is (hopefully) abolished, what will we all do for currency?
Anyone else in the gold and silver game? I'm pretty new at this and was also wondering what tax implications there may be, if any. Any strategies for growing your physical stack cheaper than just buying bars online?