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Strategies & Market Trends : THE ZERO HOUR -- Ignore unavailable to you. Want to Upgrade?


To: kimberley who wrote (36)10/27/2009 7:19:30 AM
From: Box-By-The-Riviera™  Respond to of 130
 
we hope, cashing in one's gold shares or ingots (or any other non currency holding), will not be part of any limitation <g>

but you're right. anything is possible.



To: kimberley who wrote (36)10/27/2009 1:42:15 PM
From: benwood  Read Replies (2) | Respond to of 130
 
I think withdrawal limitations, and currency (export) controls, will absolutely by the time the masses are on the cusp of panic.

The elite will have been ushered out the side door, of course, ahead of the masses.

RE is one of those things which could pass through the worm hole. However, taxes and possible further devaluation could kill you between now and then. Still... something to consider but I think it is too early still. I think a downward trend will resume this winter and that will lead to a final dollar conversion opportunity that will not necessarily be great but better that many alternatives.

And I think at least 1 year before it looks like the wheels will come off the bus, PM shares which likely are much much higher than today will need to be pared down and some exchanged for actual bullion.