Wouldn’t a little gold be better? What does someone want with a Chanel bag no matter how lovely?
If the plan is for them to take money from all your bank and retirement accounts as well as from your safety deposit boxes how long do you think that they would let you keep gold?
You are not going to carry your gold around in any old ratty bag.
This is a report from the Washington Post and they would not want to write that the euro, dollar, or any other fiat currency is worthless and owning gold is the thing to do.
The Japanese have learned the hard lesson about fiat currency. Japan has seen their yen drop from 130 to 80 in the past two years. The smart Japanese investor would have bought gold when the yen was worth 130.
The same is probably going to be true for the US investor. The US Dollar index is now in the high 90’s. It is probably a good time to sell dollars and buy gold.
I guess it depends on how many rounds can be stored inside it.
Executive Order 6102
They can take your gold.
The basic reason for the Greek failure -- and the coming failure of the entire Western World -- is a fundamental ignorance of basic economics, perpetuated by educational systems that cares everything about ideology and nothing about reality.
This story fits right in with that ignorance.
Exactly.
There is a gold bug ping list somewhere around here.
That mother of two would have been wise to buy cloth diapers, used kid clothes in the next 2-3 sizes up, food, medicine and tp. The Greeks should be focused on paying off their mortgages and getting their rents paid up in advance so they’ll have a roof over their precious trinkets. I’ve never understood the purpose of $$$$ purses worth more than the cash carried in them. My 10-12 year old $2 church sale purse fits the bill.