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Hold on to your GOLD!

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posted on Sep, 23 2008 @ 08:45 PM
It's hard to not see the commercials on TV or the web telling you how easy it is to send some company your gold in exchange for quick cash.

The problem here is, we're in the middle of a Government controlled "Financial 9/11" and the one thing they've got to do is strip us of our gold, so we'll have to use whatver 'NEW' system they'll put in place which will no doubt be electronically controlled money.

Selling your cash for gold is risky in times like these, because for one you aren't going to get the gold's real value,'ll get scrap value and when the dollar is worthless, you'll really have a problem...because now they've got your gold and you have stacks of worthless paper currency.

To read more about this see Cash For Gold Scams

Just remember....HOLD ONTO YOUR GOLD!

posted on Sep, 23 2008 @ 08:51 PM
Good Point!

Thanks for the input, Troy.

Knowledge is power.

i can tell you know your sh!t.... keep the tips coming!

posted on Sep, 23 2008 @ 09:13 PM
It really is a bad idea to physically own gold, unless its for jewelry or something - and not an investment. It is true that "cash for gold" is a scam because the rate they give you is much less than the gold is actually worth.

posted on Sep, 23 2008 @ 09:22 PM
thats why I have SILVER

posted on Sep, 23 2008 @ 09:35 PM
Your gold is as worthless as your wallet full of cash!

Under the authority of the Emergency Banking Relief Act, President Roosevelt issued Executive Order No. 6102 which allowed the Government to confiscate all privately owned gold in the United States. The owners would be repaid in paper dollars whether they like it or not.

Therefore, pursuant to the above authority, I herby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days
to agents of the Government of the United States for compensation at the
official price, in the legal tender of the Government.

All safe deposit boxes in banks or financial institutions have been sealed

In the mid-eighties, Representative Ron Paul (still fighting the gold battle for us, God bless him) served on the Gold Commission in the House of Representatives. Paul wrote: "If it gets bad enough, they’ll declare a national economic emergency. They’ll take over the banks, all business and industry. They may even try to confiscate our gold. I served on the Gold Commission for eight or nine months while I was in Congress along with fifteen other members. I brought up the subject of confiscation. The power to confiscate gold is still on the books as the law of the land. I urged the full Commission to recommend Congress repeal the power to confiscate gold in an economic emergency. We pushed it to a vote and I was the only one that voted to recommend to Congress that we never again contemplate taking the gold of the American people. The fifteen other members voted it down. The power is still there on the books, and they can do it any time they wish."

I know its a long read, but I’m shocked to see mr Ron Paul battling long before this criminal government came to power.

Your gold is a fake safety net.

The law says they can trade your gold for paper dollars.
The value of the gold must be repaid.

Fair call, but what if the paper dollars they give you is as worthless as the credibility of the USA?

This is going to be an interesting 6 weeks.

posted on Sep, 23 2008 @ 09:41 PM
grab a shovel, find a nice tree

bury your stash

and they will not find it during the confiscations

just plz, try to remember where u buried it

posted on Sep, 23 2008 @ 09:48 PM
If you like gold and can afford it then why not own it? I like gold but I just own my wedding ring and whatever is on my circuit boards. Who is to say you can't bury gold and save it for a sunnier regime? There will always be black markets for trade as well. Gold is dense and compact so it packs alot of assets into a small package. If anyone has old gold sitting around gathering dust I will gladly take it off your hands.

posted on Sep, 23 2008 @ 10:08 PM
Why is hoarding actual gold a bad idea? The same reason why hoarding cash is a bad idea. Neither have any intrinsic value - they are valuable because we deem them valuable. In any case, try shopping anywhere in the US with your gold except at a gold dealer - people won't take it. And if things change and we live in a world where the US dollar has no value, then the world as we know it has come to an end - your gold will be worth little either, as people will be reduced to bartering for things they need to live off of.

Statistically speaking the later is almost impossible anyways, but in any case your much better off investing in gold commodity funds. If you want to profit off gold increase, its the easiest/safest way to do it. Of course, every time the "common man" starts talking about hoarding physical gold, its a good time to sell all my commodity stocks because that means the value is about to go down.

Of a owner of such commodities, IT IS nice for me if people buy into the hysteria/panic anyways, as it will temporarily raise gold prices and I can make more profits.

[edit on 23-9-2008 by LowLevelMason]

posted on Sep, 23 2008 @ 10:13 PM
yeah im gonna send you my gold in the mail. yeah thats not sketchy. anyone who falls for that is also the type that will resell their dvds to the video stores for 1/10 of the original price.

"yeah, we got your shipment miss smith, but uh yeah, that was fools gold, so were only gonna pay you 20.00 usd for your 30 karot ring."

ill take a wad of gold over pieces of paper any day.

why hasnt the value of gold changed over time?

In my oppion, it is because gold has a lower frequency of ownership than other more easily transferable monetary systems. the less hands it sees, the fewer amounts of bites are taken from its overall value.

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