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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (15302)	10/1/2008 3:23:01 PM
From: NOW	Respond to of 29622

almost certainly i would think

To: bull_dozer who wrote (15302)	10/1/2008 5:35:46 PM
From: jimsioi	Respond to of 29622

bull dozer, one guess is as good as another.. All through history when governments have fully debased their currency they have moved one way or another against the holders of gold and the freedoms of its people. How it will exactly work out the next time (this time) is anybody's guess. My personal guess is that higher taxes on GOLD profiteering will be the first thing we'll see being consider. That will be the final amber light that's it's time to liquidate paper gold of any kind and get the real stuff, or the paper profits into stable currencies, probably out of the country....not likely to be an easy thing to do at the time, however.

To: bull_dozer who wrote (15302)	10/1/2008 9:54:20 PM
From: ogi	Respond to of 29622

You're Welcome B.D. , you posted two links both of which included the same excerpt referring to holding gold outside the U.S. "So yes – physical gold, you should own. Not derivatives with Citigroup, J.P.Morgan, UBS and investment banks, but physical and outside the US." I was merely responding to that, did not realize my response was such a joke to others. Hope it was worthwhile relief for them in this market. I do not know how the U.S. could confiscate from a citizen that which is held segregated for you in another nation. As U.S. dollars are not redeemable in gold I would assume the confiscation issue has less of an impetus than the historical precedent. The 1933 act targets hoarding and makes no reference to foreign holdings, it was forced conversion at a false price. Today all is so different I can't begin to guess if it would ever happen again, I doubt it, but could not dismiss the idea. Cheers, Ogi