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?

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

Oh boy, some members on GFY are so useful...:1orglaugh

Buried in coffee cans through out the back yard

Where did you live again? :winkwink:

All my money is safe in my boat-house.

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.

Spread out all over.

Ok this thread is going nowhere...

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

What did you expect? You wanted people to post details on illegal activities on a public message board? :1orglaugh:1orglaugh

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! ;-)

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

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.

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

My ex-wives take care of it for me.

Then how do you protect the gold?

Not quite true.

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

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

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!

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

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?

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

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

Yeah pay taxes lol

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.

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.

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.

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.

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.

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.

Anything that have monetary value fluctuate, but gold performance is much supeiror than the damn US dollars:
gold spot price
http://www.kitco.com/LFgif/au1825nyb.gif

gold vs us dollars
http://www.gold-prices.biz/wp-conten...sd-09sep07.JPG


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/

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.

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?

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