If someone handed you $500K

Discussion in 'General Discussion' started by waugs, Oct 3, 2012.


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  1. waugs

    waugs Monkey++

    With all the fiat money being printed , instability, and uncertainty in the world right now.
    what exactly would you do to preserve and grow a $500K cash asset.
     
    waugs, Oct 3, 2012
    #1
  2. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I'd buy 277 troy oz of Gold or
    14,285 oz of Silver

    but I'm weird like that.

    ;)
     
    melbo, Oct 3, 2012
    #2
    Georgia_Boy, Sapper John and Quigley_Sharps like this.
  3. ghrit

    ghrit Bad company Administrator Founding Member

    I think I'd have to get an NFA weapon and ammo, and some silver with the leftovers.
     
    ghrit, Oct 3, 2012
    #3
    Quigley_Sharps likes this.
  4. cdnboy66

    cdnboy66 Monkey++

    debt first, then gold, silver and brass
    maybe a little bigger patch of dirt to grow some food
     
    cdnboy66, Oct 3, 2012
    #4
  5. waugs

    waugs Monkey++

    I have concur on gold, silver, guns, ammo, prep stuff
    but looking for other ideas that will hold or increase
    value in this upside down world that dumb people are
    voting for. like farm land maybe. need ideas.
    keep them coming.
     
    waugs, Oct 3, 2012
    #5
  6. waugs

    waugs Monkey++

    cdnboy66
    do you pay debt , or incur debt
     
    waugs, Oct 3, 2012
    #6
  7. BTPost

    BTPost Stumpy Old Fart,Deadman Walking, Snow Monkey Moderator

    I would build my Retirement Cabin on my UpLand lot at Excursion Inlet, Alaska.... Complete with All the Solar the roof would hold...... And a Potable Water Well in the basement, drilled before the concrete was poured...
     
    BTPost, Oct 3, 2012
    #7
    Brokor and STANGF150 like this.
  8. waugs

    waugs Monkey++

    btpost

    "An Atheist will never be able to say, "I TOLD YOU SO"!! ...."
    AWESOME
     
    waugs, Oct 3, 2012
    #8
  9. cdnboy66

    cdnboy66 Monkey++

    pay debt off...then never incur debt again.
     
    cdnboy66, Oct 3, 2012
    #9
  10. JABECmfg

    JABECmfg multi-useless

    You could always buy one of those "survival escape pods" that has had everyone so fired up these past few days... ;)
     
    JABECmfg, Oct 3, 2012
    #10
    Sapper John, Gator 45/70, BTPost and 1 other person like this.
  11. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I like all of the above but if this was a bounus 500K that I wasn't expecting, I'd put it all aside and the only thing I trust to remain the same value is Au, Ag or land.

    For instance, I know a guy who put $10K in G & S some years ago and recently put a downpayment on a house with the 60K he sold it for.
     
    melbo, Oct 3, 2012
    #11
  12. ghrit

    ghrit Bad company Administrator Founding Member

    He took his Ag and sold it for debt? Not so sure that was a good move, but I'm glad he got the land out of it. (As long as he pays his "rent" and reduces the debt forthwith.)
     
    ghrit, Oct 3, 2012
    #12
  13. Ajax

    Ajax Monkey++

    I've wondered about buying less expensive metals like brass and copper. Anyone have an option on that? Not that it would be good for large amounts of money but may be good to diversify what you buy and copper has a lot of real use value.

    Personally I like the idea of buying land and properties but in a real TEOTWAWKI it won't really matter much, in real TEOTWAWKI I don't think metals will matter a whole lot either until civilization rebuilds. In economic collapse but civilization goes on I think land is really good as well as metals.
     
    Ajax, Oct 3, 2012
    #13
  14. Tracy

    Tracy Insatiably Curious Moderator Founding Member

    Land. There are some great deals to be had now with the values down. It would grow.
     
    Tracy, Oct 3, 2012
    #14
  15. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    I would put it into an account payable to Leukemia treatments for my granddaughter and anything left would go to their College fund.

    Except for my purchase of a Bottle of Crown Royal XR Extra Rare Heritage Blend Whisky.[boozingbuddies]
     
    Quigley_Sharps, Oct 3, 2012
    #15
    ghrit and Gator 45/70 like this.
  16. Dr Charbonneau

    Dr Charbonneau Monkey

    I'd get a decent piece of land in a nice little mountain area I already have in mind, start building domes there and, yes, start building those survival escape pods. Get a helper or two, rent some domes, probably house the helpers and put what isn't into the pods, into alternative energy research, but the two go hand in hand. Save some back for an advertising budget. Advertise the pods and likely some other products people need that have lower tickets.
     
    Dr Charbonneau, Oct 3, 2012
    #16
  17. Hazmat54

    Hazmat54 Monkey+++

    Buy a nice rural home. One where I cannot have my right hand on my house and my left hand on my neighbors house. Silver and gold? I suppose. Copper? Yes, buy lots of copper wire, all kinds. Copper wire is very useful stuff.
     
    Hazmat54, Oct 3, 2012
    #17
  18. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    for me? It would be Land. They aren't making it anymore (if you exclude where they are pumping sand to make new islands in the middle east and china )
     
    VisuTrac, Oct 3, 2012
    #18
  19. Gator 45/70

    Gator 45/70 Monkey+++

    I'd buy 500 acre's on a lake and build a Monkey retreat,Dig a well and buy a tractor...
    Gator's have no need for a survival escapie poddie thingie...We are our own self encased pod...
    Bring your own...!!!
    I live on a island.
     
    Gator 45/70, Oct 3, 2012
    #19
    VisuTrac likes this.
  20. RightHand

    RightHand Been There, Done That RIP 4/15/21 Moderator Moderator Emeritus Founding Member

    The most basic rule of economics is that value can only be measured by the marketplace so I would probably invest in that which would give me the greatest amount of personal security rather than viewing it as an asset value dependent upon the value set by others. Land and the means to harvest and protect it, will support you, feed you, and provide means for shelter. Next would be PMs if my security needs had been met. While there is good value in them today, we don't know what is coming tomorrow. Traditionally, PMs have retained value but only if sufficient wealth exists to extract that value when needed. I think of it this way, if I only had $1000 to my name, would I trade what little I owned for a nugget of gold? Probably not but I would trade it for a piece of land, a site for a well, a stream for fishing and wildlife to harvest.
     
    RightHand, Oct 3, 2012
    #20
    VisuTrac likes this.
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