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<p>[QUOTE="desertgem, post: 838914, member: 15199"]I am not sure we can insulate ourselves from such decisions, except to vote everyone out and practice austere financing for a while. The precious metal hoarders have no power due to hoarding; politicians can more easily justify making the possession of PM illegal, than to affect currency, and the populace will back them rather than the "hoarders". Be honest , what percentage do you believe have more than 10% of their wealth in PM compared to the % that have more than 10% of their wealth in currency, stocks, bonds, etc. No contest!</p><p><br /></p><p><br /></p><p>Some may really hate the Yankees and hope their XXXXXXXX( fill in the blanks) can rise from last place and beat them. Or maybe that the 16th seed can win the NCAA. Possible , but statistically unlikely. SO why fight the politicians and CEOs? Join them by buying stocks they are promoting, what ever the government. I have a small % in PM, but much more in the US Banks and GE, etc. Let the politicians and CEOs help you out. I am sure this might make many irritated, and I wished it wasn't true, but I feel it is at the moment. Yesterday, to celebrate St. Patrick day, I bought shares in an Irish bank, depressed because of Euro scares, but I can't see the Euro countries kicking them out, no matter how much Germany yells, I think they will continue to support Ireland and the banks there, so it should be good for an increase over a year or so. Maybe it is a mistake, I could have bought bullion, but I am depending on Politicians to continue their track record.</p><p><br /></p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 838914, member: 15199"]I am not sure we can insulate ourselves from such decisions, except to vote everyone out and practice austere financing for a while. The precious metal hoarders have no power due to hoarding; politicians can more easily justify making the possession of PM illegal, than to affect currency, and the populace will back them rather than the "hoarders". Be honest , what percentage do you believe have more than 10% of their wealth in PM compared to the % that have more than 10% of their wealth in currency, stocks, bonds, etc. No contest! Some may really hate the Yankees and hope their XXXXXXXX( fill in the blanks) can rise from last place and beat them. Or maybe that the 16th seed can win the NCAA. Possible , but statistically unlikely. SO why fight the politicians and CEOs? Join them by buying stocks they are promoting, what ever the government. I have a small % in PM, but much more in the US Banks and GE, etc. Let the politicians and CEOs help you out. I am sure this might make many irritated, and I wished it wasn't true, but I feel it is at the moment. Yesterday, to celebrate St. Patrick day, I bought shares in an Irish bank, depressed because of Euro scares, but I can't see the Euro countries kicking them out, no matter how much Germany yells, I think they will continue to support Ireland and the banks there, so it should be good for an increase over a year or so. Maybe it is a mistake, I could have bought bullion, but I am depending on Politicians to continue their track record. Jim[/QUOTE]
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