15-01-2009, 10:10 PM
Damien Lloyd Wrote:After watching the US housing bubble burst in 2005 I realised that the same thing was imminent in the UK so I took our small wedding fund out of our high interst savings account and bought gold bullion.
........
Last month with a gas bill that was.. well BLATENT THEFT, Christmas only days away, and news that we were about to become parents. I sold the bullion, paid some bills, paid for Christmas and was left with just a little less cash than I'd originally invested.
You did well to sell that gold whilst They still let you.
In the last Depression, They confiscated all gold held by private citizens, under - yes, you couldn't make up this shit - the Trading With The Enemy Act, with a forced sale to, yes, the Federal Reserve:
http://en.wikipedia.org/wiki/Gold_confiscation
Unless (or probably even if) They print, we're experiencing debt destruction and deflation. Even if They let us keep our gold, it's not much use because in a deflationary environment you need things you can eat or shoot with. :beerglass:
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war