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

To: RJA_ who wrote (62654)	6/4/2006 10:11:12 AM
From: Tommaso	Respond to of 110194

>>>Never the less, it seems to me based on the amount of money creation since 1980 that we are a still good ways from peak gold.<<< I certainly agree with that. I think the dollar balances around the world are much higher than what shows in the Fed figures, and that a decline of the dollar will be more than compensated for by the rise in gold as measured in dollars. What really bugs me, however, is that if you protect the real value of your assets, the government wants to tax you on your capital "gains." That's really a capital levy, the oldest and most punitive of taxes. I suppose the IRS would really like you report the increased value of any travelers' checks denominated in other currencies that you might spend for food and hotels in foreign countries, but so far I have not seen a request that one report that on a tax return.