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Napanee, Ontario | But that'my point. There's risks connected to owning everything. Of course i can see the risks of owning gold and the gov't confiscating it, or it becoming worthless in a complete anarchy situation. Just like i see the risks of value debasement holding cash, the intangible and nominal nature of paper stocks and bonds, and the maintenance and upkeep and taxes/ expenses of owning cattle and land. I happen to think the risks of owning gold arn't as great as you believe I guess, perhaps that is where we differ.
You are right though - Gold isn't *the* asset to own - it is ONE OF many for wealth preservation. Along with Land (well mostly land really lol), commodities, pensions from employment invested in equity markets and bonds which are not adjustable by us, rental houses and a range of depreciable property, and some cash. But i do expound the merits of gold over cash, in that limited comparison, in terms of longer term wealth preservation over time.
Edited by OldMcdonald 11/23/2014 13:37
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Germany also continues to take back gold.
