Questions about bonds

[PrinceofWands]

I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

 

[TheGizmo]

might as well stock up on gold, as stocking paper isnt worth anything

 

[Mill]

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

 

[PrinceofWands]

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

 

[K1052]

IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.


Edit: guns too, I wouldn't possess any significant amount of cash or precious metals on my own without a means of protecting them and myself.

 

[Mill]

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

I don't care about irrational fears. Just rational ones.

 

[PrinceofWands]

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

 

[imported_weadjust]

If you think the US Gov't or FDIC is going to fail invest in Fire Arms and Canned Goods.

 

[JS80]

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

Seriously, you're not making any sense. Like Mill said, irrational fear.

 

[PrinceofWands]

Originally posted by: Mill

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

I don't care about irrational fears. Just rational ones.

When I saw accounts seized once I could say to myself, 'wow, what a fluke'. But after seeing three different people (myself included) go through hell because their money was not under their control it was enough of a wake-up call for me. I don't really care if anyone agrees with me, I'm just looking for information.

 

[PrinceofWands]

Originally posted by: weadjust
If you think the US Gov't or FDIC is going to fail invest in Fire Arms and Canned Goods.

Never said anything of the sort.

 

[K1052]

Originally posted by: PrinceofWands

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

You can buy bullion or minted coins locally or online. Most major cities will have a number of companies that deal in precious metals where you can buy/sell.

There are no rules that I am aware of governing the purchase or possession of precious metals.

Insurance would be a little trickier but could be doable I think if your quantity was sizable enough to warrant it and you took certain precautions.

 

[JS80]

Originally posted by: PrinceofWands

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

There are 2 primary ways of commodity investing:
1) Commodity Futures - you're basically buying a contract to buy the underlying commodity. You're essentially buying e-paper. Extremely volatile and very liquid.
2) Coins, bullion - not liquid at all. And if in the future there are no uses for Gold or Silver (or whatever you bought) you are shvt out of luck.

You are better off buying a mutual fund and waiting 30 years.

 

[JS80]

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

I don't care about irrational fears. Just rational ones.

When I saw accounts seized once I could say to myself, 'wow, what a fluke'. But after seeing three different people (myself included) go through hell because their money was not under their control it was enough of a wake-up call for me. I don't really care if anyone agrees with me, I'm just looking for information.

They only seize accounts of criminals. Are you planning on committing a crime or something? We live in a service and information oriented economy. There are no physical assets you can really hold that will appreciate in value and hedge you from economic crisis.

 

[K1052]

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

There are 2 primary ways of commodity investing:
1) Commodity Futures - you're basically buying a contract to buy the underlying commodity. You're essentially buying e-paper. Extremely volatile and very liquid.
2) Coins, bullion - not liquid at all. And if in the future there are no uses for Gold or Silver (or whatever you bought) you are shvt out of luck.

You are better off buying a mutual fund and waiting 30 years.

I was assuming futures were not what he was looking for. I certainly don't recommend people save and invest the way he proposes but if that's what he wants to do then fine.

The odds of precious metals becoming worthless in our lifetimes is rather low.

 

[JS80]

Originally posted by: K1052

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

There are 2 primary ways of commodity investing:
1) Commodity Futures - you're basically buying a contract to buy the underlying commodity. You're essentially buying e-paper. Extremely volatile and very liquid.
2) Coins, bullion - not liquid at all. And if in the future there are no uses for Gold or Silver (or whatever you bought) you are shvt out of luck.

You are better off buying a mutual fund and waiting 30 years.

I was assuming futures were not what he was looking for. I certainly don't recommend people save and invest the way he proposes but if that's what he wants to do then fine.

The odds of precious metals becoming worthless in our lifetimes is rather low.

He asked how to invest in commodities and I told him the answer. Let's try to talk some sense into this guy...

 

[K1052]

Originally posted by: JS80

Originally posted by: K1052

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

There are 2 primary ways of commodity investing:
1) Commodity Futures - you're basically buying a contract to buy the underlying commodity. You're essentially buying e-paper. Extremely volatile and very liquid.
2) Coins, bullion - not liquid at all. And if in the future there are no uses for Gold or Silver (or whatever you bought) you are shvt out of luck.

You are better off buying a mutual fund and waiting 30 years.

