Gold-Dealers conscripted to spy on you?

It is as if one burglar wants to break into someone's house and steal his property, but is having second thoughts about the illegality of it. So he gets 50 of his acquaintances together, all criminals and burglars, thinking that their number will make the robbery OK

This is the inevitable outcome of democracy when unchecked by constitutional limitations. It is now so far out of control, there will be no reigning it in, anymore than the Soviet Union could get its toothpaste back in the tube when it began to spill all over.

We defeated Communism in order to make the world safe for socialism. Shame on us.

Hey! Sure, it's a crooked game, but it's the only game in town!

This is true. I own a business and my primary target market is well-healed seniors. Business is very, very good thanks in part to the fact that the federal government spends some 60 percent of its budget to make sure these people -- who already own most of the country's wealth -- have even more discretionary income.

Ain't life grand?

Ain't life grand?

Until young people realize they are being treated as a herd of livestock to feed the takers on the government pad, no serious political change will happen.

Life's grand, anyway! ;^)

You said there IS a list, I'm pinging HIM now.

Ok, now I get it. Actually there at least 3 people who have ping lists for mostly goldbugs. Arete posts a Daily Wrapup of the market action and possible future market action M-F.

http://www.freerepublic.com/focus/f-news/1038037/posts

AdamSelene235 and I believe Cicero does. Arete would be more than glad to put you on his ping list. Be nice to see you there.

The problem with using modern gold eagles at "face" value - if you'll look at the different sizes - they come in 1/10th oz. and 1/2oz, etc. The face value doesn't track with the weight!

Now, what I was thinking about - an IRA is tax free. A pretty good argument could be made for installing the maximum amount allowable by law every year into the Roth IRA program at the gold eagle FACE VALUE. So, a $50 eagle costs four hundred bucks. Great way to put a lot more into the IRA than they had in mind, seems to me.

On the other hand, if TSHTF, none of that really matters.

My internet search turned up that only the 1/4 ounce at $10 face value is wrong. It should be 12 dollars and fifty cents face value. The others track. My main point was many people think we do not have a gold standard. By my definition, and except for the sorry .25 Oz, a mistake that should be corrected, we do. And that this is the proper way to understand what a gold standard is. It is NOT anything that tries to force a person to exchange a certain amount of papers with numbers on them for a certain amount of gold. That would be more of a price control (think rent control) than a gold standard. And the mere presence of a system that prices goods and services in terms of unsecured central bank credit (!) does not imply that we do not have a gold standard ($) in effect simultaneously. My Christmas wish is for everyone to stop using the term dollars except when exclusively referring to U.S. gold coin, i.e. the gold eagle, by face value. And when not referring to gold coin, to use the term "credits" symbolized by !.

When you open up an IRA or a 401K do you know what you are giving up? Sure you are enticed with the prospect of delayed or deferred taxes, but the cost of that is you no longer control your property. You surrender your property to a bunch of fools who tell you what you are allowed to do and then if you want to close it out and be free of it, you have to pay them (a penalty) to let you out. Thanks, I'll pass.

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