Quote:
Originally Posted by zorgon
Once upon a time....
In the USA it was ILLEGAL to own Gold Bullion
What IF the PTB bring back that law?
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I 'ain't merican'....so be it. And really, it's a transitional metal really, good for going far and wide, but almost useless at home. It's not about the legality (snicker) it's about the ability to say....buy Amero's if that's what coming into vogue with the PTw. It's the ability to travel world wide with, it's about owning a piece of history in a made up, screwed up world.
The amount of gold circulating in the US right now isn't going to become a legal issue since it is a very, very, very small number of people whom hold actual metal in the US (I'm soooo glad I'm person non-grata in that place).
This is a dead end argument for non-metals backed currency of any type. Who really cares what ANY guvmint says or does anymore? We are well beyond the tipping point for 'next?!' to happen at this point. Ask the South Africans whom got out before the nightmare of the ANC took over how they transfered their wealth...metals, the Rand has pretty much collapsed (not to te extent of the Zimbabwean currency but getting there). Ask the Russians how they preserved their welath...gold, silver and foreign currency. Etc and etc ad nauseum.
In 1991 I sponsored a 'former Yugoslavian' family to come to Canada. I recently asked my friend about the times there and she stated that she and her family lived off of a smallish gold coin collection as they were readying to leave during the NATO frickup of that place. When they got smuggled to Austria they used Gold to live for a week, when they next went to Amsterdam, they lived on Gold for a week, when they first came to Canuckistan they lived off the last coins....2 ounces of gold got them through.
It's beyond the pale of the AmerEmpire to screw with the status of metals.
The AmerEmpire is taking us all down with it and I'd rather hold metals than FRN's. Or 'loonies', in my case or instance.