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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: 8bits who wrote (66550)	7/21/2006 3:00:22 AM
From: shades	Read Replies (1) of 110194

Something that is easily transportable, stored, You know with the brave new world we are living in with satellites and RFID chips and cameras on every corner - storage and transportation are not nearly as anonymous as the old days eh? I know a few folks living in the bahamas from the UK and the USA who thought they had beat the long arm of the tax man - they were wrong. High value collectible stamps are portable eh? You say gold is rare - all of it in the world wouldn't fill up a large warehouse eh? How rare is that misprinted stamp - all of them would fill up how much of a warehouse? and not subject to scrutiny by the US government..? HAHA! I see terrorists with mega hundreds of millions trying to hide from the prying eyes of the financial spooks - cheney says you can run - but you can't hide - that they SCRUTINIZE everything today. My grandpa used to make illegal moonshine - I guess the modern equivalent is the rednecks making illegal meth. In one county I know of they know all the meth makers - they just don't have the jail space or tax dollars to imprison them all. Ummm... no... No guns - how are you different from the aztec then? but I do have one family members who escaped from a Bolshevik prison and one who was able to get out of Austria just before the Nazis rolled in. If I were a white farmer in modern day zimbabwe perhaps your analogy would make sense - but when Janet Reno comes with some tanks for me in clearwater fl - where am I going to FLEE too with my handful of shiny metal? Elroy said lots of places - but never gave me a specific place. You have planned better than him though eh? Intelligence, contacts, and capital are better than guns if the veritable sh!t hits the fan. Yah - like all those people in the 1930's that fled when the gubbment wanted some gold - they fled to zimbabwe right? I heard jim jones went to guyana too when they came for him. Where are you fleeing too? A friend of mine from Vietnam got himself and his entire family out of VN in the early 80s. Guess how he paid for the boat trip..? Ok so when the florida national guard comes and have just executed mogambo who lives down the road from me - and instead of fighting them with weapons I bribe them with some gold - where am I supposed to flee too? My indian friend says he would have just shot your friend and took the gold off his dead body. You are counting on the crooked person you are bribing to not be crooked enough to kill you eh? I think we are quite a ways from such problems. My point about gold is that neither theives nor governments need know you own it. 1s and 0s in a stock account is hard to hide from the tax man, lien man, etc. Yah, you can exist in modern day society bartering gold back and forth with no credit card, no bank account, nada - you don't have those silly things that lets government track you do you? I assure you I still spend money and I enjoy spending it. Yah, I think you need to give your dream a test run - assume the guardsmen are coming for you and mogambo is laying dead with his cold fingers on his gun - where are you going to flee too - when you get there how are you going to eat and what is to stop my crooked cop friend that you try to bribe from just shooting you and taking your gold? Rudolph went into the woods for 5 years - he was caught stealing peanut butter out of a garbage can in the city - so much for the survivalist! The key question is.. will liquidity truly get drained? Right, will it be like japan and money growth and debt expiring taking blows at each other - from what I have read Japan still got a lot of bad loans on the books. Throughout the developed world the burden of the elderly (which are partially going to be cared for by their respective governments..in theory..) is increasing. 2 years ago the average electric bill where I live - Progress Energy was 100 bucks a month for the people that could afford it. They went up on their fuel charge and now the electric bill is 200 bucks a month. That is sure a lot more than a 5% or so money market eh? Bernanke says inflation is contained though eh and the slowing economy is going to make my 200 dollar bill go back to 100 right? years..? no... but I think it will beat CDs and the many US stocks in a 5 to 7 year timeframe. My best advice to you is listen to phil grande and read more here - understand that buy and holding is not a sane strategy for surviving what is coming if you are correct and you better learn to be nimble and be quick and study those candlesticks. We will see. If not.. fine. I don't think it's going to zero and it's only 20% of my wealth (at a dollar cost average of around $375) Property rights - the powers that be enabling them - protecting your assets rather than seizing them - if things get bad like you say may happen - I don't see gold stopping your former protectors turning into your worst nightmare.

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