T

Perpetuate the positive VII
50% satirical commentary
Entertainment (for myself) only

[T @TRabbit087]

Had to say goodbye to my best friend of 14 years. Just want you to be remembered Ryder. You were a great fucking dog. We all love you & miss you. He turned 14 on Thanksgiving, raised 3 kids, killed hella birds on the farm, hated fireworks, and loved the water. RIP my friend

[T @TRabbit087]

@Bunny_ngl I pulled my drawers off at the hot springs and several moved to get a better view. There's a time and place for everything

[T @TRabbit087]

@be_like_ice You should tell them you're packing your bags

[T @TRabbit087]

@XRPee3 Some riddle some where already told us don't worry

[T @TRabbit087]

@g0lg0t13 Pivot

[David 'JoelKatz' Schwartz @JoelKatz]

14 years ago, we got together with an idea to build a better way to move value. What happened next was something none of us could have built alone.

And by "us," I don't just mean the three of us.

I mean the developers, validators, businesses, community members, and everyone who helped shape XRP into what it is today.

Happy Birthday, XRP!

[T @TRabbit087]

@keshtresor Watch a video of child birth 😆

[T @TRabbit087]

@CannaCollectz Bleached koala kush. Is this indica?

[T @TRabbit087]

@JoelKatz @drokon89 Both good choices, scooby doo movie for the 3rd one

[T @TRabbit087]

@JoelKatz What's the first dead song you will play?

[T @TRabbit087]

@BitcoinIntelX Buy more bitcoin

[T @TRabbit087]

@JoelKatz @Bird_XRPL Plants

[T @TRabbit087]

@Shork_media Easily yes

[T @TRabbit087]

@pierrecoins Need more xrp

[T @TRabbit087]

@CryptoxxxCoffee I'm bower evercuzz

[T @TRabbit087]

@CryptoxxxCoffee Next

[T @TRabbit087]

@learning_yohei Spanish

[T @TRabbit087]

@Bird_XRPL Hardest

[hunter @hxxntrr]

You can take $250K from the banks, buy $250K in gold bars, store them in a private vault, and use the gold as collateral to borrow ANOTHER $200K from a different bank at 4% interest that you use to pay off the original 0% cards

You now have $200K in cash, $250K in gold, and your only debt is a 4% collateralized loan against an asset that has gone up every single year for 24 straight years

This is how billionaires avoid taxes and it works at any scale

Here's the chain:

Step 1: Stack $250K in 0% business credit. Standard play. 6 banks, bureau sequenced, 11 days

Step 2: Liquidate $242K (after processing fees) into your business checking

Step 3: Buy physical gold. Not GLD. Not a gold ETF. Physical gold bars and coins from a dealer like APMEX, JM Bullion, or SD Bullion. At current prices ($2,300/oz) that's roughly 105 ounces. About 6.5 lbs of gold. Fits in a shoebox

Ship it to a private vault (Brinks, Loomis, Delaware Depository). Storage cost: $150 to $300/year for this amount. The vault is insured. Your gold sits in an allocated account meaning those specific bars belong to you, not the vault company

Step 4: This is the magic part. Take your vault receipt showing $242K in stored gold to a bank or private lender. Apply for a Securities-Based Line of Credit (SBLOC) or a collateralized precious metals loan. Multiple lenders offer this: banks, credit unions, and specialty lenders like Vaulted or BOLD

They lend you 70 to 80% of the gold's market value. 75% of $242K = $181,500

Interest rate on a gold-collateralized loan: 3.5 to 5.5% depending on lender and LTV. Call it 4.5%

You now have $181,500 in cash from the collateralized loan. Use it to pay off $181,500 of the original credit cards. Remaining credit card balance: $60,500. Pay that off over 6 months from income or savings

What you now own:

$242K in physical gold (in a vault, appreciating)
$181,500 in collateralized debt at 4.5% (interest-only payments available)
$0 in credit card debt
All original credit lines still open and available

Interest-only payment on $181,500 at 4.5%: $680/month

"$680/month for what?"

For holding $242K in gold that historically appreciates 8 to 12% per year. Gold has had a positive annual return in 20 of the last 24 years. It returned 13% in 2023. 27% in 2024. It's up 23% year-to-date in 2025

If gold returns 10% this year, your $242K in gold becomes $266K. You made $24,200 in appreciation. Your interest cost on the collateralized loan: $8,160/year. Net profit from the spread: $16,040

You're being paid $16K/year to hold gold that the bank's money bought

And here's where the tax play comes in. This is the part that makes accountants get emotional

You NEVER SELL THE GOLD. If you sell it, you pay capital gains tax (28% on precious metals, the highest rate for any investment asset). Instead you borrow against it. Loans are not taxable income. When you borrow $181K against your gold, the IRS doesn't consider that income. It's debt. Even though you have $181K in cash from the loan, your tax bill: $0

This is the same play billionaires use with stock. Elon Musk doesn't sell Tesla shares and pay 20% capital gains. He borrows against them at 2 to 3% interest from Goldman Sachs. He gets cash. Pays no tax. The shares keep appreciating. He borrows more against the higher value. Repeat forever

You're doing the identical play with gold instead of Tesla stock. Bought with bank money instead of PayPal founding shares. At 0% initial cost instead of whatever Elon's cost basis was

The perpetual loop:

Year 1: Gold at $242K. Borrow $181K at 4.5%. Use cash to pay off credit cards and live
Year 2: Gold appreciates to $266K. Refinance the collateralized loan at 75% of new value = $199K. Pay off old loan ($181K). Pocket $18K cash tax-free. New loan interest: $746/month
Year 3: Gold at $293K. Refinance again. Pull out more cash. Loan gets larger but so does the collateral
Year 5: Gold at $355K. Collateralized loan at $266K. You've pulled out $85K in tax-free cash over 5 years from refinancing against appreciation. Paid $0 in capital gains. Gold is still in the vault. Still yours

The $680/month in interest is the only real cost. And it's deductible as investment interest expense if you itemize. At a 37% tax rate that $680/month costs you effectively $428/month after the deduction

$428/month for a self-funding gold position that generates $16K+/year in appreciation and unlimited tax-free cash access through collateralized borrowing

"What if gold drops?"

If gold drops below your loan-to-value threshold the lender issues a margin call. You either deposit more collateral (more gold or cash) or they liquidate enough gold to bring the LTV back in line. At 75% LTV, gold would need to drop 25% before a margin call. Gold hasn't dropped 25% in a calendar year since 2013. And even then it recovered within 18 months

The chain again:

Chase lends you $250K at 0%
You buy gold
You borrow against the gold at 4.5%
You pay Chase back with the gold loan
Chase got $0 in interest
The gold lender gets 4.5% (tax deductible for you)
The gold appreciates 8 to 12% per year
You never sell the gold so you never pay capital gains
You borrow against the rising value tax-free
Repeat until you die

This is how generational wealth works. Not by earning income and paying 37% tax. By acquiring appreciating assets with borrowed money and borrowing against those assets instead of selling them. The tax code was written for this exact behavior

the IRS taxes income. the IRS taxes sales. the IRS does not tax loans. borrow against everything. sell nothing. the billionaires figured this out 50 years ago. you can do the same thing with a credit score and 105 ounces of gold in a vault lmfaooo

(we get 700+ score business owners $100K-$250K in 0% business funding. what you buy with it and how you structure it is between you and your accountant. link in bio)

[T @TRabbit087]

@fw_andyyy Neither are hard, just lock in

[David 'JoelKatz' Schwartz @JoelKatz]

If I had one wish, it would be that everyone in crypto would watch this video I made six years ago.
https://t.co/7DXpGaddN5