Comments on: “The Battle for Investment Survival” is a Classic that is Still in Print Today http://www.dailyreckoning.com.au/the-battle-for-investment-survival/2008/09/04/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: bill hopen http://www.dailyreckoning.com.au/the-battle-for-investment-survival/2008/09/04/comment-page-1/#comment-60778 bill hopen Sat, 10 Jan 2009 09:22:04 +0000 http://www.dailyreckoning.com.au/?p=3607#comment-60778 I keep a few coins in my house, a USA St Gaudins $20 gold piece, just so that I can touch it from time to time. I also keep in that box some paper money, a 100 mark note from 1915 Germany, which was equal in value to the 1915 $20 gold piece at the time both note and coin were made.....but there is also another note in the box, a 100,000,000,000.Mark note - thats a one hundred billion Mark note from 1923 Germany, which tells the sad story how a few years of failed govt economic policy can destroy the value of its paper promises. Also in that box is an old USA $20 bill that states "Twenty dollars in gold coin" and another old US $1 note that says "one silver dollar"...from the time when paper money was a conveience so that one's pockets weren't burdened by the weight of gold and silver when making large purchases. These are only collector's items now, the promises of gold and silver coin for paper are no longer kept. Officially, they are worth $21.00, not approx $1000. fiat dollars, the current value of that much gold and silver I have my own Ft Knox, in a vault downtown, holding my ultimate reserve, like the US Govt does, like central banks do, like nearly every country and major bank on earth does. If Ft knox stops holding gold, then I will consider doing the same, and I will never trade my gold for a promisary note of gold...I want the real thing. Paper money, or paper bond promises of value accumulating promisary notes of other paper certificates of value are good for paying taxes and groceries temporarily, but they must be seen for what they are: short term value instruments subject to evaporation. Wealth is held in Gold, silver, land, commodities like coal, oil, metals etc, one must remain fluid and liquidly jump back and forth between stocks, paper, and physical assets- always remaining diversified , but always trading up, and eventually accumulating gold..pirate money.....universal, and never going out of style. check out my website...I make artwork (bronzes), and trade it for gold I keep a few coins in my house, a USA St Gaudins $20 gold piece, just so that I can touch it from time to time. I also keep in that box some paper money, a 100 mark note from 1915 Germany, which was equal in value to the 1915 $20 gold piece at the time both note and coin were made.....but there is also another note in the box, a 100,000,000,000.Mark note - thats a one hundred billion Mark note from 1923 Germany, which tells the sad story how a few years of failed govt economic policy can destroy the value of its paper promises.

Also in that box is an old USA $20 bill that states "Twenty dollars in gold coin" and another old US $1 note that says "one silver dollar"...from the time when paper money was a conveience so that one's pockets weren't burdened by the weight of gold and silver when making large purchases. These are only collector's items now, the promises of gold and silver coin for paper are no longer kept. Officially, they are worth $21.00, not approx $1000. fiat dollars, the current value of that much gold and silver

I have my own Ft Knox, in a vault downtown, holding my ultimate reserve, like the US Govt does, like central banks do, like nearly every country and major bank on earth does. If Ft knox stops holding gold, then I will consider doing the same, and I will never trade my gold for a promisary note of gold...I want the real thing.

Paper money, or paper bond promises of value accumulating promisary notes of other paper certificates of value are good for paying taxes and groceries temporarily, but they must be seen for what they are: short term value instruments subject to evaporation. Wealth is held in Gold, silver, land, commodities like coal, oil, metals etc, one must remain fluid and liquidly jump back and forth between stocks, paper, and physical assets- always remaining diversified , but always trading up, and eventually accumulating gold..pirate money.....universal, and never going out of style.

check out my website...I make artwork (bronzes), and trade it for gold

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