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To: mugs99
Yes. History shows that when fiat currency collapses, gold will still feed, clothe and shelter me.

Absent a fiat currency collapse does gold always protect your wealth?

When you can't trade your paper interest and dividends for food, I'll still be living high on the hog with my gold.

When I can't trade my interest and dividends for food, no one will be living high on the hog.

29 posted on 12/07/2005 12:01:04 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: Toddsterpatriot
Absent a fiat currency collapse does gold always protect your wealth?
Yes. The purchasing power of gold remains the same. One ounce of gold will buy you a good suit no matter the spot price of gold. Fiat currency has no value. It is an IOU.

When I can't trade my interest and dividends for food, no one will be living high on the hog
But those with gold will be living better than those without. After the crash of '29, many had to trade their cars for food. Those with gold drove the finest automobiles.
.
102 posted on 12/08/2005 10:48:57 AM PST by mugs99 (Don't take life too seriously, you won't get out alive.)
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