I was assuming futures were not what he was looking for. I certainly don't recommend people save and invest the way he proposes but if that's what he wants to do then fine.

The odds of precious metals becoming worthless in our lifetimes is rather low.

He asked how to invest in commodities and I told him the answer. Let's try to talk some sense into this guy...

Well call me crazy but I like a diverse mix of mutual funds and ETFs for my main investing.

 

[JS80]

Originally posted by: K1052

Originally posted by: JS80

Originally posted by: K1052

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: K1052
IIRC, bearer bonds are increasingly rare due to their susceptibility to theft and occasionally criminal uses. They cannot be issued in the US but I don't see any impediment to owning foreign bearer bonds.

I personally think metals are more up your alley. Gold, silver, platinum, palladium, copper, etc..

I don't share you total distrust of banks but I do buy limited amounts of physical silver and gold as a hedge.

Ok, question about metals or any other commodity investing. How does one go about buying such things, and later liquidating as necessary? Are there any rules about such investments? Can you cover these things against theft, fire, etc?

There are 2 primary ways of commodity investing:
1) Commodity Futures - you're basically buying a contract to buy the underlying commodity. You're essentially buying e-paper. Extremely volatile and very liquid.
2) Coins, bullion - not liquid at all. And if in the future there are no uses for Gold or Silver (or whatever you bought) you are shvt out of luck.

You are better off buying a mutual fund and waiting 30 years.

I was assuming futures were not what he was looking for. I certainly don't recommend people save and invest the way he proposes but if that's what he wants to do then fine.

The odds of precious metals becoming worthless in our lifetimes is rather low.

He asked how to invest in commodities and I told him the answer. Let's try to talk some sense into this guy...

Well call me crazy but I like a diverse mix of mutual funds and ETFs for my main investing.

Yess!! Let's (me and you) talk some sense into that guy (OP)!!

 

[PrinceofWands]

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

I don't care about irrational fears. Just rational ones.

When I saw accounts seized once I could say to myself, 'wow, what a fluke'. But after seeing three different people (myself included) go through hell because their money was not under their control it was enough of a wake-up call for me. I don't really care if anyone agrees with me, I'm just looking for information.

They only seize accounts of criminals. Are you planning on committing a crime or something?

You're utterly ignorant in this regard.

Cases I've personally witnessed:

My ex filed against me for defaulting on child support payments I was making to her. I hadnt actually done anything of the kind, but she's nuts and a bitch. In response the state seized and locked all of my accounts, as well as an account of my fathers that I was registered on in the event he passed on. They took money from both of these accounts. When we finally got to court and I successfully argued that she was lying they released the accounts, but did NOT return the funds. Instead they credited my account for the amounts seized and moved my child support to state control instead of personal. That means my father lost money to pay a debt I didn't yet owe. They also increased my child support payments becaues by being on my fathers account they felt I had access to more money than I had claimed. Furthermore I had no money to live on or pay bills with during the proceedings. I never received any compensation for the late fees that I suffered by not being able to pay my bills. Legal or not, right or not, it happened.

My ex filed child molestation charges against me. During the investigation the government again seized and locked my accounts. Again, once the charges were disproven my accounts were released but I was never compensated for the fees I suffered, and I was attacked by child support for them not being able to get their monthly payments.

A friend invested thru his company with what turned out to be something illegal. The company went bankrupt and closed and he ended up losing most of the money he had invested. Mind you, this wasn't a case of stock prices dropping so he lost money on an investment; his investment was simply gone. I realize that there are laws about this, and any investment is risky, but the point is that when you don't have physical control over your money you can lose it in ways you were never aware of. Maybe he could have sued and gotten something back from someone, but it takes money to do that...not everyone is in a position to use the courts to get justice done.

Cases I've read about but not personally been involved in:

People having accounts stolen by criminal investors who then flee the country and no losses are ever returned.

People having accounts seized for possible terrorist or criminal ties that are later returned as unfounded - but again no compensaiton is ever made for the trouble it causes.

People having accounts seized due to identity theft or mistaken identity.

etc, etc, etc.

The point is that if you don't have physical control over your assets they can be taken by any number of methods. Even if they're later returned you're out stress and money and unlikely to ever get it back.

