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The terms that allow eminent domain must fall under utilitarianism. That is, the reason why your property is taken (to which by law you must be reimbursed 100% of fair value) must be used that will contribute to the better whole of the community. They can't just "take" it and not reimburse you unless they claim criminal activities. Same thing with foreign accounts and foreign assets. Such as tax evasion.

I would never get a safe deposit box at a local bank unless it was something personal and not actual goods.

Should there be any demand to relinquish ownership of anything by the federal government, the government, must reimburse the owner of the object (metal, land, building, etc) the full face value on that day. Without criminal charges, they cannot take it without consideration of your rights of ownership.

As for bulldozing properties, that's if ownership is relinquished, a bank that bulldozes a property does so once the property has been foreclosed on. The loan agreement when you finance a house specifically state if you default, the bank can and will reclaim the asset. That's what "collateral" is. It's entirely different from eminent domain.

well this week is opening up nicely with a sideways market and two Prime ministers essentially out of power. We have Berlusconi of Italy stepping down "gracefully" right on the heels of Papandreou's "emergency cabinet meeting".

What does this mean for bullion?

it means short term gains in the stock market for people who support a stronger euro, followed by the reality check of "oh s**t, these countries aren't ever going to pay up!" thus rendering austerity measures riot provoking measures where bloodshed rather than money will be the Mediterranean style payment of the Greeks and Italians to the Belgians, French, and Germans. And that's before they contemplate invasion...
Afterwards, you should see a strong dollar get weak again as Americans bail out Europe again while China tells America "Beech!? Weah iz my money?". Naturally no one wants to admit the US is actually one of the primary lenders to the world, because then the whole national debt thing would look preposterous - especially when you consider the amount of national debt that is none other than U.S. citizen bond holders and Social Security payments owed to Americans. (in other words, America owes America money, and the rest of the debt comes from China, but we borrowed Chinese Money to bolster the European and Asian Economies).

Eventually all currencies except maybe the Yen and the Swiss Frank will plummet and the value of Bullion will jump. Then Chinese will grow tired of hoarding gold and sell sell sell to bail themselves out of what's coming - hyper inflation and a busted bubble economy for lack of buyers. India on the other hand might gather enough resources to buy out the gold reserves shortly after causing their economy to boom long enough to be at War with Pakistan. Meanwhile, Silver will probably storm it's way up toward what I'm guessing will be 1/3rd, perhaps more of Palladium...

So keep your eyes on Palladium and Pakistan.

I'm moving into real estate. My passive long term holdings is in metals, but the growth in cash flow is going to come from rentals and real property. Anyone who saves dollars is a lunatic though. The only dollars anyone needs is just spending cash. At the most a 50/50 ratio between paper and metals

My dad is getting out of the market, so me and him will work together on purchasing properties as individuals and partners. I'm going to see about making sure his estate planning is up to par too in order to make sure as few dollars goes to the IRS as possible by taking advantage of deductions, exemptions, and avoiding probate.


As far as buying metals now, only for the mid to long term. I wouldn't recommend them for anyone to hold for less than a year, 3 years is more ideal, 5 + years is best.

I still have my 127 ounces, but that's basically an emergency hedge in case something happens all at once.

I'd never buy or sell properties to a relative unless it's my dad and we are doing it for mutual tax benefits and estate planning tools. I would also never rent a property to a family member or friend.

As for all the down sides, there are far more risks driving a car. The risks are not nearly as important as how you manage the risks. At most, I am going to be limited to individual assets if I lose anything. As long as it's cash flow positive, I have little to worry about.

If for example, a tenant "accidentally" trips and sues me, he can't sue me because I will have a network of corporate and limited liability entities that masks who owns the building. While I will represent my companies, which represent me, they will all be independent of liabilities, and protected. One property per LLC then if a tenant comes after all my assets, at best they will only get that one property and I simply shut down the LLC and start a new one.

Or if I get in an accident, and someone sues me personally, they can only take what's in my name, like my car, cash savings, (gold silver if it's on record, etc...)... But they cannot get my properties because they are protected in LLC, managed by corporations, with a 3rd party registered agent whose name appears as the representative of the company instead of me.

There's another strategy too... Looking poor. By taking out the equity and never allowing it to exceed 50k or 100k, or whatever your comfort zone is, you take that money and put it into something else by refinancing. If there is not enough equity in a property, then the plaintiff will not gain much of anything.

In addition to that, I can have authored a clause in the contract that states "If you wish to sue me, and you lose, you are liable for my legal fees."

Also, I don't have to worry about banks nearly as much because I stick to smaller sustainable ones, and private hard money lenders. Aka rich people who make me a loan who are not affiliated with any bank. The interest rates on hard money loans are higher and lending terms are shorter so my margins shrink, but it's a great way to succeed.

And as far as location goes, I keep it to working class emerging markets like Indianapolis.

Yesterday silver leaped to nearly 37/oz but today lost it's daily gain of 4%, bringing it down to 34.5. For those of you who did a sell off yesterday, congratulations, would would have made nearly five dollars an ounce from my last statement. Even selling today would yield $2.5/oz.

The bailouts I've predicted have come, and will continue to come. The Greek turmoil is looking exceptionally messy. Everything but bonds tanked this morning. Why?

Ben Bernanke testified before congress. Apparently things were going too good for him, so he opened his fat mouth.