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<p>[QUOTE="Blaubart, post: 2092669, member: 37498"]Also, oddly missing from his article is how various investments actually fare in a government bankruptcy or collapse. Since the US hasn't yet collapsed, he only touched on the possibility briefly and quickly dismissed the benefit of gold in such a situation based on the possibility that our government could seize our gold.</p><p><br /></p><p>However, many other countries have collapsed in the past 213 years and it is possible to learn from those events. How much is a government bond issued in Cameroon in the year 2000 worth today? Answer: $0 How much is an ounce of gold from 2000 worth today? How about bonds from Nigeria from 1980, or 1985, or 1990, or 2000, or 2003? Again - $0. How much is an ounce of gold from 1980, or 1985, or 1990, or 2000, or 2003 worth today? How about Ecuador's bonds from 1825, 1867, 1892, 1904, 1907, 1912, 1930, 1936, or 1980? ...and that ounce of gold?</p><p><br /></p><p>How about one trillion dollars in Zimbabwe bonds from 2008?</p><p><br /></p><p>I think you get the picture... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 2092669, member: 37498"]Also, oddly missing from his article is how various investments actually fare in a government bankruptcy or collapse. Since the US hasn't yet collapsed, he only touched on the possibility briefly and quickly dismissed the benefit of gold in such a situation based on the possibility that our government could seize our gold. However, many other countries have collapsed in the past 213 years and it is possible to learn from those events. How much is a government bond issued in Cameroon in the year 2000 worth today? Answer: $0 How much is an ounce of gold from 2000 worth today? How about bonds from Nigeria from 1980, or 1985, or 1990, or 2000, or 2003? Again - $0. How much is an ounce of gold from 1980, or 1985, or 1990, or 2000, or 2003 worth today? How about Ecuador's bonds from 1825, 1867, 1892, 1904, 1907, 1912, 1930, 1936, or 1980? ...and that ounce of gold? How about one trillion dollars in Zimbabwe bonds from 2008? I think you get the picture... ;)[/QUOTE]
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