How can you get out of the Dollar and get into the Euro here in the U.S.?

[General of Darkness]

And I'm not talking 10K I'm talking 100+K. I think the dollar is going to tank like a mofo, and I don't want to hold any of it. Yeah I know replacing one fiat for another, but I think the Euro is definitely going to be more stable.

Any thoughts.

[Filthy Keynes]

I did a swap of that much a few years ago. I just asked my bank (PNC Bank) to give me Euros. It took a couple of days and they called me and said "The Euros are in. Come pick them up".

[General of Darkness]

I did a swap of that much a few years ago. I just asked my bank (PNC Bank) to give me Euros. It took a couple of days and they called me and said "The Euros are in. Come pick them up".




Thanks FK, can I actually have lets say a CD in Euros?

[Silver Shield]

And I'm not talking 10K I'm talking 100+K. I think the dollar is going to tank like a mofo, and I don't want to hold any of it. Yeah I know replacing one fiat for another, but I think the Euro is definitely going to be more stable.

Any thoughts.


You are jumping out of the frying pan into the fire!

Once the dollar goes, ALL fiat currencies will follow in a collapse to the bottom.

Buy gold and silver!

[chad]

germany's talking about getting out of the euro, once that happens, it's garbage.

[General of Darkness]

germany's talking about getting out of the euro, once that happens, it's garbage.


I didn't know that. Hell, if German gets out of the Euro the EU collapses and that's great news. I'll have to look into Swiss Franks as an alternative.

[DMac]

germany's talking about getting out of the euro, once that happens, it's garbage.


I didn't know that. Hell, if German gets out of the Euro the EU collapses and that's great news. I'll have to look into Swiss Franks as an alternative.


General,

Don't buy Euro. Buy Canadian, Australian or Swiss currencies (in that order of importance, IMO).

[chad]

australian is good, it just moved past the dollar this morning.

[DMac]

CAD/AUD both have some sort of commodity backing. Not pure paper. The Swiss claimed to have moved from the 40% gold standard they used to have to a pure paper frank, but I don't believe them. Crafty bastards they are..

[chad]

i hope not. i have a shitload in my swissquote account. those bastards better not try to screw me.

[General of Darkness]

Australia is in a TON of debt like the U.S. and England so that wouldn't really be a choice I consider.

So here's the REAL question, how do I take the dollar convert it into something else, non PM, that can be safe, used, easily accessed and transfered to other bank accounts legally.

[chad]

Australia is in a TON of debt like the U.S. and England so that wouldn't really be a choice I consider.

So here's the REAL question, how do I take the dollar convert it into something else, non PM, that can be safe, used, easily accessed and transfered to other bank accounts legally.


you can do like i did. open a swissquote account, wire money in to it and park it in CHF under the auspice of "you're going to trade with it." then never trade with it. just let it sit there in CHF. you can put it in EUR as well, if you want. it's swiss, so it's all secret, you have to have all of this multi passcode shit to get in to your account.

[Libertytree]

General, it seems like a bugout location, supplies, water source, solar etc etc would be a whole lot wiser than any fiat ever would be and for 100K you could set yourself up pretty damn good.

[Low Pan]

germany's talking about getting out of the euro, once that happens, it's garbage.


You are exactly right. Germany has calc'd that if they left the Euro than their currency would appreciate dramatically overnight.

http://news.goldseek.com/GoldSeek/1271693749.php


These are among the reasons why in a letter to clients late last week, Morgan Stanley warned that Germany may leave the euro and the EMU and that investors should be prepared for this event.

If this event happens, it may create an enormous financial windfall for millions of individual Germans, as well as German companies, not to mention the German government.

[Low Pan]

Australia is in a TON of debt like the U.S. and England so that wouldn't really be a choice I consider.

So here's the REAL question, how do I take the dollar convert it into something else, non PM, that can be safe, used, easily accessed and transfered to other bank accounts legally.


you can do like i did. open a swissquote account, wire money in to it and park it in CHF under the auspice of "you're going to trade with it." then never trade with it. just let it sit there in CHF. you can put it in EUR as well, if you want. it's swiss, so it's all secret, you have to have all of this multi passcode sh*t to get in to your account.



UBS folded to US Gov't pressure, Swiss accts are no longer secure as they were before:

http://www.irs.gov/newsroom/article/0,,id=110092,00.html


The IRS continues to uncover abusive tax-avoidance schemes involving offshore activity. Find information here pertaining to Union Bank of Switzerland (UBS).

[chad]

well, i'm not trying to hide money, i mean i disclose i have it when i do taxes. i'm just trying to prep for coming currency controls. if i ever have to bug out to europe- BAM there's a big bank account sitting over there.

