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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG (MODERATED)
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To: Tommaso who wrote (13)9/27/2013 1:51:55 PM
From: manothelake  Read Replies (1) of 51
 
Don't really know anything about traveler's checks, Canadian or otherwise. My only concern with them would be when you go to exchange them to make a purchase, if the economy has tanked, what would they use as the basis of conversion. If they give you face value of the check in a currency that is virtually worthless, you take a major hit. I believe the key is having a "currency" that you can access that retains it's value relative to the cost of buying products/services at the current rate of exchange. Gold and silver, are the only commodities readily recognized for that purpose. The problem remains, where can you safely store, get immediate access when necessary, and avoid the temptation to spend it before you might really need it. Again, just my opinion.
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