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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: ogi who wrote (56249)2/1/2008 12:29:46 AM
From: marcos  Read Replies (1) of 78420
 
Confiscation is unlikely to happen again, it would mean admitting that gold acts as a gauge with which the fiat currencies are measured, the powers that be have worked against this perception for years and will not give in to it easily ... quite a different situation from 1933, when it could not be denied that gold was the real money

There won't be a gold standard in any sizeable country again either, those interested in using gold shouldn't want one, it's better to be free of the manipulations of politicians, simply use it out in the wide world

But it's true, we had no confiscation here ... went off the gold standard that year, just chucked it and stayed pegged to the US dollar, which was effectively piggy-backing on Roosevelt's moves
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