[Libertytree]

well, i'm not trying to hide money, i mean i disclose i have it when i do taxes. i'm just trying to prep for coming currency controls. if i ever have to bug out to europe- BAM there's a big bank account sitting over there.


There is no hiding anything and if the USD goes down so does every fiat POS paper in the world. THE only currency worth a damn are hard tangible items you can put your hands on that have value to you or someone else.

[k-os]

For my trip to Cuba, I bought Euros from some company online, and they were mailed or express mailed to me. Of course, this was considerably less than what you are talking about. :D

[TheNocturnalEgyptian]

With all due respect,

http://wholesalegoldgroup.com/wp-content/uploads/wpsc/product_images/swissfranc20gold.jpg.jpg

[palani]

Use the post office money order to get to SDRs. You get USD, EUR, GBP and JPY combination.

I don't believe I would go for more than several money orders though.

[chad]

Use the post office money order to get to SDRs. You get USD, EUR, GBP and JPY combination.

I don't believe I would go for more than several money orders though.


hmm, how do you do this? is there a form or something?

[TheNocturnalEgyptian]

Palani makes a great point. Any transaction of this size, no matter what vehicle you use, will definitely show up on somebody's radar somewhere.

[mick silver]

if i thought the buck was ready to fail then why would i want more paper with that much cash why not hold gold and silver

[palani]

hmm, how do you do this? is there a form or something?

Do a search on the post office web site for money order and sdr. I heard they started issuing MOs in sdr units a while back. Your local post office should be able to handle it.

[gunDriller]

And I'm not talking 10K I'm talking 100+K. I think the dollar is going to tank like a mofo, and I don't want to hold any of it. Yeah I know replacing one fiat for another, but I think the Euro is definitely going to be more stable.

Any thoughts.


unless you have very good connections, you will pay a 5% exchange rate on both sides of the transaction - buying Euro's & selling Euro's.

the Canadian $ is an option.

definitely you need to read up on FBAR (foreign bank account reporting requirements).

the IRS started enforcing this law on June 30, 2010 of this year, and they are getting serious.

the law requires Americans to send a document to the US Treasury stating all foreign investments.

it is capital controls for real. $500K fine for not reporting.

at this point i think it's better to use PM's as a form of savings if you're in the US, better than Euro's. less reporting requirements, fewer vampires sinking their teeth into your life savings.

[Ponce]

I for one am holding Canadian dollars.......only have about $23,000 in US currency.......not counting my bricks of nickels and loose change.....the US currency will be for the sheeps that only understand it.

[osoab]

And I'm not talking 10K I'm talking 100+K. I think the dollar is going to tank like a mofo, and I don't want to hold any of it. Yeah I know replacing one fiat for another, but I think the Euro is definitely going to be more stable.

Any thoughts.


unless you have very good connections, you will pay a 5% exchange rate on both sides of the transaction - buying Euro's & selling Euro's.

the Canadian $ is an option.

definitely you need to read up on FBAR (foreign bank account reporting requirements).

the IRS started enforcing this law on June 30, 2010 of this year, and they are getting serious.

the law requires Americans to send a document to the US Treasury stating all foreign investments.

it is capital controls for real. $500K fine for not reporting.

at this point i think it's better to use PM's as a form of savings if you're in the US, better than Euro's. less reporting requirements, fewer vampires sinking their teeth into your life savings.


Land in a state that doesn't have property taxes would still be a good place too.

Could just bite the bullet and pick up currency at a currency exchange place. Just to get the physical fiat.
You would need one heck of a return to make it profitable.

General, have you looked at mining shares?

[mick silver]

also you need to think about getting out of the state your in ... the cash you have would go alone way to doing that . plus have some left over ... get some land and move your family

[Ponce]

Rat Holer? ................. in what is to dome if I were to buy something from you and offer US dollar or Candadian dollar in exchange.........which one would you take?

[Low Pan]

I just posted this thread: http://gold-silver.us/forum/general-discussion/some-good-people-imo/

The part pertainent to this topic was this bit:

The prize was in Canada dollars (roughly equal to U.S. dollars at current exchange rates).


unbelievable, or at least it used to be.

[Filthy Keynes]

I just posted this thread: http://gold-silver.us/forum/general-discussion/some-good-people-imo/

The part pertainent to this topic was this bit:

The prize was in Canada dollars (roughly equal to U.S. dollars at current exchange rates).


unbelievable, or at least it used to be.


It's all good until you realize that Canadian banks have ZERO RESERVE REQUIREMENTS. And I mean ZERO. I live in Canada now; escaped USA, but dang.... ZERO. I have bare minimum of cash in my ScotiaBank account - just enough to pay my RENT. Yes I rent.

