posted on Nov, 29 2007 @ 06:30 AM
if a depression and hyper inflation has happened in your scenario,
then everyone, anyone, even suspected of having a sizeable stash of gold
(coin, 24K jewlery, mini-ingots, even gold nuggets ot gold teeth)
have become moving targets for the predatory persons in the world,
If the collapse/depression becomes a reality, then one should expect that condition to last for up to a decade before one could openly trade
or exchange that horde of gold for something useful to rebuild ones
life with... (like say land...)
the choice is yours, horde a stash of gold but expect to hire several armed bodyguards, to protect oneself from the masses and from a rogue bodyguard
who has their own designs on your wealth. Or become
another of the great unwashed, migrating from one shanty town to another
relying on the goodwill of others in sharing the sparse food & resources
with the community or relying on one's wit, wisdom and fleet feet for gain
and survival.
on the lead up to this hypothetical depression, if one has gold & PM stocks,
one should be ready to unload at least 1/2 of one's position in 24 hours
... because for the next 3 years i and others that i read daily, expect gold
to continue its exponential growth... the newest reason is because the
bankers & investment banks are playing gold positions to constantly
take profits and hedge so as to make themselves liquid
(have enough cash) and to keep liquidity (trading markets able to handle large transactions) so that their funds & assets are sufficient to avoid
'Insolvency' and total financial ruin.
......but somewhere in this 3(+) year window, even gold (both stocks & physical metal) will collapse in value... take care