4 ms·
When nobody has money, the first thing governments will go after is land/houses, you can't move/hide them ;) It is a mistake, gold is the only safe bet
by Shadonototra 5y ago
When nobody has money, the first thing governments will go after is land/houses, you can't move/hide them ;)
It is a mistake, gold is the only safe bet
- yossarian1408 5y agoMate they'll go after your gold before they go after your land.
- burntoutfire 5y agoThey can't go after something they don't even know you have.
- konha 5y agoThey can make it illegal to privately hold gold. Wouldn’t be the first time in history. Good luck trading your gold for goods and services under these conditions.
- arubania2 5y agoI don’t think outlawing gold would stop the trading. Drugs are also illegal. Also in a crisis such as the one being discussed the laws and the concept of legality doesn’t mean much. Btw it is estimated that the last time gold was declared illegal, only about 5% of gold owners gave it up.
- Cthulhu_ 5y agoBut I can't eat gold. I'd rather have a homestead away from population centers than an equivalent in gold, because how likely - government takeover of your home - is that scenario? Where / when has that happened in the communities that HN people are active? I mean it's happened to Russian oligarchs, but those were investments that they didn't even live in. It's happened to Palestinians, who live under an apartheid regime. But other than that, I can't recall anything like that happening. WW2 Europe maybe, for specific demographics.
- astrange 5y agoWhat are you going to do with the gold? That's called bagholding, not a productive asset. Actually, have you tried figuring out WHFIT taxes on $GLD? I ended up invested in it once and had no clue how you do it.