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To: Secret_Agent_Man who wrote (390081)	7/8/2009 9:42:52 PM
From: NucTrader	Respond to of 436258

I like gold as a store of value. What makes me distrust SIGNIFICANT investment in same? The suspicion that the world's bankers will do everything they can (before they go under) to screw anyone holding anything like gold which competes with their fiat currencies. Don't know how they''ll do it? Confiscate gold? It's happened before. Put onerous taxes and transparency requirements on sale of gold? Issue an IMF international currency based on a basket of world currencies + gold, with the latter valued at $50 an ounce (for exaggeration)? And let's face it: when the fiat currency of your country no longer has value, things are going to be so far gone that gold may be of no practical use as a medium of exchange. Water, food, ammo, who knows? Other thing bothers me about gold? It's a very crowded trade...