Even Alan Greenspan said that. There is no safe haven.

Nothing can prevent a determined government equipped with guns to back them up from bleeding its citizens dry if they so choose. We only hope we can have representative government that does not want to bleed us dry.

With even the least amount of luck at all, I will never sell any gold or silver. It is insurance. If I need to sell any of it, it means there was an accident and I needed the insurance.

I had a motorcycle accident the other day. Guy pulled right out in front of me and luckily because of 47 years of riding experience I laid it down and the bike hit the pickup instead of me head on. Also luckily I was slowed down to about 20 by the time it happened. Got out with a mashed up foot (bike fell on it as I went down, no broken bones) and a little minor road rash. I've bought motorcycle insurance for as long as I've been riding, never with the intention of using it. I never spent all my money on insurance, but instead a portion.

I buy gold and silver, never with the intention of using it. I don't spend all of my money on it.

Why is insurance so hard for people to understand? Gold is monetary insurance. Insurance you hope is never needed. Most people completely miss the boat and simply look at it as a speculative bet. Might as well go to the casino for that.

John