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	<title>Comments on: Is it 1932 – or 1923?</title>
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	<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/</link>
	<description>Martin Hutchinson</description>
	<lastBuildDate>Thu, 16 Apr 2009 15:08:41 -0400</lastBuildDate>
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		<title>By: Simon Peter</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-845</link>
		<dc:creator>Simon Peter</dc:creator>
		<pubDate>Fri, 10 Apr 2009 18:26:54 +0000</pubDate>
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		<description>If you own the metals outright, you have to take delivery of them and store them at home or at your bank. This puts the ordinary John Doe off buying the real metals, and makes paper for gold attractive.

I am an ordinary John Doe and I purchase my gold and silver from GoldMoney. They store it for me in a vault in London or in Zurich so that I don&#039;t have to take delivery of it. It&#039;s easy to sell as well since they, presumably, shift what was mine from one side of the vault to the other, so to speak.

GoldMoney is an eDealer and I have just purchased an Apple iPhone because I can buy and sell gold and silver over the internet using my iPhone. Great if I&#039;m on holidays or away from a computer!</description>
		<content:encoded><![CDATA[<p>If you own the metals outright, you have to take delivery of them and store them at home or at your bank. This puts the ordinary John Doe off buying the real metals, and makes paper for gold attractive.</p>
<p>I am an ordinary John Doe and I purchase my gold and silver from GoldMoney. They store it for me in a vault in London or in Zurich so that I don&#8217;t have to take delivery of it. It&#8217;s easy to sell as well since they, presumably, shift what was mine from one side of the vault to the other, so to speak.</p>
<p>GoldMoney is an eDealer and I have just purchased an Apple iPhone because I can buy and sell gold and silver over the internet using my iPhone. Great if I&#8217;m on holidays or away from a computer!</p>
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		<title>By: Simon Peter</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-844</link>
		<dc:creator>Simon Peter</dc:creator>
		<pubDate>Fri, 10 Apr 2009 12:36:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=6825#comment-844</guid>
		<description>gordy three horses, surely it&#039;s the &quot;taking delivery&quot; of your metals which puts most punters off buying the precious stuff.

There must be very few people, like you, who actually want to have the worry and the cost of the delivery of the gold and silver to their house or their bank.

Then, you&#039;ve got the problem of sending it back into the market with associated costs when you want to sell the stuff.

I am into gold and silver purchases, but if I had to have the stuff delivered to me on every occasion, I&#039;d give the whole idea up.

I cannot understand why people don&#039;t see this as a problem for the ordinary person in the street. Why does no one appear to consider, in public, the use of dealers who will store the gold and silver for you in safe and audited vaults?

Why all this shyness about eDealers?

The bullion market would, surely, shoot upwards if John Doe and his wife bought real gold and silver in great abundance, because there are millions of John Does around, and the price for investors like you and me would rocket up. After all, there is only a limited amount of gold for sale, so the price goes up.

Anyone out there used an eDealer? Anyone used GoldMoney as I have? GoldMoney has linked up with Apple iPhone so you can buy and sell your precious stuff when you&#039;re away from the office or from home.

