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Warning to expats


sinsin2

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Most of the gold demand is coming from India (inflation 9%) and China. Are those your idea of stable markets?

 

http://www.prlog.org/11503134-gold-prices-rose-as-chinas-invest-in-gold-surged-179.html

 

 

I don't know why, but India is a very powerful country.

 

People talk about China out shining the USA soon, but India could also be doing that in the near future.

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People who sneer at gold just don't get it IMO. It's not an investment, it's insurance for people who don't trust paper money. The gold market is quite a small part of the broader economy. If you trust paper money you obviously don't need to own gold.

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Same idea as property in NZ. The business moguls are beside themselves because the proles keep putting their money into housing, not the stock market.

 

But when a company goes belly up, the stock is then toilet paper. A house and land, you can still live in, grow vegetables, run a few chickens and so on....

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People who sneer at gold just don't get it IMO. It's not an investment, it's insurance for people who don't trust paper money. The gold market is quite a small part of the broader economy. If you trust paper money you obviously don't need to own gold.

 

I have never understood this insurance against paper money theory. Do people really think that if paper money were to truly collapse that having a piece of paper saying they own gold bullion in a vault somewhere or even having the gold bullion in hand is going to help them somehow?

 

Think about what the world would be like if paper money were to become worthless. Certainly after some years of complete chaos, gold might become worth something again, but by that time, only the people with best weapons will have any of it.

TH

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Gold, silver coins to be legal currency in Utah

 

By JOSH LOFTIN

Associated Press

 

SALT LAKE CITY (AP) -- Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold."

 

To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

 

......

 

http://hosted.ap.org/dynamic/stories/U/US_BACK_TO_GOLD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-22-15-23-20

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There was a gas station in the USA a few weeks ago that was selling gas for $0.20 / gallon...if you paid with silver coins!

 

...this is the value of a real, hard currency!!

 

 

You are of course using an advertisement for a metals investment company as your reference.

TH

 

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in Economy Watch,Protecting your Wealth

 

 

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