> Homeland Security To Confiscate Bank Safe Deposit Box Contents
24 January 2006, 08:42
This doesnt make sense in terms of "Feds stealing your money", because at current gold prices the supply of money vastly outstrips the (monetary) value of gold. That could change if the US$ majorly crashes, loses its reserve status (or both) - maybe foreign countries would up the pressure to repay debts in hard assets instead of endlessly inflated dollars.
Domestically, in a situation of hyperinflation, those holding physical metals will be at a huge advantage in trade as bullion will hold its purchasing power a hellava lot better than paper.
Good luck guys... at least you still have the 2nd ammendment. In NZ our gun laws are a little stricter.
This doesnt make sense in terms of "Feds stealing your money", because at current gold prices the supply of money vastly outstrips the (monetary) value of gold. That could change if the US$ majorly crashes, loses its reserve status (or both) - maybe foreign countries would up the pressure to repay debts in hard assets instead of endlessly inflated dollars.
Domestically, in a situation of hyperinflation, those holding physical metals will be at a huge advantage in trade as bullion will hold its purchasing power a hellava lot better than paper.
Good luck guys... at least you still have the 2nd ammendment. In NZ our gun laws are a little stricter.