How do you protect your money? - GoFuckYourself.com

camperjohn64 · 10-25-2008, 05:32 PM

Cayman islands? Offshore? What do you do to make sure you get most of your money and whatever country you are in, your government doesn't take it all?

Sly · 10-25-2008, 05:34 PM

The best place will always be in a mattress...

camperjohn64 · 10-25-2008, 05:36 PM

Quote:

Originally Posted by Sly

The best place will always be in a mattress...

Oh boy, some members on GFY are so useful...

Spunky · 10-25-2008, 05:44 PM

Buried in coffee cans through out the back yard

The Duck · 10-25-2008, 05:50 PM

Quote:

Originally Posted by Spunky

Buried in coffee cans through out the back yard

Where did you live again?

[ScreaM] · 10-25-2008, 05:52 PM

All my money is safe in my boat-house.

smutnut · 10-25-2008, 05:54 PM

The best way is to put it in a plastic baggy, grease the baggy in vaseline and try and bury it as deep as you can in your anal cavity.

That's the way we used to hide things in the joint.

In South Park, Cartman smuggled an entire board game into juvey that way.

DWB · 10-25-2008, 05:57 PM

Spread out all over.

robfantasy · 10-25-2008, 06:08 PM

camperjohn64 · 10-25-2008, 06:09 PM

Ok this thread is going nowhere...

Dirty Dane · 10-25-2008, 06:12 PM

Hey, I know some nice nigerian investment guys. They are holding the money for me.

woj · 10-25-2008, 06:15 PM

Quote:

Originally Posted by camperjohn64

Ok this thread is going nowhere...

What did you expect? You wanted people to post details on illegal activities on a public message board?

camperjohn64 · 10-25-2008, 06:19 PM

Quote:

Originally Posted by woj

What did you expect? You wanted people to post details on illegal activities on a public message board?

Of course not. The thread didn't say how do you HIDE your money, it was how do you protect it? Legally

Oh wait, maybe they don't have any money to protect anymore. 3 cheers for tube sites! ;-)

clickyclick · 10-25-2008, 06:20 PM

Buy gold as they are going up and up... safer than depositing in bank nowaday.

After Shock Media · 10-25-2008, 07:03 PM

I find it much less hassle and easier to just pay all my required taxes and keep my money in the US. Plus I am one of those stupid fucks who really does not agree with how the Government is spending money, I do feel I should still pay my fair share of taxes- after I deduct what I can legally of course.

The Heron · 10-25-2008, 07:16 PM

How do you protect your money?
I spend it on hookers and booze!

TisMe · 10-25-2008, 08:53 PM

My ex-wives take care of it for me.

Jarmusch · 10-25-2008, 09:30 PM

Quote:

Originally Posted by clickyclick

Buy gold as they are going up and up... safer than depositing in bank nowaday.

Then how do you protect the gold?

- Jesus Christ - · 10-25-2008, 09:33 PM

Quote:

Originally Posted by clickyclick

Buy gold as they are going up and up... safer than depositing in bank nowaday.

Not quite true.

http://www.kitco.com/charts/livegold.html

Sly · 10-25-2008, 09:34 PM

Quote:

Originally Posted by Jarmusch

Then how do you protect the gold?

I know one guy that used to carry it around with him. Dead serious.

nottslad · 10-25-2008, 09:38 PM

Live in a country where you dont pay tax on income earned outside of it, and come from a country where you can bank there but dont pay tax if you're not resident.

Mexico/UK - the winning combination!

mona · 10-25-2008, 09:39 PM

Quote:

Originally Posted by After Shock Media

I find it much less hassle and easier to just pay all my required taxes and keep my money in the US. Plus I am one of those stupid fucks who really does not agree with how the Government is spending money, I do feel I should still pay my fair share of taxes- after I deduct what I can legally of course.

I feel ya...Consider it a "not go crazy and avoid the fear of getting thrown in a federal prison" tax

After Shock Media · 10-25-2008, 10:17 PM

Quote:

Originally Posted by clickyclick

Buy gold as they are going up and up... safer than depositing in bank nowaday.

How is gold safer?
Really think it would be worth more than anything else if shit is completely out of whack? I mean if all the cash dries up, so forth. What you going to do, try trading a sliver of gold for a carton of cigarette's?

