Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (41533)	9/14/2005 5:53:27 PM
From: benwood	Read Replies (1) \| Respond to of 110194

Harris says, "[holding gold] is likely to be a false sense of security unless you have "Stealth" ownership, which would make you an outlaw because physical ownership is now required to be reported. How is this "reporting" done now? I wasn't aware of this unless this is a reference to those that sell bullion having to report sales (that rings a bell). Like having anything valuable but unprotected from crooks, I'd get no feelings of security in owning bullion knowing that it will be stolen in a few years when the gov't, like a drug addict, will feel compelled to steal it.

To: NOW who wrote (41533)	9/14/2005 6:12:55 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 110194

I generally agree with his premises. I'm somewhat agnostic about gold being a "lifeboat"....if things get as bad as he says, you won't mind being an outlaw, and alot of other things would probably be banned as well (including private ownership of oil futures or oil company shares, and foreign stocks). OTOH, his conclusion that the social order of things will undergo massive upheaval a la New Orleans post Katrina plus 2 days seems on the money. New Orleans was in a sense a great social laboratory for what happens in a modern American city when social supports give way. If there were a severe shock caused by a derivative event (for instance), and the dollar were to drop 75% overnight accompanied by hyperinflation, who's to say the same kind of chaos wouldn't envelop every US city? Not me....the lesson to be taken home is be prepared and have a plan. Have a place to go (away from . Have food/water/fuel/guns/ammo/generators, and know how to use them. The further we go in this, the more I am tempted to believe my Mormon friends on these things, and the less crazy it all sounds. EDIT: Oh yeah and the part about "reporting gold ownership" was bull$hit. You may have to report (current) large purchases, but that's about all.

To: NOW who wrote (41533)	9/14/2005 6:21:05 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Oddly enough I agree with all the odd ones: 1,3,5,7 I either disagree with or am agnostic about or just plain do not know about the rest of them Mish