[RobRoy]

I think gold can be a good investment, but my point is that, not only is it not a panacea, but it could backfire.

As most see gold, investmentwise, it is an inflation hedge. However, if deflation persists, or the government simply confiscates it (as they did during the LAST GD) for a set sum. It really won’t do you much good.

You can’t eat a shovel either, but you can use it to plant a garden. You can’t eat a rifle, but you can use it to acquire meat. You can’t eat a shotgun, but you can use it to protect what you DO have.

Gold is not bad, but it is not as wonderful as some belive.

Unless you are making electronic components, that is.

[Kozak]

As most see gold, investmentwise, it is an inflation hedge. However, if deflation persists, or the government simply confiscates it (as they did during the LAST GD) for a set sum. It really won’t do you much good.

Not gonna turn it in. Not that hard to move it out of the country. People are not going to fall for that one again. Personally, an order to confiscate my IRA, gold or my guns will be a declaration of war between me, and the government. I will feel NO obligation to obey any law at that point.

[Kozak]

Unless you are making electronic components, that is.

Or Jewelry. Never a time in history that women didn't like pretty pretty shiny things.