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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (25696)8/11/2007 4:13:04 PM
From: Jamey  Read Replies (1) of 81101
 
"It is thus my argument that gold is not the best hedge, and certainly not the only hedge, against the devaluation/debasement of the paper money."

I think all should be concerned, whether one is wealthy and stands to see his wealth dissappear overnight or senior citizens, like myself who have savings but have to depend on a set income. I cannot see that a savings account is the way to go since taxes and growing inflation will certainly leave your money in worse shape then when you began. I hold gold and silver in my bank and have a small concern of bank closings and sealed security boxes that can only be opened with an IRS agent standing next to me. I have thought about getting a 500 lb safe and guns I already have but then their is the small chance of a home invasion or a fire.

I have some in gold and oil stocks but they also are monetized by FIAT money and perhaps they would be affected. In any case I see stocks as the biggest gamble to losing one's life savings.

In any case, if you have another way that is guaranteed or at least has a large margin of safety I want to hear about it. I do not care to buy foreign money as I believe that will be affected also.

If we have a crash, one will have to have some sort of quick moving plan but what?

Jim
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