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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (390445)	7/15/2009 7:28:31 PM
From: NucTrader	Read Replies (1) \| Respond to of 436258

It's really hard to know how to protect what assets you have. Stock market is too opaque and manipulated a cesspool to play in for me. Gold? They screw around with that too. Guess you saw the latest stuff from Zero Hedge about how GLD shares and some other ETF (which hold who knows much or how little physical stuff, no body audits them) were accepted as payment for settling futures contracts for physical gold by the CBT? If you get a profit on the hard asset and go to sell it, you got to find a buyer, and they vary in what they offer you - that's w/o considering whether future gold transactions will be legal, taxable in the extreme, etc. etc. Bank insured CD's? Depends on the strength of the bank, among other things, and whether you think the FDIC will honor their guarantee contracts? Other currencies? The USD is still the reserve currency for 2/3 of the world and all other currencies are just derivatives. What happens to the USD will happen to all. I like the idea of buying "stuff" - hard assets, with your USDs. Your choice of the assets which will best hold their value in the intermediate future.