[kregener]

You are jumping out of the frying pan into the fire!

Once the dollar goes, ALL fiat currencies will follow in a collapse to the bottom.

Buy gold and silver!


This...yes, definitely THIS!

[Light]

And I'm not talking 10K I'm talking 100+K. I think the dollar is going to tank like a mofo, and I don't want to hold any of it. Yeah I know replacing one fiat for another, but I think the Euro is definitely going to be more stable.

Any thoughts.


Buy whatever the Jews recommend to you or buy replacement parts for your damaged paintball gun. :)

[cthulu]

You guys sound rich. When can I move in? ;D

[Libertarian_Guard]

You guys sound rich. When can I move in? ;D


Accommodations will be available once my dog passes on. I’ll keep you in the loop.

[Rebel Yarr]

I can't believe anyone around these forums would consider FIAT at this stage.

That said - If I had to diversify into FIAT - I would do a basket fund - might need more than 10k to open these days.... easy to get in and out.

Holding paper it would be CAN or AUS. It isn't about the debt - but the resources that back them. Not holding FIAT here though.

Wouldn't touch either at this stage - best of the evils would be equities. Get a solid stock in a closed end fund like CEF - gold and silver in the vault in Canada. Need to diversify further away form gold? Go with Agri producers in the US.

Don't want stocks? Buy next years toilet paper supply in Eastern Oregon.

[General of Darkness]

I can't believe anyone around these forums would consider FIAT at this stage.

That said - If I had to diversify into FIAT - I would do a basket fund - might need more than 10k to open these days.... easy to get in and out.

Holding paper it would be CAN or AUS. It isn't about the debt - but the resources that back them. Not holding FIAT here though.

Wouldn't touch either at this stage - best of the evils would be equities. Get a solid stock in a closed end fund like CEF - gold and silver in the vault in Canada. Need to diversify further away form gold? Go with Agri producers in the US.

Don't want stocks? Buy next years toilet paper supply in Eastern Oregon.


Rebel, there's no secret, I don't plan on being in the U.S. after about, worst case scenario, 3 years. How would you recommend I move EVERYTHING into PM's, then get that to Europe?

[Rebel Yarr]

Bullion vault or similar vaulting - where you own physical gold in a vault and can withdrawal it in various parts of the globe. There are a lot of answers - you just have to look.

[bellevuebully]

General.....just something to keep in mind.....read between the lines on this one, something I'm sure you're good at.

Pimco's Bill Gross (regarding QEII) was recently asked in an interview.."when do you stop selling dollars?" His answer was...."when China and India are doing what we are doing right now in America". Hmmmmmm......

Paper = bumwipe....until they come up with a viable hard-backed currency. Personally imo, when that conversion happens, everyone holding paper will get the shaft. I'd hold hard currency or land until that day happens....which again, imvvho, will be within the 3 year timeframe. Once the sovereign currency defaults start happening in earnest, they will have to make a move, or risk getting the whole world caught up in it.

But I would definitely get out of the U.S. Pick a good, poor country where you can pay off the goons for pennies on the dollar when tshtf. I'm gonna ride it out in Kanada. I'm not too fond of this world anyhow.

[Light]

I can't believe anyone around these forums would consider FIAT at this stage.

That said - If I had to diversify into FIAT - I would do a basket fund - might need more than 10k to open these days.... easy to get in and out.

Holding paper it would be CAN or AUS. It isn't about the debt - but the resources that back them. Not holding FIAT here though.

Wouldn't touch either at this stage - best of the evils would be equities. Get a solid stock in a closed end fund like CEF - gold and silver in the vault in Canada. Need to diversify further away form gold? Go with Agri producers in the US.

Don't want stocks? Buy next years toilet paper supply in Eastern Oregon.


Rebel, there's no secret, I don't plan on being in the U.S. after about, worst case scenario, 3 years. How would you recommend I move EVERYTHING into PM's, then get that to Europe?


Cargo pants.

[Cebu_4_2]

Bullion vault or similar vaulting - where you own physical gold in a vault and can withdrawal it in various parts of the globe. There are a lot of answers - you just have to look.


That sounds the most logical, unless they shut the banks down and take your deposits like in the depression. Perhaps finding a source to purchase land or rental housing that you could earn some income with until you can personally go yourself.

[k-os]

Rebel, there's no secret, I don't plan on being in the U.S. after about, worst case scenario, 3 years. How would you recommend I move EVERYTHING into PM's, then get that to Europe?


Private aircraft.

[Rebel Yarr]

Cebu - Via mat, who bullion vault and others use, is not a bank. Def not my first choice - but I am not trying to get into euros or have gold withdrawn in Europe.