To: kingpins10
Not a lot of Americans own gold. Too many of us would rather spend than save. The currency is no longer backed by gold. A gov’t search from house to house or in safe deposit boxes would yield a lot of jewelry but not much bullion. The bullion is in banks and is owned by the big boys like Goldman Sachs. Confiscation of wealth via inflation is more likely.
18 posted on
08/07/2009 2:57:01 PM PDT by
musey
To: musey
<> Really? Inflation hasn't yet hit, but wealth confiscation is happening right now! I agree though, that coins will be of more value to us vs. bars.... but for me, more practical investments (other than guns/ammo) will benefit even more for one's own family. I personally believe we have a less than 2-year window to prepare... regardless of 2010 elections, its gonna happen either way... just my $.02
19 posted on
08/07/2009 4:44:36 PM PDT by
jblann1
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