Adam X · 10-25-2008, 10:21 PM

keep it in one of the larger U.S. banks like wells fargo.. or buy gold..

Puremeds-J · 10-25-2008, 10:55 PM

Pay your taxes.. the irs has one of the longest memories ever

Jens Van Assterdam · 10-25-2008, 11:36 PM

Yeah pay taxes lol

clickyclick · 10-26-2008, 12:14 AM

Quote:

Originally Posted by Jarmusch

Then how do you protect the gold?

Buy gold coin and put them in a deposit/security box at the bank. I got one at my bank for 4 bucks a month.

clickyclick · 10-26-2008, 12:20 AM

Quote:

Originally Posted by After Shock Media

How is gold safer?
Really think it would be worth more than anything else if shit is completely out of whack? I mean if all the cash dries up, so forth. What you going to do, try trading a sliver of gold for a carton of cigarette's?

Haven't u heard the news lately, why Washington Mutals et al losing deposit which the FIDC force them to be sold to another bank? Investor are flee banks and putting their money in T-bill (treasury security), because the FIDC only guarantee up to $250K per account. Beside, history have already taught us currency can go worthless and it can take a long time for it to recover.

Gold will be stable as long as there is terrorism unfortunately and gold was use as a way of exchanging monetary funds even before currency exist.

clickyclick · 10-26-2008, 12:26 AM

Quote:

Originally Posted by After Shock Media

I find it much less hassle and easier to just pay all my required taxes and keep my money in the US. Plus I am one of those stupid fucks who really does not agree with how the Government is spending money, I do feel I should still pay my fair share of taxes- after I deduct what I can legally of course.

The US tax code is written on 10,000 pages. There is a reason for that. So rich people can find loophole to avoid paying taxes. Unfortunately for most average joe out there, they can't afford a lawyer to do it for them, but really if u do it yourself I'm sure you can avoid tax too or at least reduce them.

heymatty · 10-26-2008, 12:28 AM

I think if you spread your savings around a number of banks well under ther FDIC limit you should be ok. Just in terms of keeping it safe. Obviously in crappy saving accounts you will be losing money to inflation though.

After Shock Media · 10-26-2008, 12:35 AM

Quote:

Originally Posted by clickyclick

Haven't u heard the news lately, why Washington Mutals et al losing deposit which the FIDC force them to be sold to another bank? Investor are flee banks and putting their money in T-bill (treasury security), because the FIDC only guarantee up to $250K per account. Beside, history have already taught us currency can go worthless and it can take a long time for it to recover.

Gold will be stable as long as there is terrorism unfortunately and gold was use as a way of exchanging monetary funds even before currency exist.

Who has lost deposits yet?
FDIC is not up to 250k per account.
Multiple accounts at separate banks etc. are doable.
Yes currency can go down, inflation can make the costs of good go way up.
Gold still is not stable, never really has been stable - hence price fluctuations.
Would have to check on that whole gold was used as a way of exchanging monetary funds before currency existed- I seriously doubt that and you may want to look up the word currency and how it came to be. If anything that would of been spices.

Assuming currency becomes worthless, you would be hedging that you can use gold to buy what you need i.e. use it as your currency.
For long term security, gold is already at record highs and unless you really think it will go higher without falling at all. That too is something that has passed its prime and should of probably been bought a year or more ago. Even then being fully into gold would be very high risk.
As a final note- when shit hit fan big time for many. They placed their funds into odd shit like super rare stamps for long term security and hiding such assets.

After Shock Media · 10-26-2008, 12:39 AM

Quote:

Originally Posted by clickyclick

The US tax code is written on 10,000 pages. There is a reason for that. So rich people can find loophole to avoid paying taxes. Unfortunately for most average joe out there, they can't afford a lawyer to do it for them, but really if u do it yourself I'm sure you can avoid tax too or at least reduce them.

Yes the tax code is huge and updated yearly. I do use a professional accountant. I do maximize my deductions. Not sure people need tax attorneys though, just a CPA will do the trick for most. Self filing should be a last resort for anyone self employed.

clickyclick · 10-26-2008, 01:05 AM

Quote:

Yes currency can go down, inflation can make the costs of good go way up.
Gold still is not stable, never really has been stable - hence price fluctuations.

