Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitserve
on 01/05/2018, 08:39:52 UTC
I try to not invest in anything that requires government intervention. This includes stocks, real estate, anything bank related...

well, actually it only leaves crypto.

I would love to own real estate but I have to trust that the government that sanctions such property will not need to extract value from that property when their bills start to add up. Same with anything of value that the government could possibly manipulate. That's why I pulled out everything from my Roth IRA. The idea being that I can invest now and the government won't take taxes on it when I retire...ya, I'll believe that one when the US federal government is $21 trillion in debt.

You could invest in all those things if you counter balance it a bit with a gold holding.   Also avoid leverage is usually best as thats how banks often profit the most, from the people in the most difficult situations.
In 2008 one of the largest banks who received a bailout setup a special division to hunt down business that was relying on them, foreclose and seize the assets for a quick turnover.  They needed the cash quick to appear solvent and taking it from those who cant argue because they took a loan is the easiest way.   Bank overdraft almost always contains the warning we can withdraw and demand repayment immediately and quite a few businesses use those I think.

Otherwise I dont think they can remove your property rights so easily.  You are part of a larger group there.   The guy who called the MBS melt down now owns some bank stocks apparently M.Burry

Price has a stair case higher, looks quite steady progress overall.  9600 area would be over 61% recovery of the double peak decline for this year

I would invest in gold if I weren't so mobile globally.

As for real estate...ya, that might be the last thing they take or it will be the first thing they take if it's convenient for them.

If I don't have enough fellow patriots to come help me with a standoff I'm screwed for that investment.


Of course there is absolutely no investment that is 100% risk free, but real estate is "safe enough". As other posters said it is incredibly unlikely they would just take it from everybody without causing a civil war. Even raising the property taxes significantly is unlikely.

But, above all, that's exactly the point of diversifying and hedging. Don't put all your eggs in the same basket (ie only in real estate). Having a one or two real estate properties when that is just a small percentage of your total net worth wouldn't hurt even if the worst case happens. More so when you just said you would love to own... if not for the fear of being taken from you.

Oh, and that partially solves the mobility problem about gold... you know, a deep hole in a unknown place inside your property...

If you can do it with a small part of your current net worth... I would go for it... but that's just me of course.