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Originally Posted by historycircus
Lance and Bildeburger w/cheese (I love that name by the way!),
For the short term utility of precious metals, I am in total agreement with you - I think we differ in our long-range assumptions of what our futures hold.
And, you can bet your (rock) bottom dollar that the government is keeping tabs on where the gold is flowing to - are there SECURITY concerns one should consider before metals investment? For those who are taking the advice of Green and others, who have no problem in participating in a future economy based on the same principles (just different tools) of the old, are those folks opening themselves up to unpleasant government scrutiny? If China and Russia do dump the floating basket and get back to metals (which I seriously doubt they will), would that cause the U.S. government to enact limitations/restrictions/confiscations?
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Aside from the fact that I don't live in fear, nor America and besides giving out my actual real name when I write anything...nobody has ever asked for ID or anything where I buy metals. I am friendly with the staff, we have a couple of chuckles and when I have sold metals, like my platinum, and need to show ID...I send friends (I have lived with no ID nor a bank account for 5 years now)! I have even found several metals dealers whom seem to be scoff laws at requiring ID to sell metals. Obviously I am not going to mention their locale or anything.
It is better to have metals and not need them, than to need them and not have them! Obviously no one (in their right mind...which is much different than the left!) knows exactly what is or what might occur. All I know is that I've been gearing up to at least be as responsible for my family and myself as possible. One option I looked into was metals. I value my seed collection far greater than I value my metals collection. For seeds, the above well known 'slogan' needs to be somewhat altered to
It is good to have seeds, it is better to have seeds and have a place to plant them and it is best to have seeds, a place to grow them and the knowledge of how you do so. Hmmm...not bad for making it up on the spot!