Why are there so many "boating" accidents...
- Thread starter vox
- Start date
Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).
Unobtanium
Big Eyed Bug
- Messages
- 465
- Reaction score
- 27
- Points
- 153
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.
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.
Last edited:
Unobtanium
Big Eyed Bug
- Messages
- 465
- Reaction score
- 27
- Points
- 153
Me thinks you are pleading the 5th.
DoChenRollingBearing
Yellow Jacket
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.
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.
Last edited:
mmerlinn
Ground Beetle
How else are they going to explain why they have no gold without paying taxes on the proceeds?
white&yellow999
Predaceous Stink Bug
mike
Ground Beetle
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!
True story!
Unobtanium
Big Eyed Bug
- Messages
- 465
- Reaction score
- 27
- Points
- 153
Confiscators = IRS
swissaustrian
Yellow Jacket
- Messages
- 2,049
- Reaction score
- 0
- Points
- 156
I hear that pm bugs also get robbed frequently :shrug:
Amusingly, I have been pondering taking up sailing recently. Perhaps I should refrain from carrying anything valuable with me!
:rotflmbo:
ADK
Predaceous Stink Bug
Jeez,
I just thought that it was those cheap boats I buy...?
:shrug:
I just thought that it was those cheap boats I buy...?
:shrug:
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
silvercoinrn
Fly on the Wall
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?
But why would anyone go icefishing with their bullion?