Use cash while you still can

[TexWeatherby]

There's more and more talk about the Feds going to digital currency and eliminating cash entirely. Of course, we know why - so they can track and control every penny you have/spend. For example, our possible future: you filled your truck up with gas twice already this month and so you go to the gas station - but you're not able to buy more fuel because you have reached your "carbon footprint" allowance for the month. This is where they are heading. Sleepy Joe already wants to take your gas stove and hot water heater. If cash really goes away, the only wealth you will be able to keep the goons from knowing about is gold and silver. Everything else - they will know where every cent is (they do already, except for cash that's not in the bank). They are watching all of us already. I got a letter because my wife and I were moving money at various times (for legitimate things like paying our real estate taxes) to avoid the $10K transaction form that gets sent to the IRS. Well, they accused us of "structuring" transactions and threatened to put us in jail if we didn't stop it. This is real - you can't do legitimate transactions above a certain amount with your own legally hard-earned cash. Yesiree, they are watching my bank accounts and yours NOW. Here's more; when you buy a firearm or ammo with a credit card, there is an ISO merchant code that identifies your purchase as firearm related. It's not enough 4473's are being used to create a gun registry, they are using credit card records too. Beware of all this crap. Cash is king more than ever - for now.

[Grouchy]

Yup. they got their noses in all our business anymore and it will only get worse. With 4473's and "instant" background checks, they have us legal gun buyers in a fix.

[TexWeatherby]

Yup. they got their noses in all our business anymore and it will only get worse. With 4473's and "instant" background checks, they have us legal gun buyers in a fix.

Yes sir, and with digital currency, they can pull the same crap with ammo: "You've already bought enough ammo this year, we're not allowing this sale to proceed." The goons pay you a visit and demand to know why you keep buying ammo and what do you want it for. It's a Democrat's wet dream.

[Grouchy]

And I live in a 85% democrap district!  My congressperson is a Hatian woman. 

[kmoore]

Someday I might need to burn something to make a fire, those 100 bills in the gun safe may just be what gets used. 

[TexWeatherby]

Convert it to gold and/or silver. The value of stored cash is dropping and won't ever stop. If cash does go away or the crap hits the fan (financial collapse), you'll be glad you did.

[Grouchy]

The value of gold or silver is just a hedge against inflation. If their value goes up, it means the dollar is woth less.

[224KING]

The value of gold or silver is just a hedge against inflation. If their value goes up, it means the dollar is woth less.

This is true,but gold will never be worth -0-.The dollar could be

[224KING]

If the BRICS countries start a currency that is gold backed to trade amongst themselves it will probably take the place of the petro dollar which is the US Dollar.People here in the US that are holding gold and silver as a hedge could be in trouble for a while until the "World" gets straightened out on what currency will be the new petro dollar.So don't put all your cash into gold and silver. Buy some land.Buy a house.Buy an empty lot in your town.Pipe can even be a good investment.Find something that gets bought and sold frequently in your part of the country.

It all depends on how many dollars you are trying to hedge too.

Remember that they don't make land anymore.

[224KING]

The downgrading of the US debt rating,yesterday,was just another nail in the coffin for the US dollar.

The world is seeing us weaker and weaker every day.I personally believe that the only way to bring people,and the 2 political parties back together is with a war.

[TexWeatherby]

I agree for the most part, however I have to respectfully disagree in some respects. Land is usually a good idea, but not always. In 2003, I bought some acreage in Naples, FL as an investment because the area was really growing and real estate was getting hot there. My property doubled in value in 3 years and then, bam, the bottom fell out and that property was worth 25% of what I paid for it. I had to hang onto it for over 15 years just for the value to get back up to about what I paid for it. It was supposed to be a 10 year investment (and predicted to be a good one). I unloaded it at that point just to get my money back and be rid of it (I had to pay RE taxes every year, of course). Even now, it's not worth very much more than I bought it for - lesson learned - land can be good, but it's far from a sure bet. I wouldn't recommend putting ALL your spare cash into gold, however, it has ALWAYS increased in value to hedge inflation, which cash in a bank or a safe cannot do. Of course, I keep a chunk of cash around, but diversification is the thing. Eggs in multiple baskets.

[Grouchy]

My money is in guns and ammo. When the poop hits the fan, I see this as the very best long term investment. 

[Derrill Fox]

My money is in guns and ammo. When the poop hits the fan, I see this as the very best long term investment. 

Who needs a gun when you have gsd like Andi

[Grouchy]

Backing her up! 

[Derrill Fox]

The love from a good dog is priceless and from what you have with Andi is well loved and taken care of. I think Andi would lay her life to protect you.