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JJ.G0ldD0t
10th September 2011, 08:47 AM
Let us all rejoice!;D

I've been working on my old man for a couple years. Just got off the phone with him. He is ready to take the plunge and buy phiz with what's left of his life savings.

He thought it was kind of crazy a couple years ago.
A year ago he began asking questions about how I was doing- knowing I had metal. Over the last year he's looked at my spreadsheets showing my gains... Felt the heft in his hand and began to study and get a grasp on the wicked world of fiat.

This morning he called to ask me the best way out and the best way to get into PM's.

I get to be a coin shop escort in a couple weeks! ... To MY DAD!;D

EE_
10th September 2011, 09:03 AM
Let us all rejoice!;D

I've been working on my old man for a couple years. Just got off the phone with him. He is ready to take the plunge and buy phiz with what's left of his life savings.

He thought it was kind of crazy a couple years ago.
A year ago he began asking questions about how I was doing- knowing I had metal. Over the last year he's looked at my spreadsheets showing my gains... Felt the heft in his hand and began to study and get a grasp on the wicked world of fiat.

This morning he called to ask me the best way out and the best way to get into PM's.

I get to be a coin shop escort in a couple weeks! ... To MY DAD!;D

A lot can happen in two weeks at this stage of the game.
I hope your timing works for you and him.
Euro collapse, Palestinian vote, stock market crash are at the top of the list of concerns.

JJ.G0ldD0t
10th September 2011, 09:08 AM
I encouraged haste. Takes time to extract digits ya know. I wish his timing was a bit better tho.

Sparky
10th September 2011, 09:13 AM
Are you planning to split it up into multiple purchases?

iOWNme
10th September 2011, 09:13 AM
Although this is a good story, doesnt it suck that out of all the things we see today: Immorality, Injustice, the destruction of our youth, the Tyranny of Government, etc. And yet it takes something as superficial as MONEY to open up someones eyes.

This is not a stab at you or your dad, just a general observation.

Humans are the great 'adapters'. We can adapt ourselves to almost anything. And that includes Tyranny, Oppression and Injustice. We can convince ourselves that everything is ok, because we can adapt to it. It is one of our greatest strengths, and also one of our greatest weakness.

Son-of-Liberty
10th September 2011, 09:35 AM
Very good observation Sui Juris. No big deal when the TSA is putting hands down peoples pants but when it hits us in the wallet that is when we get upset.

JJ.G0ldD0t
10th September 2011, 10:21 AM
yeah- I understand... Gotta start somewhere. We all did.

JJ.G0ldD0t
10th September 2011, 10:23 AM
Are you planning to split it up into multiple purchases?

We did discuss this. I suggested keeping purchases below 10k

To big? I'm afraid on the one hand of going too slow- on the other of piquing IRS interest.

Spectrism
10th September 2011, 10:37 AM
But that is not freedom from the matrix. That is just moving to a different house within the matrix. You have to exit the game and slavery to be free.

JJ.G0ldD0t
10th September 2011, 10:42 AM
Although this is a good story, doesnt it suck that out of all the things we see today: Immorality, Injustice, the destruction of our youth, the Tyranny of Government, etc. And yet it takes something as superficial as MONEY to open up someones eyes.

This is not a stab at you or your dad, just a general observation.

Humans are the great 'adapters'. We can adapt ourselves to almost anything. And that includes Tyranny, Oppression and Injustice. We can convince ourselves that everything is ok, because we can adapt to it. It is one of our greatest strengths, and also one of our greatest weakness.

I should respond to this...
Not to defend my dad- More in defense of the quiet, hard working people who simply have gone thru life feeling powerless because they didn't have the knowledge that they actually could do something to make a statement - or even effect change.

And frankly, that's just it. My old man has spent every waking moment trying to make an honest living that he never noticed the world crashing down around him. Can you imagine - out of necessity- a literal life of work, eat, shit, sleep, work, eat... Should he have stopped to take notice? Sure. But is busting you ass to provide a better life not what the ideological America all about?

That's a big part of what makes the whole system so screwed up. Those people were the engine for this whole thing. They could be counted on to be productive (slaves). The evil rich men of the earth used noble ideology (hard work / provide for family) to fund and create a prison planet around them.

So now he's older- he's slowed down -semi-retired because his body can't take the punishment anymore. He opened his eyes.

Now he's too old to fight. But he can pull his money out! lol

I've said some harsh things about boomers before- but I believe that this situation represents a large segment of them.

EE_
10th September 2011, 10:45 AM
We did discuss this. I suggested keeping purchases below 10k

To big? I'm afraid on the one hand of going too slow- on the other of piquing IRS interest.

I believe you only need to worry if it is a cash purchase. Any bank wire is recorded anyway.
Don't be affraid to grab a monster box of silver eagles and a tube of gold eagles with a bank wire. That would be a nice start!
http://golddealer.com/bullionpage.html Ask for Ken Slater, he will answer any questions and steer you right.

