Posted on 09/22/2009 8:51:15 AM PDT by h20skier66
The vast over-issuance of the U.S. $ internationally, has debauched its international value. In time this will lead to hugely falling buying power and translate into very high prices for the resources of the world.
Few believe the plans put forward to reduce quantitative easing will work as expected, as this will simply return the world to recession or worse still, depression.
Such liquidity reductions can only take place in a climate where confidence can be maintained as money tightening kicks in. This is not just inside the States but globally. So 'confidence' in the $ and its future value and credibility has waned tremendously even amongst foreign [particularly Asian] governments.
The globe's currencies are like branches of a tree coming out of a trunk. The U.S. $ is the trunk, resulting in the entire monetary system facing irreparable fractures should anything like another 'credit crunch' happen again. Most people believe that the current state of the international monetary system is headed towards such stresses.
Hence, gold is an alternative wealth preserver for governments, as well as individuals and institutions [demonstrated by central banks being net gold buyers now].
These are dramatic changes, the impact of which will form the foundation of our future global money systems. If the world's governments could act in unison over the issues facing the money system we have no doubt that monetary reformation would be so successful as to remove the need for gold in any part of the system.
(Excerpt) Read more at commoditynewscenter.com ...
Can’t confiscate what they can’t find.
Except that hasn't ever worked anywhere in the entire history of humanity. But I'm SURE these idiots are the ones smart enough to pull it off.
Is it actually possible to buy or sell gold legally without leaving a paper trail?
From hand to hand. Cash.
Many people over at the Kitco forum store their gold overseas just so US cant confiscate it. There are even discussions about how to fool metals detectors if you want to bury it in the yard.
Some private parties will buy and sell in cash.
In a SHTF scenario many more will.
YES. The kitco forum is one place to go to read all about gold...where to buy..how to buy...
“bury it in the yard”
Well, not your own yard.
;)
Find a good coin dealer and pay cash.
“Is it actually possible to buy or sell gold legally without leaving a paper trail?”
Yes. Cash. Just walk into a coin dealer and open your wallet
And back what? New fiat?
There isn’t enough privately held gold in the world to help back the 50-75 trillion fiatscos out there in etherland.
If anybody wants to bury their gold in my yard, I will keep an eye on it for them.;)
Gee, why do you think that the government require bullion and coin dealers to obtain the names and addresses of both buyers and sellers?
Gee, why do you think that the government require bullion and coin dealers to obtain the names and addresses of both buyers and sellers?
EVEN WHEN THE BUYER PAYS IN CASH.
I think you can buy/sell
American Gold Eagles for Cash with no paperwork.
I wonder if they will pry our wedding rings off our fingers and the gold from our teeth?
Just before conservatives “go home” at a government clinic they will remove all gold and valueable items. Hair will be cut and sent to wig makers etc.
I have. It was a few years back, but I specifically asked the coin dealer if he had to know my identity. He said no. Paid cash and walked out with bullion coins.
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