That&#039;s the best way TO OWN THE METALS OUTRIGHT, gordy three horses!</description>
		<content:encoded><![CDATA[<p>gordy three horses, surely it&#8217;s the &#8220;taking delivery&#8221; of your metals which puts most punters off buying the precious stuff.</p>
<p>There must be very few people, like you, who actually want to have the worry and the cost of the delivery of the gold and silver to their house or their bank.</p>
<p>Then, you&#8217;ve got the problem of sending it back into the market with associated costs when you want to sell the stuff.</p>
<p>I am into gold and silver purchases, but if I had to have the stuff delivered to me on every occasion, I&#8217;d give the whole idea up.</p>
<p>I cannot understand why people don&#8217;t see this as a problem for the ordinary person in the street. Why does no one appear to consider, in public, the use of dealers who will store the gold and silver for you in safe and audited vaults?</p>
<p>Why all this shyness about eDealers?</p>
<p>The bullion market would, surely, shoot upwards if John Doe and his wife bought real gold and silver in great abundance, because there are millions of John Does around, and the price for investors like you and me would rocket up. After all, there is only a limited amount of gold for sale, so the price goes up.</p>
<p>Anyone out there used an eDealer? Anyone used GoldMoney as I have? GoldMoney has linked up with Apple iPhone so you can buy and sell your precious stuff when you&#8217;re away from the office or from home.</p>
<p>That&#8217;s the best way TO OWN THE METALS OUTRIGHT, gordy three horses!</p>
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		<title>By: ROY KENDALL</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-848</link>
		<dc:creator>ROY KENDALL</dc:creator>
		<pubDate>Fri, 10 Apr 2009 06:53:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=6825#comment-848</guid>
		<description>Everyone must read &quot;Ommius Parallels&quot; by Leonard Piekoff.  Paralells between pre-Nazi German and the USA today.</description>
		<content:encoded><![CDATA[<p>Everyone must read &#8220;Ommius Parallels&#8221; by Leonard Piekoff.  Paralells between pre-Nazi German and the USA today.</p>
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		<title>By: Paul, WA</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-852</link>
		<dc:creator>Paul, WA</dc:creator>
		<pubDate>Fri, 10 Apr 2009 00:28:43 +0000</pubDate>
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		<description>But not zero risk.  Physical bullion can walk right out your door in a raid. As more citizens invest in assets they personally hold... and this becomes common knowledge, the risk (including injury and death) becomes higher.</description>
		<content:encoded><![CDATA[<p>But not zero risk.  Physical bullion can walk right out your door in a raid. As more citizens invest in assets they personally hold&#8230; and this becomes common knowledge, the risk (including injury and death) becomes higher.</p>
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		<title>By: K. Klein</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-849</link>
		<dc:creator>K. Klein</dc:creator>
		<pubDate>Thu, 09 Apr 2009 17:53:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=6825#comment-849</guid>
		<description>I believe the answer to the story tag line is: both.  I think we will see another 1-2 years of rapidly accelerating downhill slide, completely wiping out the middle class in our country, and then, at the bottom of the depression, once the fallout settles, the government will have to reckon with their reckless spending and massive overprinting of worthless fiat currency.  Hyperinflation will then take off like a rocket, and the American way of life as we have known it, will be gone for good.  I do agree that precious metals (with physical possesion of said metals) is the best course of action at this time, but I do not know where the &quot;values&quot; will go.  People keep touting gold at $2300-$2700/oz, but with the dollar devaluation freefall that will occur during hyperinflation, what meaning will $2700/oz have?</description>
		<content:encoded><![CDATA[<p>I believe the answer to the story tag line is: both.  I think we will see another 1-2 years of rapidly accelerating downhill slide, completely wiping out the middle class in our country, and then, at the bottom of the depression, once the fallout settles, the government will have to reckon with their reckless spending and massive overprinting of worthless fiat currency.  Hyperinflation will then take off like a rocket, and the American way of life as we have known it, will be gone for good.  I do agree that precious metals (with physical possesion of said metals) is the best course of action at this time, but I do not know where the &#8220;values&#8221; will go.  People keep touting gold at $2300-$2700/oz, but with the dollar devaluation freefall that will occur during hyperinflation, what meaning will $2700/oz have?</p>
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		<title>By: gordy three horses</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-851</link>
		<dc:creator>gordy three horses</dc:creator>
		<pubDate>Thu, 09 Apr 2009 16:50:16 +0000</pubDate>
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		<description>buy silver&amp; palladium, take delivery and you have ZERO default risk, not so with paper. OWN THE METALS OUTRIGHT!</description>
		<content:encoded><![CDATA[<p>buy silver&amp; palladium, take delivery and you have ZERO default risk, not so with paper. OWN THE METALS OUTRIGHT!</p>
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		<title>By: Phil Steinschneider</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-850</link>
		<dc:creator>Phil Steinschneider</dc:creator>
		<pubDate>Thu, 09 Apr 2009 15:52:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=6825#comment-850</guid>
		<description>Hitler was never elected to office. He was actually named to the position by the German president of the time, Paul von Hindenburg. Both von Hindenburg and von Papen (the Chancellor) tried to contain Hitler by offering him the position of Vice Chancellor, which Hitler declined. Eventually, von Papen was able to convince von Hindenburg that if Hitler was given the Chancellery, Hitler could be controlled. He was given the position.

After the Reichstag was set ablaze by a supposed communist, Hitler used the event to suspend all constitutional liberties and moved towards eventually becoming the authoritarian leader of Germany.

Arguably, a series of foolish political blunders allowed Hitler’s rise to power; not only the economic situation in Germany at the time. He was simply the &quot;right&quot; person at the &quot;right&quot; time who managed to slide into a dictatorial role by using the political miscalculations of rival politicians.