I will NEVER transition to electronic control of my assets. I will ALWAYS maintain physical control of my money. I don't care in the least if you agree or like it.

 

[DaveSimmons]

What about paper stock certificates for major US corporations?

You'll get some growth in value, while your coffee cans o' cash lose value steadily to inflation.

 

[JS80]

Originally posted by: PrinceofWands

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

I don't care about irrational fears. Just rational ones.

When I saw accounts seized once I could say to myself, 'wow, what a fluke'. But after seeing three different people (myself included) go through hell because their money was not under their control it was enough of a wake-up call for me. I don't really care if anyone agrees with me, I'm just looking for information.

They only seize accounts of criminals. Are you planning on committing a crime or something?

You're utterly ignorant in this regard.

Cases I've personally witnessed:

My ex filed against me for defaulting on child support payments I was making to her. I hadnt actually done anything of the kind, but she's nuts and a bitch. In response the state seized and locked all of my accounts, as well as an account of my fathers that I was registered on in the event he passed on. They took money from both of these accounts. When we finally got to court and I successfully argued that she was lying they released the accounts, but did NOT return the funds. Instead they credited my account for the amounts seized and moved my child support to state control instead of personal. That means my father lost money to pay a debt I didn't yet owe. They also increased my child support payments becaues by being on my fathers account they felt I had access to more money than I had claimed. Furthermore I had no money to live on or pay bills with during the proceedings. I never received any compensation for the late fees that I suffered by not being able to pay my bills. Legal or not, right or not, it happened.

My ex filed child molestation charges against me. During the investigation the government again seized and locked my accounts. Again, once the charges were disproven my accounts were released but I was never compensated for the fees I suffered, and I was attacked by child support for them not being able to get their monthly payments.

A friend invested thru his company with what turned out to be something illegal. The company went bankrupt and closed and he ended up losing most of the money he had invested. Mind you, this wasn't a case of stock prices dropping so he lost money on an investment; his investment was simply gone. I realize that there are laws about this, and any investment is risky, but the point is that when you don't have physical control over your money you can lose it in ways you were never aware of. Maybe he could have sued and gotten something back from someone, but it takes money to do that...not everyone is in a position to use the courts to get justice done.

Cases I've read about but not personally been involved in:

People having accounts stolen by criminal investors who then flee the country and no losses are ever returned.

People having accounts seized for possible terrorist or criminal ties that are later returned as unfounded - but again no compensaiton is ever made for the trouble it causes.

People having accounts seized due to identity theft or mistaken identity.

etc, etc, etc.

The point is that if you don't have physical control over your assets they can be taken by any number of methods. Even if they're later returned you're out stress and money and unlikely to ever get it back.

The examples you gave are extreme outliers. There's a better chance of you getting robbed of your coins/bearer bonds or getting it destroyed in a fire.

I recommend you open a safe deposit box at a bank and hoard cash. Or buy real estate.

 

[PrinceofWands]

Originally posted by: DaveSimmons
What about paper stock certificates for major US corporations?

You'll get some growth in value, while your coffee cans o' cash lose value steadily to inflation.

Is there anything to prevent those certificates from being redeemed, or could they ever be invalidated? By either the government or the corporation itself, or any other third party?

 

[JS80]

Originally posted by: PrinceofWands

Originally posted by: DaveSimmons
What about paper stock certificates for major US corporations?

You'll get some growth in value, while your coffee cans o' cash lose value steadily to inflation.

Is there anything to prevent those certificates from being redeemed, or could they ever be invalidated? By either the government or the corporation itself, or any other third party?

Even if you hold the certificates, there is a record with the stock transfer agent that you hold it.

 

[PrinceofWands]

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands

Originally posted by: Mill

Originally posted by: PrinceofWands
I'm getting closer to starting my new career so I'll soon find myself with a lot of extra money. For various reasons I don't use banks or allow anyone else control of my money so in the past I've simply put my money in my safe or other secure locations. In the near future the amounts will be large enough that I would much rather find a way to earn at least a little something on it for retirement, not to mention getting into issues with the sheer bulk of keeping all that cash.

