Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (72251)	1/29/2010 5:42:42 PM
From: RJA_	Read Replies (1) of 74559

>>TJ, was thinking about your habit of accumulating GOLD and other precious metals - it may work in China due to their affinity to gold for millennia, but I would not recommend to hoard gold in the US and EU because if really hard times will arrive the government will confiscate the gold you have and track you based on the registered invoices form dealers or banks. Though you addressed this to TJ, I hope you will not mind my comments: Haim, there are plenty of places where invoices are not electronically kept, and which are made out without name or other identifying information... so IMHO this is not necessarily an issue. As to confiscation... always a risk anywhere. And by the way, same with diamonds. Remember 1938 - 1945 in German controlled Europe and Russia... depending there of course on who you were. >>Aside always good to diversify!! Agree. >>As in any situation of turbulence there will be plenty of very rich people and over time I think high quality polished diamonds (not placed into jewelry) bought from certified polishers/dealers (not retail stores) could be much more attractive low chance of confiscation and easier to transport and if proper guarded a sparkling piece of jewelry which can be fit or removed from the preferred wife jewels IMHO the value of diamonds is not easily determined, there is wholesale, retail and a wide gap between same. Diamonds are also a manipulated market... and some very good artificial stones are available... Who is to say that that process will not be improved upon and render your investment worthless? There is to my knowledge no 24/7 world market in diamonds, as there are many grades and colors and cuts of same... so there is a wide risk of what you own is worth, and especially what someone is willing to pay for it at a given moment. PM's avoid most if not all of that. On the upside, diamonds represent very concentrated wealth, that will not set off metal detectors... so great for moving across borders.

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