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<p>[QUOTE=&quot;GoldFinger1969, post: 4031532, member: 73489&quot;]No, he himself isn&#039;t predicting the price of gold.&nbsp; But for the first time in his professional career he is looking at protecting his financial assets with disaster insurance.</p><p><br /></p><p>That was my point, I personally think predictions are worthless.&nbsp; However, in this case, the prediction is predicated on an outlier event happening which is NOT currently discounted in the financial or gold markets. </p><p><br /></p><p>Sure, but again, those were CYCLICAL moves.&nbsp; What my investment friend and others like him are talking about -- IF they act -- is a SECULAR move.</p><p><br /></p><p>We&#039;re talking about protecing your assets from political/financial confiscation.</p><p><br /></p><p>Except now it&#039;s not based on nonsense, it&#039;s based on explicit political promises.&nbsp; </p><p><br /></p><p>Probable ?&nbsp; Maybe not.&nbsp; Possible ?&nbsp; Increasingly likely.</p><p><br /></p><p>What was once unheard of is now becoming mainstream.</p><p><br /></p><p>That was what my friend is fearing and what is possibly going to hit in coming months.</p><p><br /></p><p>I hope you are right -- you might be right.&nbsp; </p><p><br /></p><p>You PROBABLY are right.</p><p><br /></p><p>But the outlier events are no longer a hike of a few points in marginal taxes or FICA limits being raised.&nbsp; It&#039;s now a 6% wealth tax.</p><p><br /></p><p>Do the math on a 6% wealth tax after a few years. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie101" alt=":woot:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie103" alt=":yack:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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