History occasionally repeats itself. From Jeff Thomas at internationalman.com:
f you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.
You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.
But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?
In my conversations with friends and associates, I have often raised this question. The typical responses:
“They’d never do that.”
“I’ll deal with that if and when it happens.”
“I just wouldn’t give it to them.”
I consider these “wishful thinking” responses.
It’s an interesting thought that the greatest threat to gold and silver investment might not be the possibility of losing on the speculation, but the government taking it away from you. It’s a thought that I’ve found few want to even think about, let alone discuss.
You can keep your gold if you like your gold?
Failing socialist utopias loot everything down to the foundations but you have to scorch some earth in order to burn it all down and build the CCCP back better.
At last the precious indispensable equality will finally be achieved at the redistribution dumpsters and people’s burn barrel kebab cafe.
Si se puede, forward, yes we can!