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From: norm@ariel.UUCP (N.ANDREWS)
Newsgroups: net.invest,net.flame
Subject: Re: Gold Purchase
Message-ID: <551@ariel.UUCP>
Date: Tue, 31-Jan-84 17:48:44 EST
Article-I.D.: ariel.551
Posted: Tue Jan 31 17:48:44 1984
Date-Received: Tue, 7-Feb-84 06:10:51 EST
References: <641@pyuxhh.UUCP>
Organization: AT&T-ISL, Holmdel, NJ
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Dave Peak's reply to Bruce's article (about not wishing to purchase gold from
an oppressive regime) is certainly a valid contribution to this newsgroup.
I think one shouldn't make purchases of gold from the Soviet Union because of
its cost in human life in Soviet Union. I have heard that the Soviets use forced
labor in their gold mines, and that mine camp conditions are so bad that one
life is lost for each kilo of gold mined there.  (Can anyone back this up?)

Other investments are similarly suspect.  I wouldn't want to buy Government
bonds.  When you buy Government bonds, the government spends the money.  When
the bond matures, the gov't has to either reborrow to cover the principal and 
interest, or tax the public (steal), or inflate the money supply (defraud by
counterfeiting money).  Since the body politic won't stand for too much in the
way of taxes or inflation, the gov't has borrowed its way deep into debt.  But
limit has just about been reached here, too.  Those who buy gov't bonds are 
loaning money to crooks who will engage in a relation of state with the tax-
payer to repay the loans.  And it looks like the day will soon come when the
loans won't even be payable that way.

Take stock in America:  REFUSE to buy government bonds!
--Norm Andrews, speaking only for himself.