[steveegg]

Point taken. Government is a cash-hungry money-grubber that isn't satisfied with whatever it squeezes out of the turnips.

That nice little scenario assumes that one actually takes possession of gold. I admit that I haven't followed the gold market that well, but from what I understand, not a lot of folks actually take possession of that gold. While I don't see FDR II repeating the gold ban of 1933, I'm sure that if too many people start taking that advice, that government will find a way to perpetually tax gold.

[arete]

that government will find a way to perpetually tax gold.

Maybe they'll embed tiny little IBM microchips in gold coins so they can track it by satellite. :-)

Richard W.

[Texas_Jarhead]

Gold is a store of value. I admit I've transferred some assets into physical gold this year. There is something somewhat reassuring about it.