Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: shades who wrote (50379)	5/1/2006 11:54:14 PM
From: regli	Read Replies (1) of 116555

"Regli you and Jay never tell me how when say a guy with a gun comes along backed by the bankers and the gubbment to make you OBEY their law - old ones or new ones - how you plan to DISOBEY them?" I remember that I described a number of scenarios where Jewish friends of mine fled oppression and at likely the worst possible dangers to their lives and possessions. These friends felt that gold was the most important possession they had and that in many cases gold was the primary reason why they survived. I believe them! Message 22222614 geocities.com It is silly to hope for that 1s and 0s provide better protection under extreme circumstances or for that matter even out of the ordinary situations. I base this opinion on first hand knowledge acquired while developing software for the banking and insurance industries. If the government wants to take the electronic money, there is nothing I know of that will prevent it. It is trivially easy to remove without even troubling to stick a gun in your face and if no trace is desired by authorities, final and without recourse. Physical gold on the other hand is quite difficult to locate should one wish that nobody finds it. However, I do try to protect my 1s and 0s funds by maintaining multiple accounts in different countries so that I can, hopefully at the first signs of trouble, move funds to less troublesome waters. For just such an occurrence maintaining an XETrade.com account is an excellent vehicle as it allows you to move funds and at the same time convert currencies at the lowest expense.

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