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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (103953)	2/12/2009 8:37:38 AM
From: Dale Baker	Read Replies (1) \| Respond to of 542043

You are mixing and muddling a bunch of maybes based on precedents scattered throughout history and around the world. I prefer to take a realistic look at where we are and what government is capable of doing and/or likely to do. I know some folks like to sit around and worry about farfetched black helicopter scenarios; doesn't do much for me. You will invest and manage your affairs better with a cool, candid take on what's going on. JMHO.

To: Bread Upon The Water who wrote (103953)	2/12/2009 8:50:28 AM
From: Paul Kern	Read Replies (1) \| Respond to of 542043

In a "worst case" scenario, failed stimulus bill, unbalanced budgets into the foreseeable future, broke entitlement programs, global depression, failed currencies across the globe, many think there would be a tremendous run on gold. Or a great year for GOP gains in 2010?

To: Bread Upon The Water who wrote (103953)	2/15/2009 7:28:57 PM
From: TimF	Read Replies (1) \| Respond to of 542043

A global depression would tend to reduce interest in gold. Depression usually means deflation, or at least no inflation. Gold is typically used as an inflation hedge. (Well I suppose if it went beyond global depression, to near collapse of civilization across the world, gold might hold more interest, but if that's what people are predicting, then demand for survival equipment would zoom up a lot more than gold) The deficits under in the last eight years combined with all the spending from the stimulus and the bailout bills (both those pushed by Bush when he was president, and now those pushed by Obama), make people think there may be a lot of inflation down the line (even if the current recession, probably means its not a threat for 2009, and maybe not 2010), driving the interest in gold. In that case, it is not beyond imagination that governments would move against the hoarding/use of gold in some fashion Not beyond the realm of imagination at all, but I think its very unlikely. Particularly if your talking about a real massive effort to grab the gold, rather than just some law against "hording gold" with little in the way of actual enforcement.