SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (29447)3/4/2003 3:31:06 PM
From: energyplay  Respond to of 74559
 
And governments who want to inflate away your paper money too.



To: Snowshoe who wrote (29447)3/4/2003 4:38:03 PM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
<You also have to account for thieves and governments who try to confiscate your gold. >

Governments might prefer people to have gold because it can be stolen from them individually - such as it was stolen from Jews by the Nazis. With money in paper form as "Trust Us, We Know What We Are Doing", they can only steal from everyone. Which is politically risky.

So, to hold gold exposes people to individual expropriation, which, if one is a minority of some sort, is attractive at various times to thuggish governments.

The trick would be to find the gold that people have. They could hide it in their garden.

Mqurice