Re: cash4gold liquidation - another greedy strategy
1. Gold does not have antimicrobial properties. Silver does, but is does not kill them on contact. It interrupts their ability to divide.
2. There is not enough gold in the world to back all the world's currency, which is what has to happen, if such a thing happens.
3. The government would have no trouble finding the gold. Look up what Roosevelt did. He had agents there when safety deposit boxes were opened and how are you going to cash it in, or do you think you will be bartering with it? Bullion houses would be required by law to report you and the only people allowed access to bullion would be jewelers.
4. Since there are few with gold, they would most likely be singled out and dealt with.
5. All currencies die. Even the Roman empire used gold; it was not fiat but is was gold nonetheless. After the empire expanded, Caesar ordered the coins to be rimmed (made smaller by removing gold from the outer edge) but to keep the same value. Once again, even if it is gold backed, what is to say that they won't tell you they have more than they do and keep running the presses?
6. Metals are a good investment strategy, provided you know how to trade them properly as well as a hedge against inflation, but that, too, was proven in September and October to be an outright lie with the obvious market manipulation.
If something big eventually happens, metals are worthless beyond silver's antimicrobial properties and use in electronics and chemical catalysts. Figure out how to get clean water, grow your own food, and stop worrying about everything and hating it. You just perpetuate the cycle.
Last edited by TtC; 02-24-2009 at 12:55 AM.
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