Message:

<p>[QUOTE=&quot;fatima, post: 839017, member: 22143&quot;]I don&#039;t think they are going to do this because it would be practically impossible to enforce.&nbsp; The reason for this is two fold.&nbsp; First, gold is used in a huge number of industrial and practical applications.&nbsp; Because of this, there is a great deal of recycling taking place and treating it as a controlled substance would be folly at best.&nbsp; They have had a war on drugs for 40 years with no effect.&nbsp; Second, gold is not recognized now by the government as a means to conduct transactions so they don&#039;t have a way to control it from a financial standpoint.&nbsp;&nbsp; </p><p><br /></p><p>Of course we are talking about hypotheticals such as the armageddon excuse against gold that I mentioned earlier.&nbsp; Assuming this isn&#039;t likely to happen, then as I said earlier there are very reasonable reasons to hold gold.&nbsp; The biggest is that all paper wealth is established by governmental law.&nbsp; It&#039;s too easy for them to make changes in the law to take people&#039;s wealth.&nbsp; They simply cant do this to gold without getting into much more severe Constitutional issues that would be unacceptable to people whereas most people don&#039;t pay too much mind to legal changes.&nbsp; If they did, the Federal Reserve would be for naught now.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in