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

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To: shades who wrote (66742)7/23/2006 8:41:00 PM
From: ryoung8918  Read Replies (2) of 110194
 
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.

Just as governments have devalued fiat currencies as it suits their needs of retaining control and stopping anarchy and chaos 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.

Nor do I see any orange growers keeping their oranges from the USAF YF-22s or Army tanks either.

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?

In the above strawman scenario, whoever has the biggest gun.
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