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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (2331)11/14/2007 6:33:30 PM
From: ggersh  Respond to of 71475
 
Great post Vi



To: Real Man who wrote (2331)11/15/2007 4:38:50 AM
From: Jamey  Read Replies (4) | Respond to of 71475
 
Vi, I would appreciate an opinion from you or any knowledgeable investor about the possibility of a repeat of the 1930s when President Roosevelt made it illegal to own gold. I'm told that he did not include rare gold but I have a further safeguard that I want your opinion on. I have noticed that the French gold 20 franc, especially the French Angel made in the 1800s, especially in BU and AU grades are quite popular. My thinking is that even if Mr. Bush made a stab at even rare gold he would be unable to confiscate a french coin held in your position since it is not monetarily US gold.

I need your opinion or any others as to the safety of the "Lucky" French Angel since I am scheduled to buy some in the near future.

All comments appreciated!

Jim



To: Real Man who wrote (2331)11/15/2007 9:28:27 AM
From: kaydee  Read Replies (2) | Respond to of 71475
 
<<<Let me see if I have this new definition down correctly – “risk aversion” means you run to the “safety” of US Treasuries with falling yields backed by a collapsing currency and away from gold which has for 6,000 years been the ultimate store of value and the place for safety during times of economic uncertainty and fear! Hmmm… Maybe this is a symptom of our current education system which is more interested in teaching political correctness than history and sound economics and has produced this generation of mental midgets.">>>

An excellent point. I agree 100%...

I always hoped it will change. But Alas, I am disappointed so far...

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Right now (after CPI report of 3.5% from 2.8% and core at 2.2% from 2.1%) gold is down $20/-, treasuries are up and some experts are claiming, treasuries are shouting it AS A SIGN that the Fed has_to & will cut rates in December, 2007. Need I say more?