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

To: shades who wrote (66742)	7/23/2006 8:41:00 PM
From: ryoung8918	Read Replies (2) \| Respond to of 110194

History does not support your belief - governments have and will confiscate gold if it suits thier needs of retaining control and stopping anarchy and choas as they define it. Just as governments have devalued fiat currencies as it suits their needs of retaining control and stopping anarchy and chaos as they define it. Mogambo may have a few 50 caliber automatic rifles at his disposal - but next to the USAF yf22 and Army tank I don't see how he wins the war against the gubbment snipers. Nor do I see any orange growers keeping their oranges from the USAF YF-22s or Army tanks either. As for a store of value - you and I are both in the arizona desert - we are very thirsty - I have a bottle of water and you have a gold coin - who has the value? In the above strawman scenario, whoever has the biggest gun.

To: shades who wrote (66742)	7/24/2006 6:12:20 AM
From: Mike Johnston	Respond to of 110194

As for a store of value - you and I are both in the arizona desert - we are very thirsty - I have a bottle of water and you have a gold coin - who has the value? Gold coin owner. One can buy hundreds of gallons of water for one ounce of gold. Unless one is so stupid as to walk into the desert with no water supply and then buy a bottle of water for $600 ! Lets meet somewhere in the Arizona or Nevada desert ! I will give you all the bottles of water you want as long as you give me an ounce gold coin for each bottle. Hell, i will give you 100 bottles of water for 1 ounce coin ! governments have and will confiscate gold First, they would have to hire 100,000 of $100,000 per year employees to search every basement in the country for hidden gold. Or employ military to do it. This might take years. Believe me, most people with any significant gold holdings would transfer assets offshore or would flee the country well before this came to pass. The small sheep will not have to have their gold confiscated by force, they will simply turn it in on government order. Besides not many middle class members own gold, they are mostly in debt.