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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (53075)	9/7/2004 11:36:23 AM
From: Taikun	Read Replies (2) \| Respond to of 74559

<I think the Guild class, folks in the USD 5 mm-10 mm range, is getting mighty nervous as well> Two weeks ago article on attitudes of the wealthy in WSJ said exactly that. 'They were optimistic about the future and their investments but were planning to spend less'. What they really want to say is: 'The IRS shut down my KPMG-recommended tax shelter so my wife and I can't use these under-the-radar credit cards linked to our offshore accounts to bring cash into the US so we'll have to spend less' Warren Buffett, with his bags of Euros, Yen, Pounds might be on to something, I wonder. Rumor has it he uses: everbank.com but for his sake, I would hope he has it stuffed farther away than that. Reminds me of stories my Dad told me about capital controls in the UK where businesspeople put currency in their suitcases and travelled to the continent. If you travel outside the US, I believe there is a limit of $10,000 in currency and negotiable instruments one can carry. Funny how that number has been fixed for over 10 years and isn't linked to CPI or the exchange rate. If currency debasement progresses well they won't have to put capital controls in. Kitco will deliver my physical gold in a few weeks. Then, off on one of many trips to Canada, with those <$10,000 in negotiable instruments as our primary unconcealed-for now-cargo. What would be your recommended form of the yellow metal or would you choose a selection of coins and bullion of differing pedigrees and sizes?