Saturday, September 20, 2008
Beware when buying gold
There is a lot of fake gold around. It is plated, so be careful if buying something like that. I just wouldn't.
Pure gold coins like the Canadian Maple Leaf are VERY soft and can be scratched if touched, and usually this will reduce its value. However, in current circumstances, if it is pure gold, people may not care.
Instead of confiscating gold the way the US government did in the '30s, they simply are blocking the sale of gold and silver. You will note that you can order anything you want... it will be placed on back order, and you will get it when they feel like giving it to you... They are desperately trying to block the collapse of the dollar, which is coming sooner or later, after decades of the petrodollar-printing-to-buy-oil ponzi scheme, and decades of "we don't need regulation", the whole house of cards is imploding, and they are in the biggest panic of their lives trying to slow it down until at least after the election.
The booms and busts have increased in amplitude over the last few decades, and now they have reached or exceeded boundary conditions.
Pure gold coins like the Canadian Maple Leaf are VERY soft and can be scratched if touched, and usually this will reduce its value. However, in current circumstances, if it is pure gold, people may not care.
Instead of confiscating gold the way the US government did in the '30s, they simply are blocking the sale of gold and silver. You will note that you can order anything you want... it will be placed on back order, and you will get it when they feel like giving it to you... They are desperately trying to block the collapse of the dollar, which is coming sooner or later, after decades of the petrodollar-printing-to-buy-oil ponzi scheme, and decades of "we don't need regulation", the whole house of cards is imploding, and they are in the biggest panic of their lives trying to slow it down until at least after the election.
The booms and busts have increased in amplitude over the last few decades, and now they have reached or exceeded boundary conditions.
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