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Fekete - Inflation and deflation all at the same time?; entered at 2007-12-01 18:58:29

Swingtrader
Posts: 8056
Registered: 2007-08-12 United Oligarchic Goldman Sachs States of America

Stazone wrote..

y guess is the true Patriot did better by not turning in his/her gold.

Actually, many did not turn it in. Each person was allowed to keep 4 oz. I have read several different places that referenced the data available from that period. Their interpretation of the data was that many did not.

There was a lot of different circumstances back then that are not in place today. Some of the main ones are:

Gold was commonly used as money -

Contracts were often written in gold.

Gold traded side by side with paper -

Confiscation of course, can occur. However, IMHO it is an unlikely event.

One post/thread here - in the past day or so, someone commented that gold won't be money again, there isn't much of it out there. Good point. Not very many people have it - another good point.

Another reason, IMHO that confiscation is unlikely to occur - no modern nation will go to the gold standard -

Further, the act of confiscation, in itself would be shouting to the world a high level of desperation - unlikely in these modern times.

If you believe that confiscation is likely, you better load up on firearms, ammo and survival gear -

PatHisGroins sig says - when you think you'll need gold, you'll need bullets and beans more -

Not exactly my belief, but pretty damn close.

2007-12-01 18:58:29