I have to add...it's hard for me to advise at todays prices
What you are paying $60,000 for today, could have been had for $10,000 just a few years ago.
Only you can decide what your level of risk tolerance is?

JJ.G0ldD0t
10th September 2011, 10:45 AM
But that is not freedom from the matrix. That is just moving to a different house within the matrix. You have to exit the game and slavery to be free.

Spec...

Leave my allegory alone man.

Freedom in your heart is better than not admitting that you were ever enslaved.

By your definition - there is no hope.

We can only do this one step at a time.

Spectrism
10th September 2011, 10:51 AM
Spec...

Leave my allegory alone man.
Freedom in your heart is better than not admitting that you were ever enslaved.
By your definition - there is no hope.

There is one hope.

I would not call it freedom, when you prep, but protection. It is a way to protect what you have from the thieves.

But it is a sad day when one realizes they are still in the matrix, having put full hope into a partial solution. This is just a step along the way, and it must be known to be only part of the answer.

JJ.G0ldD0t
10th September 2011, 10:55 AM
There is one hope.

I would not call it freedom, when you prep, but protection. It is a way to protect what you have from the thieves.

But it is a sad day when one realizes they are still in the matrix, having put full hope into a partial solution. This is just a step along the way, and it must be known to be only part of the answer.


I can agree on all counts there.

only wish I were more poetically adept :D

JJ.G0ldD0t
10th September 2011, 11:03 AM
I believe you only need to worry if it is a cash purchase. Any bank wire is recorded anyway.
Don't be affraid to grab a monster box of silver eagles and a tube of gold eagles with a bank wire. That would be a nice start!
http://golddealer.com/bullionpage.html Ask for Ken Slater, he will answer any questions and steer you right.

I have to add...it's hard for me to advise at todays prices
What you are paying $60,000 for today, could have been had for $10,000 just a few years ago.
Only you can decide what your level of risk tolerance is?

He's going all in. And we aren't talking hundreds of thousands here..
Blue collar - hard worker 40 years and not much to show for it.

I think we will be going to my shop with cash - or a debit card - first with a gameplan.

If we aren't able to get him set up there- we'll do an online order.

hoarder
10th September 2011, 11:36 AM
So now he's older- he's slowed down -semi-retired because his body can't take the punishment anymore. He opened his eyes.Years ago I read that how busy a man is has an impact on his IQ. People with time on their hands are a bit smarter than people who are overworked. This was definitely the case with me, as I was clueless when I was chasing the almighty dollar and woke up completely within a year of retiring. I have found this to be true of others as well.

That said, we have to undermine the foundations of materialism as this is the poison (admitted in the Protocols) that makes men pursue fancy cars and boats, wasting all their time and energy to attain them and pay taxes on them instead of figuring out what future others have planned for them.

midnight rambler
10th September 2011, 12:09 PM
There is one hope.

I would not call it freedom, when you prep, but protection. It is a way to protect what you have from the thieves.

But it is a sad day when one realizes they are still in the matrix, having put full hope into a partial solution. This is just a step along the way, and it must be known to be only part of the answer.

Buying and holding PMs is only one (small) component of the solution/remedy. Buying/holding PMs alone is not going to save/protect one from ANYTHING, one must have a comprehensive plan to have/preserve *the power to say "No."* First and foremost above and beyond holding PMs is being in a position of producing food at a level of absolute self-sufficiency - and if one is not in an environment/community where one's immediate neighbors are in a position to produce their own food then having all the preps (and PMs) in the world will only act as a buffer for the inevitable - at least imo. You cannot eat PMs.

"Choose this day whom ye shall serve...as for me and my house we will serve the Lord."

Sparky
10th September 2011, 01:01 PM
He's going all in. And we aren't talking hundreds of thousands here..
Blue collar - hard worker 40 years and not much to show for it.

I think we will be going to my shop with cash - or a debit card - first with a gameplan.

If we aren't able to get him set up there- we'll do an online order.

Your call, but my advice would be to split purchases, because it would be very discouraging for him to buy at $1900 and see it go to $1600.

1st purchase: 30% immediately
2nd purchase: 20% in 1-2 months, or below $1750, whichever comes first
3rd purchase: 20% 1-2 months after that
4th purchase: 20% dry powder for a purchase next summer, or below $1700 if that happens before summer
I'd keep the remaining 10% in some type of cash account, or actual cash.

If he does a partial buy, and has to make his next purchase at a higher price, that will not be as nearly discouraging as going all in near the record high, only to see a big correction, which have happened with great regularity during this 10-year bull run. Good luck.

osoab
10th September 2011, 05:08 PM
Is you dad going mostly Au or Ag? Keep it small to begin with, imo. This would help negate any large drop.

osoab
10th September 2011, 05:09 PM
Buying and holding PMs is only one (small) component of the solution/remedy. Buying/holding PMs alone is not going to save/protect one from ANYTHING, one must have a comprehensive plan to have/preserve *the power to say "No."* First and foremost above and beyond holding PMs is being in a position of producing food at a level of absolute self-sufficiency - and if one is not in an environment/community where one's immediate neighbors are in a position to produce their own food then having all the preps (and PMs) in the world will only act as a buffer for the inevitable - at least imo. You cannot eat PMs.

