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To: A Horse With No Name who wrote (90701)	11/23/2008 12:50:16 AM
From: The Vet	1 Recommendation Respond to of 116555

If all of your assets are denominated in a single currency as most peoples are, then you have your eggs in one basket anyway! Is having a wide range of diversified assets that can only be liquidated in a single currency true diversification? Gold can be relatively easily changed into any fiat currency or even directly exchanged for other goods and services in many countries. I can see a time coming when even the well known and liquid currencies like the US dollar and the Euro will get more and more difficult to use or exchange for local good and services in foreign countries. In fact that time has already arrived in some places. On a recent overseas trip I was quoted and was told I would be billed for local expenditure in US dollars, but when the actual time to pay came around I was told that the new company policy now was to bill only in local currency.

To: A Horse With No Name who wrote (90701)	11/23/2008 1:13:22 AM
From: Proud Deplorable	1 Recommendation Read Replies (1) \| Respond to of 116555

What MUST Be Done To Avoid Financial Destruction Posted: Nov 22 2008 By: Jim Sinclair Post Edited: November 22, 2008 at 10:40 pm Filed under: General Editorial My Dear Extended Family, Things are now "Out of Control." This international financial crisis is now out of control as the world asks if the USA has two presidents, one president or no president at all. It would appear that Paulson is in financial control with Bernanke as his second. I warned you by personal email long before the statement was proven totally correct that “This is it.” That was followed by “This is it, and it is now.” Many people laughed it off. This is it, and it is now. Now it is out of control. Now we enter the Collapse of Confidence period. Then we begin the Weimar Experience. It has all hit the fan, and still the absolute majority have no clue. The OTC derivative dealers broke the system into millions of pieces of glass. This broken glass cannot be put back together. It is heart rending to see a picture of GM autoworkers holding a prayer meeting for their retirement funds. The retirement money was never funded. It is a lost hope. This is another responsibility the government has undertaken that is going to go wild. Those of you still in freeze frame are headed for lines around your bank. Your bank will likely be acquired by another bank that also is in deep trouble. The US dollar, like a leaderless company, will lose its respect and therefore value. In order of importance the following MUST be done unless you want to be one of the suffering masses that will be all too visible this winter: 1. You must have your assets held anywhere they are in true custodial-ship accounts. That type of account at a bank or broker states clearly that the assets held there are not on the balance sheet of the host financial entity. Those assets are clearly segregated in your name. This must be reviewed by counsel to be sure you have what you think you have. Don’t cheap out. All you have is depending on the validity of true custodial-ship accounts. You cannot know all the banks are broke, however I feel ALL banks are broke because finance is an intertwined system that if visible would look like a spider’s web. Problems on the top will materialize all along the web. Therefore the singular most important step you must take is the establishment of a true custodial-ship account. Do not assume you have this type of account unless a competent attorney reviews the account papers. 2. I am extremely concerned about those of you who persist in holding certificates for gold rather than holding the actual metal either delivered to you or held for you in a true custodial-ship type account. The scams out there in gold are plentiful. The only way to avoid these scams absolutely is to have your gold in your own possession. Every other means of holding gold is steps away from perfection. Some will be ok, but many will not. 3. Why would anyone fail to either take paper certificates or order their financial agent to make direct registration book entry at the transfer agent? In most cases you only have until year-end to accomplish this strategy. 4. Withdraw from ETFs. 5. If you carelessly keep large assets with your broker you are as mad as a hatter. The FDIC DOES NOT have the money to guarantee all they are undertaking. Withdraw excess money constantly from any net broker. If you are so stubborn that you think you can trade to insure yourself when your funds are not making money while still getting your money that counts you are nuts. Admit to yourself you are nothing more than a gambling addict in a downward spiral. 5. Leave no gold or coins with any coin dealer. 6. If you can withdraw from your corporate retirement plan do it. 7. Withdraw from credit unions. 8. Withdraw from all money market instruments. 9. This is it. 10. It is now. 11. It is out of control NOW. The next two months are going to be shocking, but nothing compared to what you will have to experience in 2009. Respectfully, Jim

To: A Horse With No Name who wrote (90701)	11/23/2008 8:27:09 AM
From: Riskmgmt	2 Recommendations Respond to of 116555

<<, but you cant be 100 percent gold right? >> The last 2 years has seen unprecedented Government interference in the "free markets". The US Government has lead the rest of the world in this regard. This has created the turbulence and extremes in currencies that you refer to. Putting 100% into anything in this environment is very unwise. Risk management is more important than picking winners in this market. Consider that over the last 2 to 3 years 1. EM's. 2. Oil and oil related investments 3. Commodities and com stocks 4. Aussie dollar 5. Brazilian real 6. Gold, silver All made great gains only to change direction, only extremely nimble or lucky traders escaped whole. R.