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And they are buying gold by the ton. And it's not just in the US but worldwide. The rich are trading their dollars for gold.
Super-rich investors buy gold by ton | Reuters
"The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday."
They are rich for a reason, they are smart! does not mean they need to be punished, for earning what they have earned. Smart of them to move their money, don't you think!
If they were smart they would have seen this coming since 2004 FBI reports. They're buying high, they're already passed the curve and Sorros is right about yields and not inflation proof. I guess the gold traders are doing mighty fine though.
Raising taxes om the rich and reducing it on the middle class and working class would stimulate consumer demand wich would mean more people buying the products and sevices that the rich provide and thus increase the wealth for the rich.
And they are buying gold by the ton. And it's not just in the US but worldwide. The rich are trading their dollars for gold.
Super-rich investors buy gold by ton | Reuters
"The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday."
Well, isn't that special. I say they go to federal prison if caught evading taxes this way
Well, isn't that special. I say they go to federal prison if caught evading taxes this way
LMAO.....They're buying gold with POST tax dollars!
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