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To: Former Proud Canadian

And try to sell off your gold for as high a price as you can.

Hillary might raid gold bars or tax it like crazy.

Better to have practical assets — the kind that helps you survive in a third world country.


54 posted on 10/18/2016 6:27:33 AM PDT by Arthur Wildfire! March (Hillary's Trickle Up policy: take bribes, sell sleazy pardons, water down AIDS medicine.)
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To: Arthur Wildfire! March
Gold and silver coins minted by the government present a special case, I think. Take the Silver Maple Leaf minted by the RCM with a nominal value of $5. It is legal tender and is comprised of one ounce of .9999 silver. The silver is worth about $17.60US as we speak.

One of the properties of this coin, and all other gold and silver products, is that there is no debt attached to it. All fiat money has debt attached. What this means is that fiat money is issued and used to pay interest and principle on existing debt. Inflation is built in upon issue.

In Canada these coins can be purchased or sold for the price of an ounce of silver plus a small dealer margin. Since they are also legal tender there is no tax when you buy or sell. No debt attached, no tax payable. As a bonus there is absolutely no paper trail created on a cash and carry purchase. They are the perfect hard money vehicle.

Government will find it difficult to tax gold and silver sales between individuals, especially in very hard times. These coins can and will circulate outside the government controlled banking system because they represent real stored wealth with no debt or built-in inflation attached. They are real money.

When the Democrat president confiscated private gold in 1933 I wonder why people turned it in. Why not just bury it?

90 posted on 10/18/2016 6:50:34 AM PDT by Former Proud Canadian (Gold and Silver are real money. Everything else is a derivative)
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