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To: Blood of Tyrants
You can buy REAL assets like gold and silver.

The trick is that you have to POSSESS it, lest the digital house of cards block your access to your I-don't-know-where-it-is assets. Then you have to be able to find someone who actually wants it when things get tough.

Tangible properties, like real estate, are a better choice: you know where it is, it's marked, and it can't be stolen (someone might keep you from it, but that's a different problem).

86 posted on 09/19/2008 1:01:27 PM PDT by ctdonath2 (The average piece of junk is more meaningful than our criticism designating it so. - Ratatouille)
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To: ctdonath2
Tangible properties, like real estate, are a better choice: you know where it is, it's marked, and it can't be stolen (someone might keep you from it, but that's a different problem).

The problem there is that you don't actually "own" real estate, you are just buying a certain degree of control over the property. If the government decides to change the degree of control individuals are allowed to exercise, you are just as screwed as a gold owner in the 30's.

121 posted on 09/19/2008 2:46:55 PM PDT by Mr. Jeeves ("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
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To: ctdonath2

But real estate cannot be used to barter for goods and services, especially in small quantities. Now take a silver dime and you might get a loaf of bread or a silver quarter and buy a gallon of milk.


178 posted on 09/19/2008 8:35:24 PM PDT by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat.)
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