Gold Investments In Our Upcoming Socialist Scenario
Australian gold nugget
You shouldn’t mistake paper money for “money.” We have had a massive loss of “money” with this financial crisis, and it’s ongoing.
Buildings worth $50 million are now worth $30 million. Stocks worth $10 million are now worth $8 million, etc.
By printing money, the Fed is using its money to replace the lost “money.” It’s not all going back in the same places, of course. Much of it is going into commodity and overseas speculation.
The devious thing for US taxpayers is that much of the private debt that is no good because of the loss of “money” has been shifted to the US Treasury. The US will, accordingly, have less to spend (in the long term) for taxpayer entitlements, because it will eventually lose its unlimited fiat powers. It will then confiscate private wealth while claiming to remain non-socialist.
I don’t think gold is an exceptional hedge for a US taxpayer in this upcoming socialist scenario. If you have money in any form, you will lose it to pay for entitlements of others. Expatriation is about the only sure way to save capital. It’s a complicated process, and the Bush exit tax makes it expensive. But we will have more severe currency controls in the future as part of a socialist agenda when most voters will rely on government funds. Holding gold, or anything else as a US citizen won’t help you much.
Australian gold nuggets
Paper currencies are not totally worthless, there is the worth of the paper itself to consider.
In the 1920s, the Printing presses went to work in Germany in an attempt to jump start their economy in the aftermath of WW1. All it led to was Hyperinflation.
Silver coin
Anyone want to unload some gold and silver, I’ve got this really awesome greenish paper! The world loves it! It’s, it’s, its . . . almighty! Hail the $! HA! I’ve known the $ was toast for 2 years now, there was a spark of hope B4 that. All common sense is out the window.
California gold nuggets
I have always felt good about the yellow metal and to quote a good pal of mine “Gold has never been worth zero”. I would buy as much of it as I could afford in rare form, Nuggets, Rare US coins minted before 1934, Large crystal specimines. I would not tell a soul. Great pics.