The key, for me, is that I need to have total physical control. I won't do anything that can be interfered with by another party/agency. I originally thought about something like bearer bonds, but I understand they're no longer legal in the US. My understanding is that they're still issued in other countries though, so is it that you can't issue them in the US, or that you can't even have them in the US? I know there are still other forms of bonds, so what are the differences? What kind of payoff is there for such investments? Is there anything similar, where you get a physical object which is absolutely redeemable for cash and cannot be interfered with?

I'm not trying to avoid tax or anything like that, I'm happy to report any earnings and be above board. I just can't release physical control over my money. Any information or help is appreciated.

I think you should invest in a mental institution. Probably better for you in the long run.

Yes, because there's no logic or reason behind what I said. Nothing has ever happened to anyone (especially me) that would lead someone to this position.

I don't care about irrational fears. Just rational ones.

When I saw accounts seized once I could say to myself, 'wow, what a fluke'. But after seeing three different people (myself included) go through hell because their money was not under their control it was enough of a wake-up call for me. I don't really care if anyone agrees with me, I'm just looking for information.

They only seize accounts of criminals. Are you planning on committing a crime or something?

You're utterly ignorant in this regard.

Cases I've personally witnessed:

My ex filed against me for defaulting on child support payments I was making to her. I hadnt actually done anything of the kind, but she's nuts and a bitch. In response the state seized and locked all of my accounts, as well as an account of my fathers that I was registered on in the event he passed on. They took money from both of these accounts. When we finally got to court and I successfully argued that she was lying they released the accounts, but did NOT return the funds. Instead they credited my account for the amounts seized and moved my child support to state control instead of personal. That means my father lost money to pay a debt I didn't yet owe. They also increased my child support payments becaues by being on my fathers account they felt I had access to more money than I had claimed. Furthermore I had no money to live on or pay bills with during the proceedings. I never received any compensation for the late fees that I suffered by not being able to pay my bills. Legal or not, right or not, it happened.

My ex filed child molestation charges against me. During the investigation the government again seized and locked my accounts. Again, once the charges were disproven my accounts were released but I was never compensated for the fees I suffered, and I was attacked by child support for them not being able to get their monthly payments.

A friend invested thru his company with what turned out to be something illegal. The company went bankrupt and closed and he ended up losing most of the money he had invested. Mind you, this wasn't a case of stock prices dropping so he lost money on an investment; his investment was simply gone. I realize that there are laws about this, and any investment is risky, but the point is that when you don't have physical control over your money you can lose it in ways you were never aware of. Maybe he could have sued and gotten something back from someone, but it takes money to do that...not everyone is in a position to use the courts to get justice done.

Cases I've read about but not personally been involved in:

People having accounts stolen by criminal investors who then flee the country and no losses are ever returned.

People having accounts seized for possible terrorist or criminal ties that are later returned as unfounded - but again no compensaiton is ever made for the trouble it causes.

People having accounts seized due to identity theft or mistaken identity.

etc, etc, etc.

The point is that if you don't have physical control over your assets they can be taken by any number of methods. Even if they're later returned you're out stress and money and unlikely to ever get it back.

The examples you gave are extreme outliers. There's a better chance of you getting robbed of your coins/bearer bonds or getting it destroyed in a fire.

I recommend you open a safe deposit box at a bank and hoard cash. Or buy real estate.

Extreme, but I experienced them. Multiple times. I have not ever been successfully robbed however. Not a guarantee, but obviously better odds in my particular life.

I asked my brother about the safe deposit thing but he said it's illegal to put money in a safe deposit box.

That's why I've been asking about methods of investing that retain physical control. I don't mind getting low returns on my money, as long as they're rock solid safe. But I'd rather get no return and keep control than make 4000% interest on money that gets taken away on a whim.

 

[PrinceofWands]

Originally posted by: JS80

Originally posted by: PrinceofWands

Originally posted by: DaveSimmons
What about paper stock certificates for major US corporations?

You'll get some growth in value, while your coffee cans o' cash lose value steadily to inflation.

Is there anything to prevent those certificates from being redeemed, or could they ever be invalidated? By either the government or the corporation itself, or any other third party?

Even if you hold the certificates, there is a record with the stock transfer agent that you hold it.

I don't care about records, again I plan on claiming any earnings. I just care that someone can't press a key on a computer in Olympia or Washington DC and actually physically gain control of my assets.