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Cyprus bailout = money shift to tangible assets (gold, silver, etc...)
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<p>[QUOTE="medoraman, post: 1666731, member: 26302"]Just asking sir, WHY is it different? Is it different like the depression? Many like to call this the "great recession". Well during the depression the US passed a law making gold illegal to own and forcing everyone to sell it back to them at a fixed price. Anyone trying to barter with gold was locked up. Since that is a PRECEDENT in this nation, and has never been overturned legally, isn't this a stronger possibility than people blind predictions of what the future may hold? This is why I am nervous about ever holding TOO much of my wealth in PM, (amongst other reasons). </p><p><br /></p><p>So, unless they confiscate PM, stocks, bank accounts, bonds, and farmland I am hoping I will have some way to eat. </p><p><br /></p><p>Worrying about the US seizing bank accounts when they never have before, but ignoring the risk of them banning the ownership of PM when they HAVE done this before, just seems odd to me.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1666731, member: 26302"]Just asking sir, WHY is it different? Is it different like the depression? Many like to call this the "great recession". Well during the depression the US passed a law making gold illegal to own and forcing everyone to sell it back to them at a fixed price. Anyone trying to barter with gold was locked up. Since that is a PRECEDENT in this nation, and has never been overturned legally, isn't this a stronger possibility than people blind predictions of what the future may hold? This is why I am nervous about ever holding TOO much of my wealth in PM, (amongst other reasons). So, unless they confiscate PM, stocks, bank accounts, bonds, and farmland I am hoping I will have some way to eat. Worrying about the US seizing bank accounts when they never have before, but ignoring the risk of them banning the ownership of PM when they HAVE done this before, just seems odd to me.[/QUOTE]
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