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Solice Kirsk posted:It's what they told me. A big part of me hopes it was just a scheme to fire me without hurting my feelings and they 5498'd all those funds into another retirement account at another brokerage house or something. I doubt it, but in like 30 years I'm sure as poo poo gonna be checking the obituaries and real estate notifications for their house to see if I can buy it and find the modern equivalent to buried pirate treasure. Great story Solice Kirsk. Their will is going to have to include a literal treasure map or their heirs are going to have to get an archaeological team in to find their inheritance.
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Mar 1, 2016 21:08
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Isn't there an easier way to find buried gold? I know it's not magnetic so a standard metal detector wouldn't work, but maybe sonar? Especially if they bought a lot, so it's probably in bar form.
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Mar 1, 2016 21:26
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edit: nvm, forgot it was posted already
Cicero fucked around with this message at 21:30 on Mar 1, 2016 |
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Mar 1, 2016 21:28
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DACK FAYDEN posted:Isn't there an easier way to find buried gold? I know it's not magnetic so a standard metal detector wouldn't work, but maybe sonar? Especially if they bought a lot, so it's probably in bar form. Sonar or metal detecting would work. http://www.metaldetector.com/learn/buying-guide-articles/gold-prospecting/whats-the-best-gold-prospecting-metal-detector
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Mar 1, 2016 21:28
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Cicero posted:Yelp fired another person who is both poor and stupid: https://medium.com/life-tips/yelp-fired-a-single-mother-today-me-fe9c87e71be9#.ej49jxrsm uh, too late, check the last page.
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Mar 1, 2016 21:29
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r0ck0 posted:uh, too late, check the last page.
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Mar 1, 2016 21:31
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Series DD Funding posted:This is an America-centric forum, you wouldn't expect to hear much from elsewhere... There's a lot of crazy that comes out of America but it's skewed due to large population and Florida. Unfortunately some of the crazy freeman on the land and conspiracy ideas are being exported from America to the rest of the world. It turns out that the internet really does make people stupid. Some crazy nonsense came out about New Zealand's flag change and there was some crazy stuff about the flag change that you would expect from someone ranting about maritime law and gold fringed flags. There was even a recent prosecution by someone who hadn't paid taxes on his farm for 5 years claiming he paid tax to some other organisation.
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Mar 1, 2016 21:51
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After last weeks Full Sail animation retard I did a search on /r/personalfinance and turned this classic up. https://www.reddit.com/r/personalfinance/comments/2i1zea/finances_versus_passion/ quote:I signed up for this because a friend told me this community would be honest. I am at a crossroads: I am halfway through my Master's degree for MFA 3D Modeling (a Midpoint Review scheduled to be in a month), but modeling is not where my heart is. I now know this. I draw more than model, and so I feel visual development and storytelling is where I want to direct myself. But at this point I have put myself in a very VERY deep hole. 280K in mostly private loans for art school to learn you don't like computer animation. Holy poo poo.
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Mar 1, 2016 22:24
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Sepherothic posted:280K in mostly private loans for art school to learn you don't like computer animation. Holy poo poo. A lot of higher education is learning what you really don't like doing. $280k is a pretty drat expensive lesson to learn.
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Mar 1, 2016 22:28
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She needs to move towns for sure...to Europe or somewhere else.
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Mar 1, 2016 23:57
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cowofwar posted:She needs to move towns for sure...to Europe or somewhere else. As someone in that thread pointed out, good luck finding a first world (i.e. European) country that wants broke foreigners with no employable skills. Her only hope really is that her boyfriend somehow ends up rich and that he doesn't leave her along the way as the reality of what a financial anchor she is going to be sets in.
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Mar 2, 2016 00:15
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Nail Rat posted:As someone in that thread pointed out, good luck finding a first world (i.e. European) country that wants broke foreigners with no employable skills. Her only hope really is that her boyfriend somehow ends up rich and that he doesn't leave her along the way as the reality of what a financial anchor she is going to be sets in.
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Mar 2, 2016 00:48
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There's something to be said for sports stars being bad with money. Probably not in massive debt but this guy tried to play contract mercenary and ended up missing out on $149m. http://www.stuff.co.nz/sport/other-sports/77455887/us-baseball-player-ian-desmonds-contract-gamble-costs-him-149m quote:American baseballer Ian Desmond should be celebrating a NZ$12m one-year deal with the Texas Rangers.
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Mar 2, 2016 00:56
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Devian666 posted:There's something to be said for sports stars being bad with money. Probably not in massive debt but this guy tried to play contract mercenary and ended up missing out on $149m. Well, not quite, because it was $12M for one year, and the $161M one was for seven, but still not a great move.
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Mar 2, 2016 00:58
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At best he could have made $23m this year instead of $12, so best case he's down $11m in income this year. As you say not a great move.
