"Photoguy said...
Eric,
"Excellent, lucid, thought-provoking post. I agree on the "ego" post regarding Denninger; if he's going all cash, he'll be in the food lines of 2012."
"There is no doubt, NO DOUBT, in my mind that within the next three years, Au & possibly Ag will be confiscated. Other than canned goods, hard liquor, and other obvious storable items of value, what else could be transition our wealth into that could be easily stored and that would preserve our wealth during a period of hyperinflation? Other than Au & Ag? Diamonds are too hard to accurately grade, so I wouldn't want them. Land & CRE is taxed each year, so I don't want that. What?"
"There has to be something, other than Au & Ag. Perhaps I'm overthinking this, but I see what's coming and I'm doing my best to prepare."
low premium collectible US coins will not be confiscated and will increase the same or better, in percentage terms than gold will.
Example. PCGS graded MS-62,53,64,65 St. Gaudens $20 gold pieces