EZ...of course I'm not saying that CDs are better than gold stocks in this environment. I was just illustrating the point that history repeats itself. I'm not sure if Turtle's father had an opinion on gold, given his experience with the great depression, but if he had gold and it was confiscated by the Federal government back in the 30's, my guess is that he might have been leery of gold here as well. More than a few discussions have taken place regarding whether gold may be confiscated (or taxed to oblivion) this time around. My guess is they'll devalue the dollar and then possibly impose an onerous windfall profits tax on gold and silver.....the final stick in the eye for those who have coughed up blood trying to protect themselves in precious metals. I wonder whether they'll tax the sh!t out of those who own gold\silver shares as well. It wouldn't surprise me. "THE MAN" is starved for revenue. "THE MAN" is mean.

Right now in the U.S. you pay 28% capital gains tax on bullion....versus 15% on capital gains reaized from "paper" profits. On top of that, in NJ you pay a 10% capital gains (and no....you can't offset future gains in NJ by past losses) as well. 38% if you win....bankrupcy if you lose. Seems fair to me.