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Mar 2, 2016 01:00
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Sepherothic posted:After last weeks Full Sail animation retard I did a search on /r/personalfinance and turned this classic up. Those numbers only add up to 268k, but I guess whats 10k here and there once you reach a quarter mil in debt accruing 8% interest.
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Mar 2, 2016 01:05
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Sepherothic posted:After last weeks Full Sail animation retard I did a search on /r/personalfinance and turned this classic up. I don't even think she has comprehended how screwed she is with that private debt load. The gist of her post is angst about whether switching majors in her MA program (I didn't know you could even do that??) will allow her to rekindle her passion for Art. The debt component is just a sideshow. With any luck she's very talented and can make a good career out of her skills. Then she might have a chance of paying that down with help from family or a partner. More likely she's perma screwed and will just try to ignore the payments indefinitely until something hits the wall. She might as well switch majors and just try to ride this wave for as long as she can. Forget Europe--she could probably eek out some sort of living teaching in Latin America or elsewhere where the immigration laws aren't strongly enforced.
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Mar 2, 2016 01:07
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Devian666 posted:At best he could have made $23m this year instead of $12, so best case he's down $11m in income this year. As you say not a great move.
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Mar 2, 2016 01:26
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Thesaurus posted:I don't even think she has comprehended how screwed she is with that private debt load. The gist of her post is angst about whether switching majors in her MA program (I didn't know you could even do that??) will allow her to rekindle her passion for Art. The debt component is just a sideshow. Talented artists don't go to The Art Institutes.
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Mar 2, 2016 02:16
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TTC is plastered in advertising for for-profit bullshit colleges run by numbered corporations. Really inspires confidence. I guess they collect tuition, declare bankruptcy and start a new numbered corporation and cycle repeats
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Mar 2, 2016 02:24
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Sepherothic posted:After last weeks Full Sail animation retard I did a search on /r/personalfinance and turned this classic up.
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Mar 2, 2016 02:36
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She's in her mid-20's and has probably never had a real job. So 6 years of loans for both tuition and living expenses. I doubt that's all college debt.
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Mar 2, 2016 02:48
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Devian666 posted:There's something to be said for sports stars being bad with money. Probably not in massive debt but this guy tried to play contract mercenary and ended up missing out on $149m. Deadspin wrote about this yesterday as well with a little more depth. Worth a read: http://deadspin.com/ian-desmonds-cautionary-tale-keeps-getting-sadder-1761922513
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Mar 2, 2016 03:21
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Its strange that I feel bad for a multi-millionaire missing out on becoming an even bigger multi-millionaire, but here we are. The Rangers may have just scored the deal of a lifetime with him though.
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Mar 2, 2016 03:32
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Solice Kirsk posted:They told me they had used all but a "small" amount of cash they kept in their house to buy gold and they buried it all over their property in caches. So, they've got all this gold because they think society's going to collapse and money will be worthless. But if that happens, who's going to want to trade them useful products for gold? Why would anyone still want gold in that scenario?
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Mar 2, 2016 05:59
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Series DD Funding posted:This is an America-centric forum, you wouldn't expect to hear much from elsewhere... I don't know, you just don't find a significant number of preppers in other civilized countries, not even in those where the economy actually is going down the drain (like Greece). I'm willing to admit that my perception might be skewed, though.
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Mar 2, 2016 06:32
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Tiggum posted:So, they've got all this gold because they think society's going to collapse and money will be worthless. But if that happens, who's going to want to trade them useful products for gold? Why would anyone still want gold in that scenario? That's always been my question. Why not stockpile things like toilet paper and shampoo if you really think society will collapse?
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Mar 2, 2016 06:43
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CombatInformatiker posted:I don't know, you just don't find a significant number of preppers in other civilized countries, not even in those where the economy actually is going down the drain (like Greece). I forget where it was but I remember reading an interview with a guy who survived the rioting during the economic crisis in Argentina in the early 2000s. He said there were some people who bugged out to the countryside and did the prepper thing, but they tended to fare worse than those who stayed in the cities - the government restored order after a few days or so and after that the gangs took to the hills as well and wrecked the preppers' poo poo.
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Mar 2, 2016 06:51
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Solice Kirsk posted:Its strange that I feel bad for a multi-millionaire missing out on becoming an even bigger multi-millionaire, but here we are. The Rangers may have just scored the deal of a lifetime with him though. In a battle between multimillionaire players and billionaire owners I'll take the multimillionaire.
