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Old 05-24-2012, 08:35 PM   #1
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Why are there so many "boating" accidents...

...involving PM's on this board?

Can someone please explain this phenomenon to me?

Thanks, I'll hang up and listen now...
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Old 05-24-2012, 08:41 PM   #2
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You buy gold.

Because your like your gold so much, you also take it fishing with you.

Unfortunately, you hit a submerged rock and the boat sinks, along with the gold, or so the story goes.

The "confiscators" are welcome to go search the lake for your gold; ......or create your own version of story here.
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Last edited by Unobtanium; 05-24-2012 at 08:43 PM.
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Old 05-24-2012, 08:44 PM   #3
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I have no idea what this means
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Old 05-24-2012, 09:17 PM   #4
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Originally Posted by Penn View Post:
I have no idea what this means
Me thinks you are pleading the 5th.
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Old 05-24-2012, 10:06 PM   #5
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One of my blog readers told me his tale of woe having lost his PMs while icefishing... I wrote him back with my sincere condolences.

I think that the combination of water and PMs is very dangerous. So, next time you go out canoeing, consider leaving the precious in its little hiding pace at home.
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Last edited by DoChenRollingBearing; 05-24-2012 at 10:25 PM. Reason: typo, what else?
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Old 05-24-2012, 10:21 PM   #6
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How else are they going to explain why they have no gold without paying taxes on the proceeds?
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Old 05-25-2012, 12:34 AM   #7
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Originally Posted by mmerlinn View Post:
How else are they going to explain why they have no gold without paying taxes on the proceeds?

This is what I always thought it meant....
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Old 05-25-2012, 03:54 AM   #8
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My great grandpa shipped an enormous amount of gold on a ship that sank at sea. He overslept that day and missed the departure, so he did not go down with the ship. But sadly, the same cannot be said for the gold, which is forever entombed at the bottom of the Atlantic. The name of that ship was the Titanic.

True story!
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Old 05-25-2012, 04:50 AM   #9
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Confiscators = IRS
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Old 05-25-2012, 07:10 AM   #10
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The simple truth is that we are just not very good sailors.
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Old 05-25-2012, 07:33 AM   #11
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I hear that pm bugs also get robbed frequently
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Old 05-25-2012, 07:37 AM   #12
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Originally Posted by PMBug View Post:
The simple truth is that we are just not very good sailors.
Amusingly, I have been pondering taking up sailing recently. Perhaps I should refrain from carrying anything valuable with me!
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Old 05-25-2012, 08:53 AM   #13
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Jeez,

I just thought that it was those cheap boats I buy...?

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Old 05-25-2012, 09:23 AM   #14
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Originally Posted by Unobtanium View Post:
Confiscators = IRS
Step one: Poor soul buys one ounce of gold for x USD
Step two: FED prints a ton of money to give to friends
Step three: Due to money supply increases, the USD devalues by z
Step four: Poor soul needs something and wants to sell the one ounce of gold
Step five: Poor soul sells it for x(1+z)
Step six: IRS tells the poor soul he made a profit of x*z
Step seven: IRS demands "income" tax of x*z*(tax rate)


Moral of the story: Poor soul made no real profits, yet still "owed" the IRS
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Old 10-23-2012, 01:20 PM   #15
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Anyone ever see the episode of into the west where they found the huge ore of gold. sunk to the bottom after the guy fell in the lake with it strapped to his back.

But why would anyone go icefishing with their bullion?
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