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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Earlie who wrote (75785)6/7/2002 7:21:53 AM
From: que seria  Read Replies (1) of 99280
 
Earlie: What level of risk do you see that the US gov't
will, if the economy (and tax receipts) continue down:
(1) order "repatriation" of physical gold to the feds;
(2) forbid US citizens to own shares in foreign gold producers, or single out profits on them for a heavy tax?

To me those risks are roughly proportional to how badly the USD, economy, and tax collections tank, and how desperate the feds become for scapegoats and tax revenue. But the climate that might provide cover for such banditry should be apparent in advance. I like the leverage and cyber-portability of shares, not the physical, but then I'm just trying to have a hedge.
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