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

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To: Square_Dealings who wrote (79079)	2/18/2007 4:59:33 AM
From: critical_mass	Read Replies (3) of 110194

currently you can exchange gold into any currency you want, in any country, to buy things. I think eventually the local banks will start accepting gold for deposits etc. I live in a major city (3-4 million) with one major metals dealer and a several small coin shops that do not really deal in bulk. All of the major banks have gotten out of the business of bullion and coins because there was little demand and tiny margins. As far as I know, the situation is the same throughout Germany. It is hardly an easily tradeable market. If things melt down I decide to make a quick move somewhere, getting coins through the metal detector at the airport and finding a dealer that will accept coins purchased in a foreign country (and might be stolen) are two big issues. Jason Hommel recently wrote a column stating that "Silver, which is true wealth, is not inherently taxable." silverstockreport.com This loophole will not last forever, IMHO.

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