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Politics : President Barack Obama
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To: Road Walker who wrote (132766)4/6/2013 5:26:38 PM
From: RetiredNow1 Recommendation  Read Replies (1) of 149317
 
Actually, I put my money in things that can generate more capital. I do have gold, but I think of it like cash. Right now, gold is more secure than cash, because cash is being devalued. I also have paid off my house, because that is more secure than cash or gold, which are more likely to be confiscated before they come after my house.

RW, I won't make this post a long one, even though your post had several important propositions in it that deserve a longer reply. However, I will keep it simple and say that you have way too much faith in the US currency within the context of what is going on in the halls of power in the US today. Every USD is backed by debt...debt that will never be repaid. The full faith and credit of the US is not what it used to be, precisely because we are unable to get our fiscal house in order.
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