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Politics : Welcome to Slider's Dugout
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To: inchingup who wrote (8425)3/16/2008 10:36:00 AM
From: polarisnh   of 50729
 
A couple of observations. First of all, be careful of using safe deposit boxes in banks. When FDR confiscated gold in 1933 people were not allowed to remove gold from their safe deposit boxes. Secondly, consider purchasing $500 or $1000 (Face value) bags of 90% Silver coins which are currently going for over $7000 and $14,000 per bag as it may be easier to conduct transactions with the individual silver coins compared to the gold ones if there is some form of monetary crisis.

One of the problems with using bars of gold and/or silver compared to coin is that the use of them may require an assay to certify the quantity and quality and that can sometimes take weeks.

Let's hope that isn't necessary.

Cheers,

Steve
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