Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: #3Fan
I'd rather have a hard working gold miner make money from the currency we use rather than a dude in a German mansion.
208 posted on 06/29/2002 7:31:46 AM PDT by #3Fan
[ Post Reply | Private Reply | To 207 | View Replies ]


To: #3Fan; Bloody Sam Roberts; ArneFufkin; Travis McGee
...someone is making trillions off of ~4% yearly inflation.

Well, it's surely not us!

The name of the game - no matter how one chooses to play it, whether in stocks, bonds, options, gold or physical goods - is, somehow beat the government's scam of robbing us "slowly" and hope they don't let it get out of control so we become robbed "quickly". Governments have a huge stake in slowly shearing the flock. Taking too much all at once can lead to guillotines and firing squads for the overly greedy and their cronies.

But, unfortunately, sometimes this money game gets out of control whether Germany in 1930 or Argentina in 2002 (you can now probably add Brazil to that ever-growing list).

Therefore, as in any potentially unstable market, the smart will first hedge against the unexpected loss and then invest to beat the manipulators. IMHO, the best hedging today is a mix of gold/silver, food, fuel, brass/lead, a safe place to live (a friendly area) or perhaps for those in a position to do so and the skills (like Travis) a boat or other extreme emergency fallback.

But, if one is happy with one's situation, stock up on couchs to trade (you can also sleep on them, you know) and put your full faith and credit in the government to keep the printed money sound (an oxymoron, I know). Then hope these manipulators and their banking buddies will ultimately bail you out if/when TSHTF.

BTW, I agree also with Bloody Sam Roberts. This is the calm before the storm. We have already set ourselves up for The Fall (thanks, Bubba!). Now there are hordes of fanatical and determined people just itching to do us in in any way possible. Attacking our financial system and related wealth is one of the ways they can do it. But it's hard to attack your personal wealth if some of it is stashed in something that can't be destroyed from afar. If they want it, they'll have to come to your place first and face the brass/lead.

210 posted on 06/29/2002 8:53:37 AM PDT by Gritty
[ Post Reply | Private Reply | To 208 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson