Thread: WARNING.... U.S. Dollar Exchange Article of Interest

you mean i cant get in on the island!!! im in houma!

Originally Posted by Offshore-Wealth.com

Good question,

And as always, we must only invest what we can afford to, and since this investment has virtually no downside risk, this is a very unique situation, one that will probably be a once in a lifetime opportunity for most hear, so for me, I am putting every last spare dime into it. lol

Good luck to all, Mike

Just to give a example of me and a few Bud's of what we are doing. For starters I hate 401k's, and I love to save for a rainy day. My Dad taught my brothers and I to do that. Be Union, you never know when you are going to be laid-off or go on Strike.

So since arriving into the Dinar Arena, what we do is instead of saving cash, we exchange for dinars. Being in the US does make it easier for us and having a Chase Bank near by just TOPS it off. Sofar the percentage of cash spent on dinars has not been needed, thank the Good LORD for that. But if it is needed, all we have to do is just run down to the nearest Chase Branch and exchange for USD.

To Bad we can not just use Dinars. I mean I heard the other day a Pizza place is now excepting Peso's.

Anyhow, as OSW is saying every last dime virtaully riskfree. He isn't lieing. just dont put it all in dinars. Use good Judgement or you will lose at least $100.00 for every million Dinars you exchange back for USD needed. Just what we do here, the Bud's and I.

Originally Posted by bigopie

Hey Tiffany...i'd be glad to have u as a neighbor.....i can teach u the coon-ass DINAR SHUFFLE....lol....we can buy us each a half of an island...have our own lil paradise.....lol......GO DINARS...Pat

I have missed you, my furry tailed friend! I do believe that we may be winding down in this little adventure! An island would be GREAT! I've been scoping out houses...I'll add islands to that list!

Originally Posted by Offshore-Wealth.com

Good point,

Yes, I agree, gold is going to skyrocket once the world sees what is happening behind the scenes to undermind the dollar even further. Silver is an even bigger play than gold as silver is tied to the electronics industry as a commodity, wherby gold is mostly used for jewelry. Silver adjusted to gold over the years is undervalued, so keep that in mind as well.

Good luck to all, Mike

Thanks Mike. You make a great point.
Robert Kiyosaki and Warren Buffet have been investing in silver for several years now for exactly the reasons you mentioned. Also, silver is rarer than gold and can't be reused as gold can. This makes what remains extremely valuable.

As India and China begin to become richer nations the number of electronics consumed will increase at exponential levels thereby requiring more silver - and as a result will continue to drive up its price.

What I like best is it's so much cheaper to buy than gold.
Here is Kitco's most recent pricing:
Kitco - Gold Precious Metals - Buy Gold Sell Gold, Silver, Platinum - Charts, Graphs, Prices, Quotes, Gold Stocks, Mining Stocks, bullion dealers

GOLD
Mar 08, 2007 23:39 NY Time
Buy Sell
1 oz Maple 648.50 685.13
1 oz Eagle 648.50 688.39
1 oz Bar 648.50 664.50

SILVER

Mar 08, 2007 23:39 NY Time
Change
Silver 12.92 -0.08

Originally Posted by Offshore-Wealth.com

Good point,

Yes, I agree, gold is going to skyrocket once the world sees what is happening behind the scenes to undermind the dollar even further. Silver is an even bigger play than gold as silver is tied to the electronics industry as a commodity, wherby gold is mostly used for jewelry. Silver adjusted to gold over the years is undervalued, so keep that in mind as well.

Good luck to all, Mike

You are sure correct about silver as the silver stockpile is depleted each year due to the usage for industry and the annual usage is larger than what comes out of the mines. The Gold stockpile actually grows each year so eventually these two precious metals will cross over and silver will be the big one. I plan on buying lots of Silver Eagles when the r/v comes.

Originally Posted by danny51

You are sure correct about silver as the silver stockpile is depleted each year due to the usage for industry and the annual usage is larger than what comes out of the mines. The Gold stockpile actually grows each year so eventually these two precious metals will cross over and silver will be the big one. I plan on buying lots of Silver Eagles when the r/v comes.

Exactly,

This is going to be an interesting time period for all of us, so we need to be on top of the best investments over and above our dinars. LOL

Silver, uranium, copper and gold, in that order is how I am setting up my investment portfolio, so good to see so many here no which end is up when it comes to declining dollar.

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Exactly,

This is going to be an interesting time period for all of us, so we need to be on top of the best investments over and above our dinars. LOL

Silver, uranium, copper and gold, in that order is how I am setting up my investment portfolio, so good to see so many here no which end is up when it comes to declining dollar.

Good luck to all, Mike

I am so glad this is being talked about. As I am what you call an investment-dummy. I have really been trying to learn as much as possible, so that I am prepared when the dinar rises. I understand that Silver, gold, uranium, copper are going to be valuable holdings, but my question is "do you physically buy them and hold, or put that into what I assume is a commodity trade?"

As you can see, I am pretty green when it comes to this stuff. The most investing I have done, besides the dinar, is buying some life insurance policies, and putting some money in stocks and mutual funds. I have a guy that takes care of that stuff. When something needs to be switched, he calls me. So any tips would be greatly appreciated.

Originally Posted by choochie

I am so glad this is being talked about. As I am what you call an investment-dummy. I have really been trying to learn as much as possible, so that I am prepared when the dinar rises. I understand that Silver, gold, uranium, copper are going to be valuable holdings, but my question is "do you physically buy them and hold, or put that into what I assume is a commodity trade?"

As you can see, I am pretty green when it comes to this stuff. The most investing I have done, besides the dinar, is buying some life insurance policies, and putting some money in stocks and mutual funds. I have a guy that takes care of that stuff. When something needs to be switched, he calls me. So any tips would be greatly appreciated.

Good morning, Choocie that was my first question also. Then I thought, there will be records of all of this, and whose to say that THEY won't come and take it all away from us eventually.Sorry if I sound a little paranoid.

Originally Posted by yardbird

Good morning, Choocie that was my first question also. Then I thought, there will be records of all of this, and whose to say that THEY won't come and take it all away from us eventually.Sorry if I sound a little paranoid.

I have found the best way to invest in both gold and silver is to buy older coins and not the bullion coins currently being minted. The older coins have a "Collectable Value" and are less likely to be conficated if something went very bad in the US. Buy pre 1930's Peace dollars, morgan dollars, and gold eagles and double eagles. The silver dollars are 90% silver. Buy them in bags called junk silver. You can get the coins I have listed at just a little above the spot price for gold and silver. Never let someone else hold your commodity. Get a saftey deposite box.

Originally Posted by texaslonghorns

I have found the best way to invest in both gold and silver is to buy older coins and not the bullion coins currently being minted. The older coins have a "Collectable Value" and are less likely to be conficated if something went very bad in the US. Buy pre 1930's Peace dollars, morgan dollars, and gold eagles and double eagles. The silver dollars are 90% silver. Buy them in bags called junk silver. You can get the coins I have listed at just a little above the spot price for gold and silver. Never let someone else hold your commodity. Get a saftey deposite box.

Thanks for the great info! I have to say that this type of investing is very intriguing!