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alstry (< 20)

Are Gold/Silver The New Housing Bubble?



April 29, 2011 – Comments (1)

Let's look at the FACTS: 
America is a nation of about 330 million people 
Over half those people are dependent on government for their income and survival in an Industrial based economy where very few are self-sustaining anymore 
About half of government spending is based on a DEFICIT 
It is the spending of the half that get their income from government that drives the revenues and incomes to those in the "PRIVATE" sector 
Those who favor gold and silver seem to favor cutting off spending by government 
Most of those who favor less government spending also favor less taxes for those who favor gold and silver including less spending for police officiers 
Now, can anyone tell me how those few holding gold and silver will protect themselves from hundreds of millions of starving Americans if their plan is implemented under current conditons? 
I am not trying to make any sort of judgments....simply trying to solve a mathematical problem our nation, and much of the world faces.

1 Comments – Post Your Own

#1) On April 29, 2011 at 9:36 AM, Dow3000 (< 20) wrote:

To be fair, a lot of them also have guns.  But, I agree...I have no intention of hording gold b/c I know I can't protect it.  My plan has turned into quiting my job and spending all of my money on vacations and golf and such.  I have also bought tons of bottled water, food, liquor, and golf balls...figure I have as good a chance of surviving with that as possible.   I decided that if I spent all my money on gold and then it was stolen or the government confiscated it or somehow made it worthless then I would always regret not just enjoying my savings before the FRNs turn to total garbage.  Hell, I may even go into debt once it's gone if it seems it will simply be hyperinflated away.  Was thinking possibly student loans, but they seem impossible to get rid of so I will probably not go that direction.

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