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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: A Horse With No Name who wrote (18093)	7/15/2009 11:10:31 AM
From: SliderOnTheBlack	9 Recommendations Read Replies (1) \| Respond to of 50219

re: ["how much bullion(percentage wise) should one hold in long term portfolio? thanks"] That's an impossible question for anyone to answer responsibly without knowing your individual situation. Accumulate whatever you can within reason. In the direction that the United States is rapidly heading, and I'm speaking more about politics than economics... holding gold (in hand) for privacy and for preservation against predatory taxation and confiscation will be it's main catalyst, regardless of whether we ultimately end up in a deflationary, or hyper-inflationary collapse. People with "generational" wealth will soon be turning to physical gold. Not ETF's, not Perth Mint certificates, not gold stocks, not e-Gold, and not holdings in any bullion bank, or safety deposit box. Physical in hand. Imaginatively, securely, and professionally stored. And given the thesis of a coming predatory confiscation of wealth ... in the end, he who holds the most paper assets will also become the biggest loser. David Einhorn of Greenlight Capital's move out of the GLD ETF and into physical bullion is only the beginning of a major trend that is already under way in private wealth management from Beverly Hills, to Aspen, to Miami, to Greenwich. And that gold is being stored in professional safes protected by security systems, being buried under concrete in basements and on back forties, and is being sent to legal storage outside the U.S. Trade paper to continually and constantly, accumulate more physical, because in the end: he who holds the most paper - loses. In the not so distant future, the best role of paper assets (stocks), will be to make money on the short-side, and to hedge collapsing values in traditional wealth - real estate, income, pensions, and IRA's & 401K's - that will all be under pressure via both confiscation and predatory taxation. They can not tax, or confiscate that which they do not know you own. And there are some incredibly wealthy and smart individuals who right now... are steadily liquidating traditional wealth, putting on paper hedges, and making their wealth invisible. And they're doing it legally. What did generational wealth do in Europe during WW II. How did wealth get preserved against confiscation. What happened to those that denied what was happening, and who waited just one day too long? What lessons has history taught us over, and over, and over again, about denial of the obvious? About thinking... it can't happen here, when it is happening here? History gives us two choices... To learn from it, or to be destined to repeat it. You can become a victim, or you can become a survivor, and the choice is all yours. And denial, not the swine, or bird flu, will become the most deadly virus of all. SOTB