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Date: Wed, 26 Jul 1995 00:11:39 -0500 (CDT)
From: James Hayman <jsh@io.com>
To: usa-forever@webcom.com
Cc: USA-forever@webcom.com
Subject: Re: USA! All That Glitters . . . . .
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On Tue, 25 Jul 1995, Zeda Ass'n [Ralph Burr] wrote:

> Ahhhhh! NOW, we're going to look at commodities as hard futures.
> Holding gold as such is both expensive and not very practical in
> small amounts. As Canadian/So. African/U.S. coins, maybe, but you
> have money in too large denominations for everyday transactions.
>
> Small silver U.S. coins are still quite practical, although quite
> expensive right now, and unlikely to decline much in price.
>
> Be wary of diamonds -- DeBeers isn't the only controller any more!
>
> A savings alternative is to own shares of well recognised gold mining
> operations in other parts of the world. (I recently chose So. Africa.)
> They are owned by a nominee attorney or, as in my case, a nominee bank
> I've used for 30 years in an area impervious to our IRS. DO NOT buy an
> ADR for an overseas mine. American Depository Receipts are domestic
> U.S.documents REPRESENTING the actual stock held overseas. If you're
> reminded of the Fed system, you're thinking clearly. Bon chance!
>                                                         Pax
     Excellent advise. Another thing to think abaout is getting at least
a years supply of food into a place you control. I remember reading books
about Prison Camps during war where cigarettes were used as currency.
Anything people will accept in trade for their goods and services is
money. Historically Gold and Silver have been the most acceptable
commodities that also served as money. For an excellent discussion of
this see Murray Rothbards "What has Government Done to Our Money?". Free
people can demand anything they wish in return for their goods and
services. If we consider ourselves to be free people we should start
acting like it and see how well free markets can work for us. All the
tools for doing this are available it just takes effort.

                                         Regards
                                       Jim Hayman
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