Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site ariel.UUCP Path: utzoo!watmath!clyde!floyd!vax135!ariel!norm 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 Lines: 20 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.