>It might be that we are going to see, in the >next three to eighteen months, what James Dale >Davidson and Lord William Rees-Mogg called >_The Great Reckoning_. In the words of T.E. >Lawrence, "It's going to be fun."
Let's say Japan follows Argentina the way of the Dodo, and then a couple of other minor countries too. Let's say the 'Great Reckoning' all happens and the USD goes to hell. The credit cycle is over! Doom! Where the hell do we put out wealth? Nobody's gonna trust DGCs (governments will just steal the 400 oz bars from the vaults). You can have actually gold bars in your house -- great. I think real estate, held clear of all mortgages, would be good to hold. Real Estate actually has value, and assuming your local government does not simply steal it from you (quite likely) it is something of real, tangible value. Things like "artworks, expensive watches, antique furniture" etc are a bit dicey -- they're very illiquid and suffer a huge buy/sell spread, so let's set them aside... What about the good old Swiss Franc? What about shares in major companies (MSFT, GM, etc)? What about the Euro? What about "bonds" and the like? Who can answer the question? If the USD starts to collapse on Monday, where's the best place to hold wealth? Thanks! JP -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - "Most of the world's great religions are hijacked from time to time by men who use the religious faith of others to manipulate them for self- serving purposes. Environmentalism is different however. It is not a religion that happens to be manipulated from time to time for political purpose--for the power and money it can bring to its controllers. Environmentalism is a religion which has been deliberately created, for the sole purpose of manipulating its followers." Arthur B. Robinson, 2001. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
