A Jurisdiction of the Investor Question

[messianicdruid]

Greyerz says, “Physical gold and silver will be the best form of wealth preservation and act as insurance against the coming debacle, but it must be held outside a fragile banking system and outside the jurisdiction of the investor. Eventually gold and silver will reach heights which are unimaginable today.”

Anybody want to elaborate on “the jurisdiction of the investor” and why it may be important?

[ziero0]

An investor seeks profit. This is also known as the pursuit of happiness. I guess it makes you happy to profit.

Being outside the jurisdiction of an investor (my opinion) would be to turn a blind eye to the profit potential of a thing in favor of a the use of the thing to survive.

[monty]

I can’t answer your question, but exchanging FRNs for another form of legal tender (U.S. minted coins) shouldn’t be taxable. You have to give about $20 in FRNs for $1.00 face value in silver coin. That should be construed as a loss.

[messianicdruid]

I can’t answer your question, but exchanging FRNs for another form of legal tender (U.S. minted coins) shouldn’t be taxable. You have to give about $20 in FRNs for $1.00 face value in silver coin. That should be construed as a loss.

So, if I sold my eggs for 10 cents of silver legal tender [ per dozen ] I could accept a Mercury dime or one tenth of an Eagle. Since this would be a bit inconvenient, I would sell 10 dozen for one ounce of silver, pick up as layed. But, who would use silver to buy eggs?

[monty]

The OP is about wealth preservation, not using purchasing goods with silver coin. If, or when the need to convert the silver/gold back to the currency of the day arises I suspect you can find a coin dealer who will be more than glad to oblige you.

[Half Sense]

But, who would use silver to buy eggs?

A hungry person with a bag of dimes.

[ziero0]

These symbols represent planes of jurisdiction
gold .... sovereign jurisdiction
silver ... gentlemen jurisdiction
copper .. peasant jurisdiction
FRN .... slave jurisdiction

An investor will use all of them. He is in the commercial jurisdiction of maritime and tax law

The iron jurisdiction rules them all.