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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (96204)	11/9/2003 7:48:04 AM
From: Real Man	Read Replies (3) \| Respond to of 116764

Thanks, Bob. I think physical silver is a better hedge than physical gold, and for a good reason. In 1933, gold was taken away from people, in exchange for $20 (per OZ), then it's price was hiked to $35. In more recent history, nations in currency crises collected gold from citizen. It happened before. Who said it won't happen again? I don't think they will take away silver. As for I-bond, it could be good enough, if you trust US government inflation estimates. I think they are consistently lower than reality, due to well-known hedonics. So the real rates on I-bonds are still negative. Bonds in other countries may be a better deal at this point. All currency crises in other countries ended in defaults on some kind of external debt of the governments. In USA, 10-year treasuries are widely held by foreigners. There are essentially 2 ways out - currency depreciation, or T-bond default. I think they may consider the second option, if there is hyperinflation, in order to stop the dollar collapse.