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

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To: Mike Johnston who wrote (66739)7/23/2006 8:09:18 PM
From: shades  Read Replies (2) of 110194
 
it is a protector of wealth from government confiscation.

History does not support your belief - governments have and will confiscate gold if it suits thier needs of retaining control and stopping anarchy and choas as they define it.

Mogambo may have a few 50 caliber automatic rifles at his disposal - but next to the USAF yf22 and Army tank I don't see how he wins the war against the gubbment snipers.

As for a store of value - you and I are both in the arizona desert - we are very thirsty - I have a bottle of water and you have a gold coin - who has the value? There was a twilight zone episode about this meme - some astronauts thought they had crashed on a far away planet - killed each other trying to get out of the desert - the last survivor found out they had crashed in arizona - HAHA!

You exist at the level of comfort you do because of the government around you - there are other governments and places free of government - seems to be lots of death and killing in those places - why not live there? People will take a lot if it means they get to live longer with certain luxuries - no matter the other freedoms they don't have.
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