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The Ultimate Hypothetical Question??

Home › Forums › Silver › The Ultimate Hypothetical Question??

This topic contains 11 replies, has 11 voices, and was last updated by Avatar of SilverHawk SilverHawk 9 months, 1 week ago.

Viewing 12 posts - 1 through 12 (of 12 total)
  • Author
    Posts
  • August 1, 2012 at 7:04 PM #10910
    Avatar of SILVERKING16
    SILVERKING16
    Member

    Ok, so i am a consistant player of the lottery. Not much, maybe $5 a week.  I know its a long shot but as they say “it only takes a dollar and a dream”. So im sitting here thinking about tonight’s powerball. The jackpot is currently $158 Million…if you take the cash option, after taxes you are looking at about $100M free and clear. The question i pose to this forum is what in the world to do with all that cash?? Considering everyone on this forum including myself thinks that cash, stocks, bonds and all other paper assets are the worst thing to be holding now….what to do?? I mean i would literally buy about 2 million ounces of silver but that would only run me about $55M…what else to do with the other 50M ?? Just buy a ton of real estate???? Obviously you are not going to just sit on that cash and wait for it to become worthless, so what to do??……WHAT WOULD YOU DO IF YOU WON THE LOTTERY TONIGHT??

     

    SK16

    August 1, 2012 at 8:18 PM #10911
    Avatar of AGXIIK
    AGXIIK
    Member

    After receinving the annuitized payout of the lottery which would reduce your total by 50% and taxes on top of that, I would take the funds to a safer country, say Singapore or Hong Kong, buy gold and silver and live life large from that time on .  If your silver and gold stack was $75 million you got nothing to worry about if you have your phyzz in a safe secure location at your home residence in a an offshore country with an intact rule of law. Buy a nice private jet with anything you have left over.  Paint it silver.

    August 2, 2012 at 1:18 AM #10914
    Avatar of SilverDuder
    SilverDuder
    Member

    when you get to that point of what to do, you use it to fund causes that you believe in.

    August 2, 2012 at 10:54 PM #10962
    Avatar of jj83
    jj83
    Member

    Personally, I hate lotteries.  Makes people desperate etc etc… but I guess when there’s a slim chance to win big with a “small” investment/bet, then what the hell…

     

    Do it like this guy:

    http://www.businessinsider.com/a-retiree-from-rural-michigan-tells-us-the-moment-he-figured-out-how-to-beat-the-states-lottery-2012-8

     

    “What did he do with his share?

    “Two of my grand kids graduated debt-free from the University of Michigan,” he said.

    And for his personal satisfaction? He bought gold.

    “I think devaluation of the dollar is a certainty,” he said.

     

     

    ROFL

    August 3, 2012 at 1:25 PM #11013
    Avatar of C6
    C6
    Member

    One can only eat so much or use so much and the real joy in life is to help make the world a better place starting with one person at a time. I would build orphanages, schools and churches and then fund them so they continue after I am gone.

    August 3, 2012 at 4:51 PM #11030
    Avatar of UglyDog
    UglyDog
    Member

    Never have purchased a lottery ticket.  Best I can tell winning the lottery is about the worst thing that can happen to you.  So many stories of families breaking up and the lottery winner spending it all and then some and ending up worse off.

    If you win.  Keep it secret and give most of it away anonymously.

    August 6, 2012 at 7:08 PM #11127
    Avatar of RocketsRedGlare
    RocketsRedGlare
    Member

    1st buy a LARGE sail boat that I could SAIL to multable countries all over the world. In each of these countries I would buy a small farm (50 achers or so, with a boat dock) and keep some silver  someplace close in every location. If I felt the need to  get away fast I could.  Millions in silver at todays price! We are talking wealth forever! I wouldn’t forget the criminals that forced me to want to leave my country however and what they have done-oh no.There would be payback!

    August 8, 2012 at 11:09 PM #11232
    Avatar of Xizang
    Xizang
    Member

    Watch out for pirates.

