"Easily the best post-911 article written... Russ, gold will eventually..."
marynell,
Your question of
"... whether our government will allow us to make money on it."
First my memory is small and weak and will assume that
your reference is towards usa folks in reference to the word
government, as i keep reminding myself that access to this
thread is open to anyone on planet Earth able to use this
English language, which for me is lucky since its the only
i know and use. For sure there has to be thousands of people
all over the world that are not Silicon Investor members and have
recently become aware of the situation that identifies once again
the role physical gold has during times of upheavel, especially
now with the superpower usa getting down and dirty with terrorist
and read this thread and other gold silver related.
Sure wish Silicon Investor could refine their web page hit count
to include each thread and even have what i have seened years ago
when a provider of a web page itemized not only the total hit count
for the day along with past hit counts for reference, but also broke
down the days count to where as in nation or country from.
That to me would signal to everyone an above and beyond interest
to monitor activity interest. (bad English grammar sentense, soory)
ok, i lost track of my thoughts again. (as expected)
If you also read the G[old]P[rice]M[onitor] thread then you read
many posts on the ownership of physical gold by usa people
based on history. It was all well and good these posts except
that some used history to predict the future without realizing that
each days events become history tomorrow and those politicians
in the usa government have and do and will continue to run this nation
based on
# 1 Rule - to get re-elected
# 2 Rule - cover-up past mistakes
# 3 Rule - if # 2 Rules causes mistakes, then do # 2 Rule
# 4 Rule - obtain wealth and/or power
# 5 Rule - do # 4 Rule using corruption before honestly
# 6 Rule - # 657 Rule - Mushroom stuff (feed $h!t & keep in dark citizens)
So, the laws of the usa are like fiat paper worthless dollars,
as in they can be ceated out of thin air with no backing of worth
or reason, just so that Rules # 1 - 5 are fullfilled.
Which leads to the following.
To:marynell who wrote (2490)
From: Claude Cormier
Thursday, Oct 4, 2001 5:11 PM
Respond to of 2492
Marynell,
Gold is global.
Many companies are non-US.
I don't think they can do it.
If they try, it will show their weakness.
Other countries will rush to gold.
But if you are really afraid this can happen,
buy non-US companies (buy canadian instead)
and have your physical gold out of the country (buy GoldGrams).
Which might also include that the usa may have already sold
most of it's citizens gold reserves to keep the price low,
and if so China, Russia, Middle East etc now has it,
and yes these nations will not join with the usa to declare
physical gold as an illegal and dumb thing to have.
Seems like a joke, the usa and England etc who have helped
in the keeping gold prices low through selling their reserves
try and have the world declare physical gold as not having
worth as money or a store of value. Oops, and the usa does
this after their printing presses were smoking all these years
flooding the world with toilet paper dollars based on the usa
being the only military superpower and having the biggest
and baddest economy... Oops the usa economy is ????
as in who has ownership of the usa economy
example, General Electric
or using the article Russ just gave out and you referenced.
[start.]
"... when America does eventually pull out of this recession,
it is likely to find that it will have changed everything.
Its pre-eminence in the global economy will no longer
be taken for granted.
At the height of the mania, America financed its Internet
speculations by flogging off its much-derided ‘old economy’
to anybody who would take it. Already many of its utilities
have been bought by the French and Germans, its supermarkets
by the Dutch and Belgians, its bankrupt steel industry
by the Brazilians..."
America has only itself to blame for the predicament
it finds itself in. It is paying the penalty for two decades
of uncritical faith in the stock market. For the second time
in 100 years, it has sacrificed economic stability to the greed
of the financial community. Surveying the carnage wreaked
upon the US economy in the aftermath of the 1929 stock
market crash, Franklin Delano Roosevelt observed,
‘We have always known that heedless self-interest was bad
morals; we know now that it is bad economics.’ But there are
some lessons, it seems, that we are destined never to learn."
[stop.]
so,
who has the physical gold rules
and
who owns the usa economic machines also rule ?
ak |