In fact, right before being named Chancellor, the Nazi’s lost seats in parliamentary elections. The Nazi Party remained a minority party—albeit the largest one—up until Hitler began exercising authoritarian rule by severely hobbling (or banning outright) competing parties.

Regardless, as Mr. Hutchinson correctly explains, the current monetary policy of the United States reflects the behavior of Weimar Germany in many ways. Just as Germany tried to inflate itself out of burdensome war reparations imposed on it by the Treaty of Versailles, the US is trying to inflate itself out of debt brought about by profligate and unproductive spending by government, corporations, and the consumer.</description>
		<content:encoded><![CDATA[<p>Hitler was never elected to office. He was actually named to the position by the German president of the time, Paul von Hindenburg. Both von Hindenburg and von Papen (the Chancellor) tried to contain Hitler by offering him the position of Vice Chancellor, which Hitler declined. Eventually, von Papen was able to convince von Hindenburg that if Hitler was given the Chancellery, Hitler could be controlled. He was given the position.</p>
<p>After the Reichstag was set ablaze by a supposed communist, Hitler used the event to suspend all constitutional liberties and moved towards eventually becoming the authoritarian leader of Germany.</p>
<p>Arguably, a series of foolish political blunders allowed Hitler’s rise to power; not only the economic situation in Germany at the time. He was simply the &#8220;right&#8221; person at the &#8220;right&#8221; time who managed to slide into a dictatorial role by using the political miscalculations of rival politicians.</p>
<p>In fact, right before being named Chancellor, the Nazi’s lost seats in parliamentary elections. The Nazi Party remained a minority party—albeit the largest one—up until Hitler began exercising authoritarian rule by severely hobbling (or banning outright) competing parties.</p>
<p>Regardless, as Mr. Hutchinson correctly explains, the current monetary policy of the United States reflects the behavior of Weimar Germany in many ways. Just as Germany tried to inflate itself out of burdensome war reparations imposed on it by the Treaty of Versailles, the US is trying to inflate itself out of debt brought about by profligate and unproductive spending by government, corporations, and the consumer.</p>
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		<title>By: Michael Paulsen</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-846</link>
		<dc:creator>Michael Paulsen</dc:creator>
		<pubDate>Thu, 09 Apr 2009 13:38:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=6825#comment-846</guid>
		<description>Excellent article!!! Since I have a large chunk of my savings already in physical gold, I am not as concerned about the financial effects of this situation. What is more alarming to me is the political and social ramifications when the Fed attempts to put the brakes on the stimulus and tries to raise rates. The reference to the election of Adolf Hitler is really the scary part of this. The potential for significant social &amp; political unrest should not be underestimated.</description>
		<content:encoded><![CDATA[<p>Excellent article!!! Since I have a large chunk of my savings already in physical gold, I am not as concerned about the financial effects of this situation. What is more alarming to me is the political and social ramifications when the Fed attempts to put the brakes on the stimulus and tries to raise rates. The reference to the election of Adolf Hitler is really the scary part of this. The potential for significant social &amp; political unrest should not be underestimated.</p>
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		<title>By: Simon Peter</title>
		<link>http://www.permanentwealthinvestor.com/archives/financial-crisis-hyperinflation/comment-page-1/#comment-847</link>
		<dc:creator>Simon Peter</dc:creator>
		<pubDate>Thu, 09 Apr 2009 12:28:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=6825#comment-847</guid>
		<description>Thank you for your articles, which I read with interest.

Why, O Why, however, do you not mention GoldMoney or BullionVault for the purchase of gold and silver?

The ETFs are not the real metal and are, therefore, open to counterparty risk. When I buy from the edealer GoldMoney, I own the gold and the silver outright. I have no risk!

Why buy from the gold and silver mines when you can buy large ingots, and parts of, through a internet dealer?

There is a blind spot in the eyes of financial commentators regarding the purchase by the ordinary person of real gold and silver via the edealers. They NEVER mention them!</description>
		<content:encoded><![CDATA[<p>Thank you for your articles, which I read with interest.</p>
<p>Why, O Why, however, do you not mention GoldMoney or BullionVault for the purchase of gold and silver?</p>
<p>The ETFs are not the real metal and are, therefore, open to counterparty risk. When I buy from the edealer GoldMoney, I own the gold and the silver outright. I have no risk!</p>
<p>Why buy from the gold and silver mines when you can buy large ingots, and parts of, through a internet dealer?</p>
<p>There is a blind spot in the eyes of financial commentators regarding the purchase by the ordinary person of real gold and silver via the edealers. They NEVER mention them!</p>
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