gold & precious metals shares ..., page-8

LEX

A lot of countries use GOLD for all sorts of transactions. The U.S. and western countries might not but you can still use it if you want. Half the world uses GOLD, maybe not the country you or I live in.

The least risky asset is cash??
The AUD has lost over 10% this year alone. A couple of mega banks went belly up and people lost everything ie Lehmans.

Super accounts lost 60% and a lot of them have not come back yet, that was the market. My super account. The Aus government has implemented legislation to take all accounts over 200,000 and also legislation to allow them to take super money out of the funds. The U.S. has already bankrupted some super funds. Ask Detroit workers

Ask Cyprus people if cash is king.
This was a test case and now most western countries have legislation to pilfer your cash and super money.

Wait till the Liberal government in Aus has finished checking the books and see what happens.

Cash is not now a safe bet, if you have over 200,000 it could be gone when you wake up tomorrow morning and that is now sadly the law.