O/T Looking for "under the mattress" type investment

[Terry]

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So you're just looking to hide wealth from the IRS right?

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I don’t where the **** you got that idea. Don't be a rude little snot talking out your ass.

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banks in the Philippines are offering 20% annual interest

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Sounds like a classic con to me. Thanks anyway.

[Brainwalter]

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Yes, it could happen again.

In my recent research I’ve come across some interesting stuff regarding gold coin and bullion sales – for instance:

There are companies that will lock in the current price for you on a telephone order. They take your name and address but don’t physically write it on the invoice, writing it instead on a 3x5 card stapled to the invoice. The preferred method of payment is (anonymous) Postal Money Order. Once they receive payment they ship by Registered Mail. As soon as they confirm that the order was delivered they destroy the 3x5 with your personal info on it.

And this is big, reputable businesses that have been around for a long long time. Interesting, the lengths people will go to to protect their privacy.

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I bought some gold coins (Krugerrands) face-to-face from a dealer in town and the only info I had to give them was my first name.

I found it interesting that Sovereigns were also carried as emergency money by WW2 allied pilots in case they were shot down.

[John White]

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I know that investment grade diamonds are something very different from jewelry store diamonds, but that is the extent of my knowledge on that subject.


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The entire idea of diamonds as something that can be re-sold is pretty much a scam.

Have you ever tried to sell a diamond?

[Terry]

Great link. Fascinating reading. Thanks.

[flub]

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So you're just looking to hide wealth from the IRS right?

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I don’t where the **** you got that idea. Don't be a rude little snot talking out your ass.

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Maybe because physicaly purchasing gold is probably the least efficient way to get exposure to gold and only practical if you're using untaxed income. Why do you think the other poster was mentioning the extreme confidentiality of one of the mail order venders? Just the insurance on physically shipping gold would cut a few % off the bat.

If you want gold buy a US T-Bill, open a futures acct with it, and buy it on the futures market.

Or put your money in an ING Orange acct. They're yielding 3%, which is better then gold for any period over the last 30 years to present excepting 2002-2005.

-f