http://www.coinlink.com/News/market-reports/some-observations-about-the-2010-boston-ana-show/ Rare Coins & Currency News for Numismatic Collectors - Updated Daily Mon, 07 May 2012 19:57:47 +0000 http://wordpress.org/?v=abc hourly 1 http://www.coinlink.com/News/market-reports/some-observations-about-the-2010-boston-ana-show/comment-page-1/#comment-174039 BRYAN Tue, 17 Aug 2010 06:46:32 +0000 http://www.coinlink.com/News/?p=7271#comment-174039 WHY DONT THE US GOVT CREATE GOLD BANKS LIKE BIS, LET PRIVATE CITIZENS STORE IT WITH A LINE OF CREDIT BASED UPON 50-75% CURRENT SPOT PRICE.IT WOULD KEEP ALLOW BANKS TO ACTUALLY HAVE AN ASSET THAT DIDNT REQUIRE MORE ACTUAL DEBT. SINCE THE WEALTH SPREAD WOULD KEEP THE US FROM AQUIRING ENOUGH GOLD TO MAKE HOARDING IT ILLIGAL (WITHOUT SPARKING CHINA TO DO IT) IT WOULD MAKE MORE SENCE TO DEVELOP A PLAN IN THE PRIVATE SECTOR TO FIGURE A WAY TO USE THE VALUE WITHOUT BACKING IT. THIS WOULD ACTUALLY PROTECT THE CURRENCY SINCE IT IS AN UNBORROWED ASSET AND AT ALL TIMES HAVE UNIVERSAL LIQUIDY. WHY DONT THE US GOVT CREATE GOLD BANKS LIKE BIS, LET PRIVATE CITIZENS STORE IT WITH A LINE OF CREDIT BASED UPON 50-75% CURRENT SPOT PRICE.IT WOULD KEEP ALLOW BANKS TO ACTUALLY HAVE AN ASSET THAT DIDNT REQUIRE MORE ACTUAL DEBT. SINCE THE WEALTH SPREAD WOULD KEEP THE US FROM AQUIRING ENOUGH GOLD TO MAKE HOARDING IT ILLIGAL (WITHOUT SPARKING CHINA TO DO IT) IT WOULD MAKE MORE SENCE TO DEVELOP A PLAN IN THE PRIVATE SECTOR TO FIGURE A WAY TO USE THE VALUE WITHOUT BACKING IT. THIS WOULD ACTUALLY PROTECT THE CURRENCY SINCE IT IS AN UNBORROWED ASSET AND AT ALL TIMES HAVE UNIVERSAL LIQUIDY.

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