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<p>[QUOTE="tekhen, post: 824955, member: 16202"]<b>quite simple IMO...</b></p><p><br /></p><p><span style="color: black"><font face="Verdana">1) PMs are insurance/hedge not investment</font></span></p><p><span style="color: black"><font face="Verdana">2) Do the math...</font></span></p><p><span style="color: black"><font face="Verdana"> a) 1933 Au = $20.00</font></span></p><p><span style="color: black"><font face="Verdana"> Au confiscated via Executive Order 6102 by #32</font></span></p><p><span style="color: black"><font face="Verdana"> b) by 1934 = Price of Au set to $35.00</font></span></p><p><span style="color: black"><font face="Verdana">3) 1971 - Nixon Shock and Executive Order 11615 by #37</font></span></p><p><span style="color: black"><font face="Verdana"> 1971 Avg price of Au = $40.80</font></span></p><p><span style="color: black"><font face="Verdana">4) #38 signs Public Law 93-373 allowing US citizens to once again own Au</font></span></p><p><span style="color: black"><font face="Verdana"> 1974 Avg price of Au = $159.26</font></span></p><p><span style="color: black"><font face="Verdana">5) #40 signs Public Law 99-185 the Au Bullion Coin Act</font></span></p><p><span style="color: black"><font face="Verdana"> 1985 Avg price of Au = $317.26</font></span></p><p><span style="color: black"><font face="Verdana">6) 25-years later, that GAE @ spot is worth $1122.60 at the time of this post.</font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">The definition and cause of the above… inflation. </font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">As long as PMs are tagged to a fractional reserve banking system where the fiat system is backed by debt and not by tangible goods PMs will always be a hedge/insurance.</font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">So if one is looking for fast, large returns... physical PMs are not the best choice. If one is hedging both against inflation & deflation while the FRN losses its purchasing power the PMs are the best bet.</font></span>[/QUOTE]</p><p><br /></p>
[QUOTE="tekhen, post: 824955, member: 16202"][b]quite simple IMO...[/b] [COLOR=black][FONT=Verdana]1) PMs are insurance/hedge not investment[/FONT][/COLOR] [COLOR=black][FONT=Verdana]2) Do the math...[/FONT][/COLOR] [COLOR=black][FONT=Verdana] a) 1933 Au = $20.00[/FONT][/COLOR] [COLOR=black][FONT=Verdana] Au confiscated via Executive Order 6102 by #32[/FONT][/COLOR] [COLOR=black][FONT=Verdana] b) by 1934 = Price of Au set to $35.00[/FONT][/COLOR] [COLOR=black][FONT=Verdana]3) 1971 - Nixon Shock and Executive Order 11615 by #37[/FONT][/COLOR] [COLOR=black][FONT=Verdana] 1971 Avg price of Au = $40.80[/FONT][/COLOR] [COLOR=black][FONT=Verdana]4) #38 signs Public Law 93-373 allowing US citizens to once again own Au[/FONT][/COLOR] [COLOR=black][FONT=Verdana] 1974 Avg price of Au = $159.26[/FONT][/COLOR] [COLOR=black][FONT=Verdana]5) #40 signs Public Law 99-185 the Au Bullion Coin Act[/FONT][/COLOR] [COLOR=black][FONT=Verdana] 1985 Avg price of Au = $317.26[/FONT][/COLOR] [COLOR=black][FONT=Verdana]6) 25-years later, that GAE @ spot is worth $1122.60 at the time of this post.[/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]The definition and cause of the above… inflation. [/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]As long as PMs are tagged to a fractional reserve banking system where the fiat system is backed by debt and not by tangible goods PMs will always be a hedge/insurance.[/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]So if one is looking for fast, large returns... physical PMs are not the best choice. If one is hedging both against inflation & deflation while the FRN losses its purchasing power the PMs are the best bet.[/FONT][/COLOR][/QUOTE]
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