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: 8bits who wrote (42849)	12/15/2005 2:07:57 PM
From: mishedlo	Read Replies (1) of 116555

My goal is not to live outside the system. My goal is to be prepared if the US currency system collapses. Hence my reference to gold as form of insurance or preservation of value. I am legally employed, I have a credit score of 789. I pay my bills on time and pay taxes. I used my credit card 1 hour ago. I purchased, easily traceable, via a brokerage account stock in an oil firm 3 days ago. I consider my gold a protection against slow or rapid devaluation of US currency not as a means to live outside the system. In an extreme event such as what happened in Russia after the Bolsheviks took power or when South Vietnam fell in 1975, one is more likely to be able to depart the US if you had hidden (Gold for example) assets as opposed a debit/visa card, property, etc. Would it guarantee one could leave..? No of course not. OK but do you have a chip in your head yet? Mish

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