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    • Sat, Feb 25, 2012 - 09:47pm

      #2
      PastTense

      PastTense

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      Check your account info.

    When I withdrew money from my self-employed 401K, my broker with-held 20% for the federal government and 5% for my state for taxes. (Being over the retirement age I didn’t have to pay the 10% penalty). So it could well be that your broker will hold back a substantial amount for taxes–which you won’t be able to access until after you file your tax return and get a refund. Talk to the people in charge of your 401K about this.

    • Sun, Jul 24, 2011 - 04:50pm

      #5
      PastTense

      PastTense

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      “for my bank”No. You should

    "for my bank"

    No. You should definitely use more than one bank. It’s not only a case of bank safety, it’s also a question of identity theft: what if someone steals your purse and compromises all your accounts (banking, credit card…) that you have cards, checkbooks in that purse? These accounts will be frozen until you work the situation out. So you need at least one backup account.

    • Thu, Jul 14, 2011 - 04:27pm

      #3
      PastTense

      PastTense

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      They match this 3% on a

    They match this 3% on a one-to-one basis? So they are putting up half the money?

    This is a no-brainer. Definitely take advantage of it Sprott and CEF are highly trustworthy companies–it is clear they have the physical gold and silver to back their investments.

    • Thu, Jul 14, 2011 - 04:04pm

      #4
      PastTense

      PastTense

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      If we have an economic

    If we have an economic catastrophe, then premiums for collectible coins will disappear. I expect there will remain a small premium for gold/silver issued by your own country (such as the American gold or silver eagle).

    Unless you can find good deals locally, stick with one of the major bullion dealers, such as Tulving or Apmex. Here are reviews of some of the major dealers:

    http://www.goldismoney2.com/forumdisplay.php?8-PM-Dealer-Feedback

    • Thu, Jun 23, 2011 - 06:20am

      #5
      PastTense

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      Which state? Some states

    Which state? Some states have pension plans in very bad shape; others have plans in good shape.

    One possibility would be to cash one out and keep the other one as as pension.

    • Thu, Jun 23, 2011 - 05:50am

      #6
      PastTense

      PastTense

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      Countries like Canada and

    Countries like Canada and Switzerland are very highly interdependent with the rest of the world. If the rest of the world crashes, they will be pulled down too.

    I wish I knew the answer to the OP’s question. Right now I feel physical gold and silver will have a better chance of preserving wealth than anything else. So a majority of gold & silver, a minority of cash and some preps are what I am doing.

    • Tue, Jun 14, 2011 - 01:29pm

      #7
      PastTense

      PastTense

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      The economy is liviing

    The economy is liviing beyond its means (the government is running up massive debt…). With peak oil, enery costs will explode. Health care costs are exploding. With baby boomer retirement, there will be a massive increase in Social Security payments, etc. The result will be people will have a massive decline in discretionary income. Restaurants will go back to what they were several decades ago–where you only went out to eat for a special occasion.

    If you are making good profits with your restaurant, continue with it. But if you aren’t making any money now, but are expecting to become profitable in three or four years I think you are making a mistake. A key question is how leveraged you are. What happens if sales decline 25%? If you respond that your income will drop 40%, fine. But if a 25% decline means you will change from making a moderate profit to heavy losses and won’t be able to pay your fixed bills, then there is a high probability you will fail.

    • Sun, May 29, 2011 - 02:35pm

      #5
      PastTense

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      So why are you converting

    So why are you converting row crop land to pasture, instead of  crop rotation, low-tillage, using manure for fertilizer… to reduce petroleum inputs?

    • Sat, May 21, 2011 - 03:44am

      #5
      PastTense

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      Some people also expect a

    Some people also expect a temporary decline in both gold and silver with the end of QE 2 (they don’t expect a permanent decline as they expect there will shortly be a QE 3).

    • Thu, May 05, 2011 - 05:04am

      #3
      PastTense

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      They don’t really have much

    They don’t really have much in common: You invest in platinum because you think there will be a major growth in the autombile industry; you keep you wealth in gold because you want to preserve the purchasing power of your wealth in an inflationary economic scenario.

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