Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: Jacques Chitte who wrote (69864)	1/12/2009 5:17:43 PM
From: koan	Respond to of 71178

Two things: 1) I tell my rich friends who ask me, buy some gold or silver, put it in a safety deposit box and wait until we can see clearly where al of this is going. 2) John Kenneth Gailbraith once said: the most effective means of transferring wealth from the poor to the rich is through inflation. The rich can get vehicles which will float with inflation, but the poor are often on fixed incomes. >> Indeed. A society of misers would collapse just as quickly as a society of spendthrifts. The most prudent savers actually have mediocre credit records. Curiosity question to all - not rhetorical. In theory, if the monetary system is in deep, ah, trouble, you simply hyperinflate like Germany did in the '20s. It's a way for the central bankers to throw the table on end and yell DO-OVER!! How did thw wealthy hedge their wealth? The plutocrats of German socio-economy certainly seem to have survived the do-over. Prudent people with bank accounts will be wiped out by a hyperinflation. Where did the wealthy hedge their wealth, without crossing borders and asking, Can I be Franc with you? And where might a modern, middle-class individual hedge against the do-over economy?<<