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Mar 2, 2016 07:31
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Dangit Ronpaul posted:I forget where it was but I remember reading an interview with a guy who survived the rioting during the economic crisis in Argentina in the early 2000s. He said there were some people who bugged out to the countryside and did the prepper thing, but they tended to fare worse than those who stayed in the cities - the government restored order after a few days or so and after that the gangs took to the hills as well and wrecked the preppers' poo poo. He's got a couple of good books out, and he's a lot more level headed than most prepper bloggers. He basically says that even when it gets bad you can still rely on good ol' capitalism, democracy, and the social ties you have with family and friends. It only gets REALLY bad when people start throwing those things out -- and in that case your best bet isn't to run for the hills, but to leave the country. He left when it became obvious Argentina was falling apart irrevocably. Tigntink posted:That's always been my question. Why not stockpile things like toilet paper and shampoo if you really think society will collapse? Well, m'lady, in my foresight I have saved these silver quarters that people will value greatly after TEOTWAWKI. *removes fedora to reveal the (never used) leatherman hidden inside*
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Mar 2, 2016 07:34
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Tiggum posted:So, they've got all this gold because they think society's going to collapse and money will be worthless. But if that happens, who's going to want to trade them useful products for gold? Why would anyone still want gold in that scenario? I guess it depends on what sort of Obama apocalypse you choose. If it's rampant hyperinflation, then gold is your best option. If it's Obama riding on Joe Biden's back while screaming "Who runs Bartertown!" then your gold is going to lose value, but it'll still out perform paper money. Everyone loves gold because it has stored value. Sure, a gold bar's worth of toilet paper might be more useful, but you'd need a warehouse to store it and keep it dry. Plus, if survivors decide it's easier to just use pine cones instead, your Quilted Northern won't get you much while bartering. But gold always has value and it's easy to hide.
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Mar 2, 2016 12:16
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Gold only has value because others believe that it has value, and it historically has had value to others for metallurgical and jewelry reasons that won't really be relevant in the Terrible Obacalypse. Gold having intrinsic value is one of those things goldbugs say to others but mostly themselves. Gold won't buy you food when everyone is starving.
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Mar 2, 2016 13:25
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Volmarias posted:Gold only has value because others believe that it has value, and it historically has had value to others for metallurgical and jewelry reasons that won't really be relevant in the Terrible Obacalypse. The point is gold has value as long as anything resembling civilization still exists. It's also portable, doesn't rot, lose value as it ages, or require maintenance. There's a part in the book 'The Road' where the Man finds some gold coins in a bunker and is all like, "meh". That's kind of the part where you realize the world is over. If gold is worthless then everyone is pretty well screwed anyway.
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Mar 2, 2016 13:34
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Tigntink posted:That's always been my question. Why not stockpile things like toilet paper and shampoo if you really think society will collapse? Liquor. Tons and tons of vodka and grain alcohol. That poo poo would be super valuable if the world collapsed. Disinfect things, get drunk to forget how horrible everything is, burn it for some sort of fuel. Alcohol is the way to go. And ammo.
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Mar 2, 2016 16:41
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Socks and shoes are an overlooked part of a well-diversified end of the world portfolio.
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Mar 2, 2016 18:39
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Solice Kirsk posted:Liquor. Tons and tons of vodka and grain alcohol. That poo poo would be super valuable if the world collapsed. Disinfect things, get drunk to forget how horrible everything is, burn it for some sort of fuel. Alcohol is the way to go. And ammo. Distilling equipment and the knowledge of how to use/repair it then!
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Mar 2, 2016 18:44
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If we're to learn anything from Fallout, every tool chest needs some duct tape.
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Mar 2, 2016 19:02
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Krispy Kareem posted:The point is gold has value as long as anything resembling civilization still exists. It's also portable, doesn't rot, lose value as it ages, or require maintenance. The second sentence makes sense to me. The first one does not. If "anything resembling civilization still exists", then why is gold any better than US dollars? In that hypothetical situation there is just as much reason to believe that gold would be devalued/impractical/confiscated by goons as a hypothetical where the neo-dollar obsoletes the dollar. On the other hand if civilization truly falls then the dollar will be useless but I don't imagine gold would fare much better. I'd rather have water, food, medicine, guns, etc. Or do you figure that the cannibal raiders will give you fair market value for your gold in exchange for some food?
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Mar 2, 2016 21:55
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Maybe we could pitch a gold commodity ETF to the roaming cannibal hordes? If anyone can see the value of an index following commodity investment it would be roaming cannibalistic hordes.
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Mar 2, 2016 22:38
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Magic Underwear posted:The second sentence makes sense to me. The first one does not. I'm pretty far from a goldbug, but civilization doesn't necessarily mean national government (certainly not necessarily on the scale of the US). If there were towns and city-states that were functional but no national economy, gold would theoretically be more valuable than paper currency because there will be a few people who will like to have gold poo poo, whereas you can't really do anything practical with paper money without burning it. That being said, gold would still not be worth very much. Just more than paper currency.
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Mar 2, 2016 23:27
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