"Choose this day whom ye shall serve...as for me and my house we will serve the Lord."

Good points midnightrambler.

PM's are not a panacea.

palani
10th September 2011, 05:44 PM
Junque cars are made of metal too.

JJ.G0ldD0t
11th September 2011, 02:13 PM
Your call, but my advice would be to split purchases, because it would be very discouraging for him to buy at $1900 and see it go to $1600.

1st purchase: 30% immediately
2nd purchase: 20% in 1-2 months, or below $1750, whichever comes first
3rd purchase: 20% 1-2 months after that
4th purchase: 20% dry powder for a purchase next summer, or below $1700 if that happens before summer
I'd keep the remaining 10% in some type of cash account, or actual cash.

If he does a partial buy, and has to make his next purchase at a higher price, that will not be as nearly discouraging as going all in near the record high, only to see a big correction, which have happened with great regularity during this 10-year bull run. Good luck.

That sounds like a good long term plan... However I think he feels like this will be a way to redeem some of what he's lost.
He'd hate having not traded more FRNS early on if Ag goes 50+ and Au goes 2k+ before year end :D
I stress this is about wealth preservation yet still- I've got a feeling he will want to take a more aggressive approach - But your idea offers a nice structured option. Thanks.

Large Sarge
11th September 2011, 03:47 PM
well I hope you have dear old Dad buy physical silver, and please let him know he is helping to destroy the system. (as well as increase his wealth)

Silver and the internet are the 2 true wild cards

Imagine if Tomrrow Morning Jim Sinclair came out, and said "I spent the weekend reading ted Butler, and the man is a genius, I did a live phone call with billionaire Eric Sprott, and well I am moving all of my physical gold into physical silver, and advising all my clients to do the same as well"

Sinclair has quite a reach, and is really well respected...

that might be enough to "breaK the bank"

Anyway, the point being is that by buying physical silver, you are helping to take your power back from the criminals...

JJ.G0ldD0t
12th September 2011, 05:15 AM
well I hope you have dear old Dad buy physical silver,

yeah- He initially wanted to buy fractional gold... I explained to him about premiums and the GS ratio and I think I have him convinced to just get 2-3 oz of Au just to satisfy the need to have some.

The rest will be in Silver. Its got way more upside all the way around.

Awoke
12th September 2011, 05:41 AM
There is one hope.

I would not call it freedom, when you prep, but protection. It is a way to protect what you have from the thieves.

But it is a sad day when one realizes they are still in the matrix, having put full hope into a partial solution. This is just a step along the way, and it must be known to be only part of the answer.

Even the most serious preppers are merely delaying the inevitable.
For that matter, even the ones who have fully removed themselves from the matrix (as Sui Juris speaks of) are merely delaying the inevitable.

(Even PM's are materialism. The only difference between being materialistic for PM's over cars, boats and fiat is that PMs have intrinsic value. But at the root, it is still materialism.)

This world is struggling under satans grasp. It is a war. The end includes all of us.



Congratulations on your father opening his eyes, JJ!
Good stuff!

freespirit
12th September 2011, 07:18 AM
This world is struggling under satans grasp. It is a war. The end includes all of us.



...just felt that point was worthy of repeating....;)

Libertytree
12th September 2011, 10:25 AM
Buying and holding PMs is only one (small) component of the solution/remedy. Buying/holding PMs alone is not going to save/protect one from ANYTHING, one must have a comprehensive plan to have/preserve *the power to say "No."* First and foremost above and beyond holding PMs is being in a position of producing food at a level of absolute self-sufficiency - and if one is not in an environment/community where one's immediate neighbors are in a position to produce their own food then having all the preps (and PMs) in the world will only act as a buffer for the inevitable - at least imo. You cannot eat PMs.

"Choose this day whom ye shall serve...as for me and my house we will serve the Lord."

I've got to say that this thread, MR's post and recent observations have led me to very similar conclusions. Anything that gives you the opportunity not to be compelled to say yes to them when the time comes is a winner. The ability, knowledge and even the minimal resources to avoid total enslavement is the best we can really do. There is almost no way to get 100% out of the system, lest you start hiking into the wilderness, find a cave and manage to eek out an existence...but is that what any of us call living?

There are only different levels of the Matrix and I guess it depends on which one we decide we can live/exist within and to prepare, looking ahead at a world with a much different version of the Matrix and where we might find ourselves then.

I started my little journey convinced I might have found an answer, now I'm not so sure. At least for now the Matrix I'm/we're living in allows me/us the freedom to explore the Matrix. The inevitable collapse of this Matrix will probably end that freedom and choices will be severely narrowed or non-existent and the ability to be a gypsy vagabond a fond memory of the glorious past.

The only winning is the ability to not totally or easily lose.

Quixote2
12th September 2011, 12:07 PM
Silver 39.86 as I type. Coin shops probably "out of stock" today.