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JackBauer
December 28, 2010, 7:17pm Report to Moderator
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Quoted from bumblethru


I hear that within the next couple of years, the government will buy ALL the gold. They want to control the gold since it is the plumb line for the ever shrinking dollar. THEY want to control the gold and the price of it!


A gold recall is possible, but not highly likely.

SGOL is safely in Switzerland vaults and out of the reach of the type of recall previously issued in the 1920's I think?
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bumblethru
December 28, 2010, 7:31pm Report to Moderator
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Quoted from JackBauer


A gold recall is possible, but not highly likely.

SGOL is safely in Switzerland vaults and out of the reach of the type of recall previously issued in the 1920's I think?


I hope you're right but the government knows that it is GOLD that is the informational international plumb line for the shrinking dollar. It would make perfect sense (not that I agree) for the government to recall ALL gold. And in our global economy, I don't think it would be that hard of a hard task.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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DemocraticVoiceOfReason
December 28, 2010, 8:17pm Report to Moderator

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Quoted from JackBauer


A gold recall is possible, but not highly likely.

SGOL is safely in Switzerland vaults and out of the reach of the type of recall previously issued in the 1920's I think?


You are better off with the actual gold physically in your possession.


George Amedore & Christian Klueg for NYS Senate 2016
Pete Vroman for State Assembly 2016[/size][/color]

"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground."
Lyndon Baines Johnson
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boomer
December 28, 2010, 8:35pm Report to Moderator
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DVR is right.  You Reps caused this economy.  How's your War economics working for you now?  You expect Obamam to clean up eight years of the Bush disaster overnight.  He needs to get us out of the war now--just a reminder that its a war that BUSH got us into.  For elephants you guys sure have short memories.
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Shadow
December 28, 2010, 8:40pm Report to Moderator
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The financial meltdown was caused by the housing crash compliments of Barney Frank and Chris Dodd both Dems by forcing banks to give loans to people who couldn't afford to pay the mortgages.
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benny salami
December 28, 2010, 9:26pm Report to Moderator
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How's the Obama stimulus working for you? More debt that all the other Presidents combined and national unemployment keeps going up. His foreign policy is another disaster. Doubles down in Afghanistan, says nothing when North Korea goes nuclear/bombs civilians and refuses to support democracy in Iran.
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bumblethru
December 28, 2010, 9:36pm Report to Moderator
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And Reagan inherited his economic mess from who????


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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CICERO
December 28, 2010, 10:04pm Report to Moderator

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We're still talking about Schenectady right?  Why the hell are we talking about Obama and Bush?  Did I miss something, was Schenectady flourishing during the Clinton 90's?  Schenectady has been a sh!thole for at least 3 decades.  For you guy to even take each other seriously with the "blame Bush" "blame Obama" debate is humorous.  

The fact is, NYS has been running at a deficit for a very long time, and they have been passing down un-funded mandates to the local levels in order to reduce the state budget.  All the while having hat in hand begging for federal money to fill the gaps in the budget, and pay for pet projects.  Now in 2011, we have a new congress to be seated and all bets are off when it comes to federal money bailing out these fiscally irresponsible states like NY.  

The housing market has remained fairly stable in the Capital District during this national economic housing crisis.  The Capital District was insulated from market volatility due to the large number of government workers.  If the federal funding taps gets shut off to the states, I predict you will see a large drop in housing prices, as it will be inevitable state jobs and programs will get cut.

So stop with the blame Bush, blame Obama B.S.  This is our OWN dysfunctional government that caused this mess.  If New Yorkers are looking to blame the president of the Republic for our states problems, they are starting at about 10 layers removed from where the issue lies, and that is with the people, and their ignorance of government and basic economics.


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JackBauer
December 28, 2010, 10:11pm Report to Moderator
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You are better off with the actual gold physically in your possession.


Yeah but there are risks and challenges with that - plus physical gold is taxed as a collectible, so you pay much higher taxes on gains.

But you can buy SGOL in your Roth IRA....  
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DemocraticVoiceOfReason
December 28, 2010, 11:33pm Report to Moderator

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Quoted from JackBauer


Yeah but there are risks and challenges with that - plus physical gold is taxed as a collectible, so you pay much higher taxes on gains.

But you can buy SGOL in your Roth IRA....  


What Uncle Sam doesn't know won't hurt him.  LOL


George Amedore & Christian Klueg for NYS Senate 2016
Pete Vroman for State Assembly 2016[/size][/color]

"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground."
Lyndon Baines Johnson
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bumblethru
December 29, 2010, 11:28am Report to Moderator
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Quoted from JackBauer


Yeah but there are risks and challenges with that - plus physical gold is taxed as a collectible, so you pay much higher taxes on gains.

But you can buy SGOL in your Roth IRA....  


the less the government knows, the better. Money and gold in your home safe is the only way to go!! You don't want yourinvestment portfolio 'out there' do you? Oh perhaps your simple, run of the mill investments....ya know, the ones that pretty much blend in with everyone elses is ok.

As far as gold....keep it private and tangible. And do the same with as much money as you can! IMHO of course


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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JackBauer
December 29, 2010, 3:09pm Report to Moderator
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Agreed guys - I may buy some and store it in a safe location...   Not sure if Ferris' will do an all cash transaction without recording names.

(I know the blasted healthcare bill however does require all coin/gold transactions in 2012 to be "filed" to prevent the under $10k transactions from being "missed")
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bumblethru
December 29, 2010, 3:22pm Report to Moderator
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there will always be people out there to give you cash for gold.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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