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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (25699)	8/11/2007 5:17:07 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81102

James > I have thought about getting a 500 lb safe and guns I already have but then their is the small chance of a home invasion Where I am, having a safe is the surest way to be attacked and countless people have been and tortured until they open their safe. Guns are also useless because the element of surprise is on the part of the housebreakers, who are also armed, and can come at any time of the day or night and in any number, often six or more. I also know of some people who have been killed in cold blood because it was known they carried a firearm. > if you have another way that is guaranteed or at least has a large margin of safety I want to hear about it. I know of no way which you do not and, as far as I'm concerned, no way is 100% safe -- or 100% desirable. Each and every asset, financial and otherwise, involves risks -- and has benefits -- which are pertinent to it. At times of deflation or stockmarket collapses, when the value of all fixed and marketable assets can diminish rapidly, paper money can be the most useful. To the Chinese, US Treasuries are particularly desirable even though they know they will never be able to cash them in. The risk against having gold is clearly the enormous CB overhang on the market (or threat of it) and the knowledge that the CBs HAVE to keep trying to minimize the value of gold in order to justify a value for the paper money. And gold does not provide any income, in fact it requires one to pay in order to keep it safely. As the story goes, having a bit of water to drink may be even more valuable (to the one who is dying of thirst in the desert) than any amount of gold or money etc.