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Gold is an unpatriotic investment.
NO! we are now living in a small world. Presently, investors invest their money in economies all around the globe. Would it be unpatriotic for an investor to buy a Japanese equities fund, or Swiss annuities, or a South African gold fund? Should we consider these choices un-American? Definitely not. They must be considered prudent diversification. There is also the question of whether citizens are forced to lose their hard-earned wealth holding a currency that is being debased systematically by misguided monetary authorities. As shown in previous parts of this site, the monetary policies of the United States virtually assure further devaluation of the dollar in the future. Citizens who accumulate gold may be considered the exact opposite of being unpatriotic. These citizens could very well be the country’s most farsighted, devoted, and patriotic resource. The fact that certain citizens have the prudence to accumulate gold may someday be this country’s saving grace. If the dollar were to fall, the gold accumulated in the United States by American citizens would become the capital base required for this nation to recover – a thought worth pondering.
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