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To: GOPJ

I read rings are good, but the standard in most countries is 18 or 22kt - more rare in the US, and the lesser stuff discounted heavily. That is why .gov issued coins are recommended by some.


66 posted on 02/19/2009 6:54:31 PM PST by Freedom4US (l)
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To: Freedom4US
I read rings are good, but the standard in most countries is 18 or 22kt - more rare in the US, and the lesser stuff discounted heavily. That is why .gov issued coins are recommended by some.

Here's my take on it -- rings in a time of chaos or hyperinflation work because when trading them no one is going to be following you home to see if you have a gold stash.

One wedding ring isn't going to alarm the person you're trading with, or the person behind you - and doesn't overwhelm a marginal system. You get your tomatoes, bread, light bulbs - whatever and don't worry about the change.

For anything other than a total breakdown or hyper inflation ( it is hard to gauge exactly how much "stimulus" is too much) gold funds, foreign currency, short term treasuries, the greenback, coins, etc are just fine...

67 posted on 02/19/2009 7:57:40 PM PST by GOPJ (Do you see $20,000 tulip bulbs for sale? Only a fool OR dem tries to prop up bubble prices.)
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