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Post 20

Sunday, December 19, 2004 - 10:59amSanction this postReply
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num++:  Thanks for the author of  'Debt is the slavery of the free.'
 
I doubt that my tale of the first capitalist had any influence on Benjamin Franklin as I believe that I originated it. However, as with many things that have lurked around in my brain for many years, I can't state with 100% certainty that I might not have picked it up somewhere in the distant past and claimed it as my own.

I don't see any advantage to an e-gold account unless you want to make some kind of statement. They are on the verge of illegality and you would be entrusting your savings to relatively unknown purveyors of the product. Avoid storage charges (but I don't), buy gold stocks or mutual funds and, if you're paranoid about the total collapse of the economy, buy coins.

You may be interested in the following, in case you missed it:
http://solohq.com/Articles/Hibbert/A_Method_of_Transferring_Fractional_Ounces_of_Physical_Gold,_with_Confidence,_from_Person_to_Person.shtml

Sam


Post 21

Saturday, December 25, 2004 - 3:32pmSanction this postReply
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num++ asked: Didn't FDR pass a law during the Depression that outlawed keeping gold? What happened to this law? My history is quite patchy here.
Not exactly.  See my article here:
 
http://www.coin-newbies.com/articles/gold_never_illegal.html
 
The "law" (actually an Executive Order) was rescinded by Pres. Gerald Ford shortly after taking office. Now the U.S. government Mint sells bullion gold coins.


Post 22

Wednesday, December 29, 2004 - 7:45pmSanction this postReply
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Adam Reed wrote:
A man with savings is a man who can say NO.  ... In many practical contexts, financial security is existential freedom.

Or, as I like to put it:

If you don't want to be a SLAVE, get the "L" out!

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