    August 15, 2012 at 12:49 PM #11523
    Avatar of TimeForSomeFun
    TimeForSomeFun
    Member

    The truth is, most of us do not have lots of money because having it would ruin us.  Let’s face it.  People who get and hold a lot of money have a different mind set than the rest.  It doesn’t take a whole lot of money to live very comfortably, but money does something to people and they become convinced they need more of it, and everyone is trying to get it from them.  No thanks.  Don’t want any part of that.  During these times, if you are wondering where you are going to get the money to buy that next batch of silver, remember, if it was meant to be, it was meant to be.  If all you ever do is worry about money, silver, and the economy, you’ll forget to live your life.  Does anyone else feel like this last year flew by in a blink of an eye?

    August 17, 2012 at 1:34 PM #11665
    Avatar of buddy_boy8403
    buddy_boy8403
    Member

    I would celebrate, maybe buy the bar a round, then come home and buy all the JPM stock I can get my hands on.  :-)

    August 17, 2012 at 7:54 PM #11726
    Avatar of SilverHawk
    SilverHawk
    Member

    I’d start buying as much silver as I could for under $9999 per transaction, per company.  Then start thinking up a good story for the UPS and FED EX drivers.

    August 17, 2012 at 7:58 PM #11727
    Avatar of SilverHawk
    SilverHawk
    Member

    Or buy a brand new Ford F-900 Dually Mamma Monster TRUCK, with a camper shell, and hit the USA highways, looking for coin shops.  Or buy a Tesla and just ship the coins home to mama.

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Avatar of mikeyj80
mikeyj80
" If you don't have to sell, don't sell. Tuck it away and forget about it, just don't forget where it is! I will have to get the wife over the hump but think that either a monster box of silver or equivalent in gold is going to be the right move here shortly. We've been saving, and now at the ... " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-24 22:50:41

Avatar of lesnikuss
lesnikuss
" La coca si fiesta fi filaca La coca si fiesta fi filaca ? " Reply To: Ham radio
Posted on: 2013-05-24 09:47:18

Avatar of gogetter1132
gogetter1132
" I picked up a few semi-numismatic coins a couple of days ago. Did not have any of them in my stack so I wanted to round it out a bit with a few of the prettier coins. I am still a fairly young guy at 35 so I am keeping my glass half full. I am certainly discouraged but I do believe that eventuall... " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-23 19:05:54

Avatar of MaryB
MaryB
" Shortwave ham frequencies provide worldwide communications daily.  VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... " Reply To: Ham radio
Posted on: 2013-05-23 00:04:05

Avatar of undeRGRound
undeRGRound
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps. I bet MaryB already has though LOL! Is Morse Code still part of the HAM License?   They cannot really shut down the frequencies, but may attempt to jam them. But more likely they will monitor these channels. ... " Reply To: Ham radio
Posted on: 2013-05-22 22:07:38

Avatar of SilverStacker
SimpleStacker
" There goes the idea that I could get in cheaply!  I knew that was too easy. Would I be able to contact anyone worldwide?  That was my thought going with this idea in the first place.  What's the point in buying one if it doesn't go worldwide?  I thought they all had global abilities.  I may ha... " Reply To: Ham radio
Posted on: 2013-05-22 06:57:19

Avatar of MaryB
MaryB
" that is only good for local line of sight FM communications. You really need shortwave capabilities also. Like the Yaesu FT-817 or FT-857 or FT-897 " Reply To: Ham radio
Posted on: 2013-05-21 23:38:31

Avatar of undeRGRound
undeRGRound
" Good thoughts Folks. I use a local bank for the same reason(s) but those would be more vulnerable than a CU. I have access to one, might switch... " Reply To: Everyone's thoughts on Credit Unions???
Posted on: 2013-05-21 12:26:26

Avatar of undeRGRound
undeRGRound
" I have thought about this. If it is not in the US, it is a risk IMO. Even in the US, it could still be seized in a bank holiday. hard to say   Thanks for perspective, Mammoth " Reply To: Chinese yuan bank account
Posted on: 2013-05-21 11:38:23

Avatar of SilverStacker
SimpleStacker
" Any recommendations on a radio.  This is what I was looking at.  http://www.hamradio.com/detail.cfm?pid=H0-011362.  The other brands I have never heard of.   Just wanted something functional without being too fancy. " Reply To: Ham radio
Posted on: 2013-05-21 10:30:28


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