I dont think my advice was particularly good, but Clayton and myself appear to have a difference of opinion.
not a bad idea, but why pay debts now when you can pay them according to the schedule you already have and preserve spending power jow, before the crash? Dollars are just going to get less valuable, those are the dollars you want to use to pay down your debts. A windfall should be husbanded. Everyone please note that I havent advocated default, simply continuing to pay debts according to the previously agreed-upon schedule.
if he wants to expatriate, most of this advice would be different.
thats absolutely true
11 pounds of gold is easily storeable by an individual. As far as the risk, well thats an individual’s decision. But it doesnt make very much sense, to me, that the only rational vehicle for long-term savings would also be unsuitable for individual storage, and the numbers dont really suggest that to me. I also tend to think that unimproved land, especially with mineral rights is also a suitable goal for long term wealth preservation. But thats because after lunch I mentioned this thread to my bookkeeppeerrr and thats what she mentioned. Overseas accounts are fine if you trust those banks, and want to go expat.