Tuesday, February 12, 2008

A must read article – This could apply to property too.

The Confiscation Threat

This is a very interesting article indeed. An exert: Greenspan then goes on to say: "The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Also read: http://www.fgmr.com/whatgold.htm "What Is Happening to America's Gold?"

Posted by stevie dee @ 10:43 AM (471 views)
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One thought on “A must read article – This could apply to property too.

  • sold 2 rent 1 says:

    “Thus, while you might want to keep some gold in the US, it would be prudent to keep the bulk of your holdings in countries that do not have a history of confiscating assets. In this regard, you may want to consider my company, http://www.goldmoney.com as one possible alternative to help you achieve diversification. Not only is your gold stored in England and insured by Lloyd’s of London, GoldMoney’s online purchases are convenient – you don’t have to travel to London to open an account”

    UK has no history of confiscating gold – as yet.

    My biggest fear is any confiscation done at a world level. This will only happen if the world economy is totally down the tube.
    If the direction of humans is of world government, world bank and world currency then this is certainly possible.

    My strategy is to switch 50pc of my wealth back out of gold once is goes over 3000 and buy assets that have real uses.

    Gold offers superb liquidity and gains at the moment.

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