Anything that have monetary value fluctuate, but gold performance is much supeiror than the damn US dollars:
gold spot price

gold vs us dollars

Quote:

Would have to check on that whole gold was used as a way of exchanging monetary funds before currency existed- I seriously doubt that and you may want to look up the word currency and how it came to be. If anything that would of been spices.

You really need to review history, gold exist long before paper money. People used to pay taxes with gold to the king in England in the old days:
http://en.wikipedia.org/wiki/Gold_standard

Quote:

Assuming currency becomes worthless, you would be hedging that you can use gold to buy what you need i.e. use it as your currency.

That's easy, you pay per ounce of gold. Example, you can buy some things buy things online such as an annoymous hosting with digital currency. You can even get an ATM card and exchange digital gold to cash:
http://www.londongoldexchange.com/

Quote:

For long term security, gold is already at record highs and unless you really think it will go higher without falling at all. That too is something that has passed its prime and should of probably been bought a year or more ago. Even then being fully into gold would be very high risk.

That's true, but the US is in a recession, the gov't is printing money, and the Chinese and countries that bought the US dollars and holding trillions of US currency will probably have to dump it to shore up their own financial problem. As the graph show above this could make gold go higher. The US is in a financial mess, it will be years before it over, so gold is safe, and like I said as long as terrorism exist, it will be safe.

Beside the legendary investor George Soros perdict long ago gold will go higher, fortunately for me I follow his advice and bought some. He mention gold isn't finish and most likely go as high as $1800/oz. Current spot price is around $750. OK, I know i'm being too technical, but search George Soros and gold on google and you'll find the answer why it going higher.

After Shock Media · 10-26-2008, 02:46 AM

Quote:

Originally Posted by clickyclick

You really need to review history, gold exist long before paper money. People used to pay taxes with gold to the king in England in the old days:
http://en.wikipedia.org/wiki/Gold_standard

That's easy, you pay per ounce of gold. Example, you can buy some things buy things online such as an annoymous hosting with digital currency. You can even get an ATM card and exchange digital gold to cash:
http://www.londongoldexchange.com/

Quickly once again. You were speaking of currency, I was speaking of currency. That is why I said to check the origin of currency and mentioned spices. Currency has also existed way before any king of England. Linking to the gold standard does nothing in regards to what you said, nor what I countered with. If you really wish to pursue that path. You really should know that it would be highly debatable that anyone gave the king of England gold for taxes as the standard. Majority of taxes were paid in barter and when a currency was used it would rarely be gold by that time period. The use of silver has a currency was far more common over gold. That though really is a different debate. So again look up the word currency.

Using digital gold to pay for things even with an ATM means you have no gold in your possession again. It means you are having deposits with a bank.

I will presume you do know that every country uses a flat currency now. None out there is on any gold standard. I also figure you would know gold and the likes are subject to hoarding (which fucks up the whole currency idea) and also to market flooding. Which leads me to ask a hypothetical question. If gold went to say 1,500 an ounce (one thousand five hundred US dollars). Then lets say Canada then flooded the market with a massive gold dump from mines or a reserve to cash in. What would then happen to the value of gold?

smutnut · 10-26-2008, 05:04 AM

On a serious note, you can't even take advice from qaulified people because of this global mess right now so who the hell here is going to know a thing.

Assuming you really do want to protect it and not hide it, I just use several bank accounts right now keeping them far below the 100 grand FDIC protection just in case one bank has problems that you have to wait to be cleared up.

If American banks actually do go under they'll drag all the western banks with them and we'll have a lot more things to worry about than the recessions

10-25-2008, 05:32 PM	#1
camperjohn64 Confirmed User Industry Role: Join Date: Feb 2005 Location: Los Angeles Posts: 1,531	How do you protect your money? Cayman islands? Offshore? What do you do to make sure you get most of your money and whatever country you are in, your government doesn't take it all? __________________ www.gimmiegirlproductions.com

10-25-2008, 05:34 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,296	The best place will always be in a mattress... __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - just $50/mo Wanted: CCBill pay sites for sale

10-25-2008, 05:44 PM	#4
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,928	Buried in coffee cans through out the back yard __________________ *YOUR INFORMATION HERE*

