Posted on 05/18/2010 5:56:46 AM PDT by jiggyboy
ONE INARGUABLE REASON NOT TO BUY GOLD - Da Gooberment can easily take it from you.
FDR did it.
So can Obama.
Bump for later
Cramer has issued another call to buy gold, three days after gold hit its all time high. I think it's as accurate as his buy call on January 8, 2010, after which gold immediately dropped nearly a hundred dollars.
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If they don't know you have it, they cant take it. If they come looking for it you can give them hot lead instead.
Not if they don’t know I have it..................
Crap.
Cramer is never right.
FDR took them from the banks. No one has ever confiscated gold from individuals. Thus, if you hold physical gold, do it outside of safe deposit boxes.
GLD’s share ownership of actual gold is so fractionated now that I could not recommed any new investments in it.
Only about 1/3rd of the gold coins were returned, mostly ones that were in safe deposit boxes or otherwise held in banks.
Depends on how many JBTs they're willing to sacrifice.
“...Da Gooberment can easily take it from you.”
They better send an army if they plan on taking anything I have that they want. My line in the sand has been drawn.
From a technical analysis standpoint, gold had gone almost straight up in a parabolic curve, so it absolutely had to correct, which it is in the process of doing now. It is looking for support, which it may find around the 1195 area or so. It may possibly drift sideways for a bit, but will be then heading north again very soon.
In other words, a nice buying opportunity for gold is very close.
If you can’t eat it, or shoot it gold isn’t going to do much good for you in a deflationary economy. There are better trade items in a barter situation imho. Change for an oz? I do think pre 64 silver coins will be useful. The coming crisis will be deflationary at least initially. Rampant debt destruction is not inflationary as the money supply is strangled. Do you see higher wages any time soon? Bernankee’s print job is going on bank ledgers and not lended out in new loans. Take a look at the M1 velocity of money.
http://inflationdata.com/inflation/images/charts/M1%20Money%20Supply/M1_money_multiplier.jpg
they have predator drones that can cross your line in the sand and kill you without sacrificing any of their JBTs...
just sayin...
I like dips!
:)
I took some modest profits in GLD shares and am letting the remainder (about 3 percent of that IRA account) ride.
They can declare a value, i.e., $500 per ounce, and then order it surrendered to the government at that price and/or prohibit anyone from selling it for more than the government set price.
He poor-mouthed natural gas a month ago, within a few cents of the bottom of its two-year decline, see my #15 here http://www.freerepublic.com/focus/f-news/2490609/posts
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