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Max - The Perfect Antidote

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This is brilliant :lol:

Max has been calling housing bubble going pop for yrs. He's been so accurate.

However with gold, the problem is & what gold bugs tend to ignore is that it will become illegal to hold or trade in gold. So it could be worth 10 times more but how will you benefit!!!

It was done in 1930s US & will be done again.

edit: another youtube Max K BBC World service show:

Edited by DisQ

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"Do you listen to Andrew Marr ? ...................What the ****** ?"

Genius.

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It was done in 1930s US & will be done again.

ok, when it was done gold was legal tender money i.e. the black market profit motive was not there, unless gold is remonetized worldwide a black market would emerge milliseconds afterwards thus making the whole thing pointless.

a new currency regime replacing the dollar with some gold component is possible but again the problem is freely traded gold outside your system undermining it etc unless you accept freely traded gold and a floating price that kind of system wont work etc.

goverments may impose taxes etc but again a black market, and if your trying to save long term savings from inflation/default risk then hanging on for a few years is not a problem.

the way things are going tins of tuna and small denomination silver coins will be more practical i would still hold at least 15% gold though, in sovs/small bars.

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This is brilliant :lol:

Max has been calling housing bubble going pop for yrs. He's been so accurate.

However with gold, the problem is & what gold bugs tend to ignore is that it will become illegal to hold or trade in gold. So it could be worth 10 times more but how will you benefit!!!

While the ETF's fulfil their objective as a fractional reserve gold price deflator,there's really no problem.

If this instrument suddenly becomes difficult to trade,then the gold price will rocket.....confiscation will be a reactionary measure(not saying it won't happen),so the key is spotting the turning point.

Gold is currently available for purchase VAT free(and certain cales are CGT free),so I would think the first instinct would be to start taxing it's purchase or income generated from the holding and sale of it,before outright confiscation

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ok, when it was done gold was legal tender money i.e. the black market profit motive was not there, unless gold is remonetized worldwide a black market would emerge milliseconds afterwards thus making the whole thing pointless.

a new currency regime replacing the dollar with some gold component is possible but again the problem is freely traded gold outside your system undermining it etc unless you accept freely traded gold and a floating price that kind of system wont work etc.

goverments may impose taxes etc but again a black market, and if your trying to save long term savings from inflation/default risk then hanging on for a few years is not a problem.

the way things are going tins of tuna and small denomination silver coins will be more practical i would still hold at least 15% gold though, in sovs/small bars.

Its a fair comment & does make some sense.

thanks

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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