10-25-2008, 06:08 PM	#9
robfantasy Confirmed User Industry Role: Join Date: Jun 2002 Location: Medellin, Colombia Posts: 6,445	__________________ Looking to speak w/ high volume nutra CPA affiliates or networks... msg me

10-25-2008, 06:09 PM	#10
camperjohn64 Confirmed User Industry Role: Join Date: Feb 2005 Location: Los Angeles Posts: 1,531	Ok this thread is going nowhere... __________________ www.gimmiegirlproductions.com

10-25-2008, 05:52 PM	#6
[ScreaM] Confirmed User Join Date: Jan 2005 Posts: 1,664	All my money is safe in my boat-house.

10-25-2008, 05:54 PM	#7
smutnut So Fucking Banned Industry Role: Join Date: Jul 2007 Location: Babylon Posts: 5,889	The best way is to put it in a plastic baggy, grease the baggy in vaseline and try and bury it as deep as you can in your anal cavity. That's the way we used to hide things in the joint. In South Park, Cartman smuggled an entire board game into juvey that way.

10-25-2008, 05:57 PM	#8
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	Spread out all over.

10-25-2008, 06:12 PM	#11
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	Hey, I know some nice nigerian investment guys. They are holding the money for me.

10-25-2008, 06:20 PM	#14
clickyclick Confirmed User Join Date: Apr 2008 Location: Somewhere on Earth Posts: 159	Buy gold as they are going up and up... safer than depositing in bank nowaday.

10-25-2008, 07:03 PM	#15
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	I find it much less hassle and easier to just pay all my required taxes and keep my money in the US. Plus I am one of those stupid fucks who really does not agree with how the Government is spending money, I do feel I should still pay my fair share of taxes- after I deduct what I can legally of course. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

10-25-2008, 07:16 PM	#16
The Heron Confirmed User Industry Role: Join Date: Apr 2001 Location: Michigan Posts: 4,487	How do you protect your money? I spend it on hookers and booze!

10-25-2008, 08:53 PM	#17
TisMe Confirmed User Join Date: Aug 2008 Posts: 1,719	My ex-wives take care of it for me.

10-25-2008, 09:38 PM	#21
nottslad Registered User Join Date: Dec 2003 Location: QR MX Posts: 86	Live in a country where you dont pay tax on income earned outside of it, and come from a country where you can bank there but dont pay tax if you're not resident. Mexico/UK - the winning combination!

10-25-2008, 10:21 PM	#24
Adam X Now Giving 1 Fuck Daily Industry Role: Join Date: Apr 2002 Location: California Posts: 2,493	keep it in one of the larger U.S. banks like wells fargo.. or buy gold.. __________________ Cronfund - Buy CRON now and earn 4% plus coin value. The best of DEFI!

10-25-2008, 10:55 PM	#25
Puremeds-J Confirmed User Join Date: Sep 2008 Location: The Mountains of Washington State Posts: 939	Pay your taxes.. the irs has one of the longest memories ever __________________ BiWeekly Payouts with no delay! - Now on NATS - $30 Per Trial - Check, Wire, Paxum! WE GOT AFRICAN MANGO! - Check out our New Reality Tour for CXPILL!

10-25-2008, 11:36 PM	#26
Jens Van Assterdam The Dupre Pimp Join Date: Feb 2008 Location: Koh Samui Posts: 6,677	Yeah pay taxes lol __________________ Read TOS for signature rules

10-26-2008, 12:28 AM	#30
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	I think if you spread your savings around a number of banks well under ther FDIC limit you should be ok. Just in terms of keeping it safe. Obviously in crappy saving accounts you will be losing money to inflation though. __________________ Cashlantis ~ Black Book Cash

10-26-2008, 05:04 AM	#35
smutnut So Fucking Banned Industry Role: Join Date: Jul 2007 Location: Babylon Posts: 5,889	On a serious note, you can't even take advice from qaulified people because of this global mess right now so who the hell here is going to know a thing. Assuming you really do want to protect it and not hide it, I just use several bank accounts right now keeping them far below the 100 grand FDIC protection just in case one bank has problems that you have to wait to be cleared up. If American banks actually do go under they'll drag all the western banks with them and we'll have a lot more things to worry about than the recessions