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To: Man on the moon who wrote (64265)9/15/2008 8:23:33 AM
From: CondorRespond to of 118717
 
I see it as wealth preservation.
Should the fiat currencies plunge then perhaps the value of gold will escalate in those currencies to help offset their losses.

Are you going to walk around with a little rock hammer and chip off piece to pay to fill up your tank?

Obviously not.

Message 24949540

'Then things change and some survive by knowing the end is near and transform themselves. But then there are the millions of naïve who believe in the concocted stories and they fulfill a purpose.'

The situation reminds me of viscious insurrection that occurs periodically in some countries (EG: Bosnia, hurricanes ). I have always thought, why would someone expose their families to that disastrous risk as the situation unfolded and not take measures to protect (run away)?

Procrastination and inaction MIGHT lead to dire consequences. I guess I just see "doing something" as proactive as insurrection appears to be rearing its head.

Whats the downside to my plan?

Whats the downside to yours?

In any event, good luck to both of us.

Cheers

C



To: Man on the moon who wrote (64265)9/15/2008 8:43:27 AM
From: TWICKRespond to of 118717
 
You'll also need a scale, and a test kit to prove authenticity. Careful what kind of scale you buy. You may be mistaken for a someone who intends to pay with columbian gold.



To: Man on the moon who wrote (64265)9/15/2008 8:47:50 AM
From: Keith FeralRespond to of 118717
 
People are looking for alternative currencies. The Treasury got ahead of the crowd by shutting down the available supply of gold bullion. How can there be a bull market rally in gold if there is no gold to buy? The only way for the gold bulls to play is through electronic trading, which defeats the whole purpose of getting money out of the system. The government has been carefully planning for this event since July.

Brent crude falling under $93.



To: Man on the moon who wrote (64265)9/15/2008 8:59:12 AM
From: SoberRead Replies (1) | Respond to of 118717
 
what you are going to do with gold in times of crisis, is slowly convert it into the currency of your country at the time you need it.

You would continue to hold the remaining physical gold until you need to cash in some more.

As your currency falls in value, the gold will bring you more and more of the currency at the periodic cash out times, thus preserving your wealth and protecting you from the falling fiat currency value.

But I am sure you know this, and the little hammer and the scale message was just a thoughtless answer.

Sober