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<p>[QUOTE=&quot;fatima, post: 1410578, member: 22143&quot;]The only purpose for a 401K is to preserve your wealth from income taxation.&nbsp; On a gold standard, an income tax is impossible.&nbsp; &nbsp; Keep in mind the income tax was imposed on the people only when the Federal Reserve was created.&nbsp;&nbsp; There is no such thing as base and fractional reserve currency either.&nbsp;&nbsp; Fractional reserve currency is &quot;made up currency&quot;.&nbsp; &nbsp; None of these paper tricks exist under a gold standard.&nbsp; Under a gold standard banksters have convinced people to deposit gold into their institutions and participated in fractional reserve banking on those assets, and it usually ended in disaster.&nbsp; Most people avoided it.&nbsp; &nbsp; This is why our current government and establishment is so against it and will fight to the bitter end to prevent one from being re-established.</p><p><br /></p><p>On a gold standard, the government does not issue currency.&nbsp; It assays gold and silver into coins and possibly issues paper money that can be directly redeemed as such.&nbsp; Other gold and silver coins/bars/etc can be used for commerce as it is the value of the metal being used.&nbsp; Not the empty promises of their central bank.[/QUOTE]</p><p><br /></p>

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