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To: SkyPilot
"An allocated gold account means that there's a certain amount of gold held that directly correlates to the certificate. If you hold an allocated gold account, then you technically own specific gold bars that are held by the issuing bank. Those gold bars cannot be allocated to anyone else or used for any other purpose by the bank. They are, essentially, looking after your gold for you.

Possession is 9/10s of the law, as the saying goes. Ann B. also once (or twice, or more) pointed out that if you can't defend a possession of yours with a rifle, you don't really own it.

Yes, that is a "Hello Kitty" AR-15.

41 posted on 09/28/2015 7:52:54 PM PDT by Disambiguator (Cis-American)
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To: Disambiguator
Megan McArdle on Arbitrage and Why We Love Being Conned

" Look at the succession of bubbles over the past 20 years as people have desperately convinced themselves that there is a surefire way to get rich without working... or at the very least, to work for 30 to 40 years, save 5 percent of their income, and then spend 25 or 30 more years in an equally comfortable retirement. A few thousand invested in dotcom stocks was supposed to metastasize into a fortune large enough to retire at 45. The housing bubble that came afterward was even better: you didn’t even have to divert money into savings! You could enjoy granite countertops, whirlpool baths, and built-in surround-sound systems right now, secure in the knowledge that while you sat on the deck and sipped Chablis, your house was topping up the retirement fund. And now? We tell ourselves we are no longer chasing speculative returns; we’re going to tuck 8 percent of our salary into a 401(k) and settle for that safe 8 percent return that we’re told to expect from a good diversified index fund. "

51 posted on 09/29/2015 2:49:30 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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