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If there is "central banking" and fiat currency in every major country and we are headed towards a global system where will you flee to? Mars?
That's a strawman. Some countries will return to a gold standard either by choice or by force (kicking and screaming all the way). For now, it would be best just to improve one's life and escape any sort of fascist/socialist government if one were to appear. Probably best to escape to a neutral location like Switzerland or a reasonably stable island nation. I don't think people escaping tyranny will particularly care of their new country of choice has a strict gold standard or not. Central banking is merely one tenet of communism. It is a prerequisite, but does not necessitate it.
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If that were the case I don't think your gold could save you. So you might as well get the utility out of land while you can. Also If the US became a Nazi or Communist country, is it likely that there would be any non Nazi or Communist country you could flee to that would be able to resist the US?
The US would eventually annihilate itself if it were to go to war with "every single other country", probably similar to how the Roman Empire fell. Corruption rotting it from the inside out. No nation has ever taken over the world, and no nation ever will. Heck, no nation has ever even taken over Russia.
Gold is a hedge against tyranny, whether it is to hide from the gov't. Or, in the extremely unlikely event they tried to kill those with the gold, a means of escape.
And the answer is that everyone has to decide that for themselves. Gold has certain advantages and land has advantages too. I don't see how that is hard to understand.
Well yes everyone can decide for themselves, but other then hiding your stuff from a communist government what 'certain advantages' does gold actually have compared to the utility value of land?
Well yes everyone can decide for themselves, but other then hiding your stuff from a communist government what 'certain advantages' does gold actually have compared to the utility value of land?
That's a strawman. Some countries will return to a gold standard either by choice or by force (kicking and screaming all the way). For now, it would be best just to improve one's life and escape any sort of fascist/socialist government if one were to appear. Probably best to escape to a neutral location like Switzerland or a reasonably stable island nation. I don't think people escaping tyranny will particularly care of their new country of choice has a strict gold standard or not. Central banking is merely one tenet of communism. It is a prerequisite, but does not necessitate it.
The US would eventually annihilate itself if it were to go to war with "every single other country", probably similar to how the Roman Empire fell. Corruption rotting it from the inside out. No nation has ever taken over the world, and no nation ever will. Heck, no nation has ever even taken over Russia.
Gold is a hedge against tyranny, whether it is to hide from the gov't. Or, in the extremely unlikely event they tried to kill those with the gold, a means of escape.
Please talk to me like I am the dumbest person in the world. I don't mean that sarcastically, I really would like to know this clearly from your perspective.
Ok. How does being able to carry gold help your financial position relative to a commodity that is fixed in one place? I know people who live in one region of the US and own commercial property in another region, their inability to move that commercial property has not diminished its value.
The result is not an intersection of these assumptions. Many tyrannies are formed from a small subset of them. The US is warming up to a collectivization process, albeit very slowly. Much of the youth is infatuated by the notion of giving people "a leg up", the horrors of communism are becoming a more distant memory, and some of the youth never having to be witness to its failure even romanticize the idea. Then again, some tyrannies occur almost overnight (Allende, Mugabe, etc). We're way overdue in the normal lifecycle of a typical republic.
Even better yet buy diamonds. They are far more valuable based on weight and far more portable.
Post # 88 Check out Debeers-- diamonds are hoarded if released from the cartel then they would be semi-precious
De Beers has bought diamonds from Russia, Africa and trys to keep most diamonds from hitting the market that way diamonds look precious. In reality with diamonds being produced in Russia, Africa, and Austrialia are way more abundant than most people realize. The real reason is De beers holds most of the diamonds and only lets a portion out each year. Other wise there would be a big drop in cost if the diamonds went to market.
As I said there are advantages in it being untracible to an extent, IIRC the first thing the Nazis did when they occupied a country was seize all the gold, and if they found out you were hiding gold you would get shot, or worse.
i was under the impression all bars had to have a paper trail but i guess someone gave me wrong info. i forgot about plundered gold.
The result is not an intersection of these assumptions. Many tyrannies are formed from a small subset of them. The US is warming up to a collectivization process, albeit very slowly. Then again, some occur almost overnight (Allende, Mugabe, etc)
That is still too many assumptions, if the US were going the other way, and slowly becoming more free market, eventually overnight (Pinochet, Suharto etc)
Why would we become like zimbabwe rather then Scandanavia.
That is still too many assumptions, if the US were going the other way, and slowly becoming more free market, eventually overnight (Pinochet, Suharto etc)
Why would we become like zimbabwe rather then Scandanavia.
Scandinavia cannot happen in the US simply because we're not all snowflake white.
Pinochet was a dictator, almost as cruel as Allende.
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