U.S. Gold Seizure Mechanism In Place

This is not a fun read.

I'm too young to remember the historic events recited in this piece of scholarly prose...but the opportunity seems to be here, and the motive and means are not in question.

I'd like to hear from those of you who feel strongly about this possibility; either way!

Thanks for looking...

http://secure.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=12872

 

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Believe me , if the author could have come up with even one case where some one was fined or imprisoned, he would have presented it. there are other threads on this topic on the site. My point is that then the US currency was backed by PM, and PM were an integral part of the economy. Today Gold is a commodity whose pricing is directed by the strength of a paper dollar ( like it or not). IMO.

 

Which means that if the dollar ever fails, we're going to be killed, down to the last man, woman, and child, until they have the last speck of gold from your grandpa's teeth.

Then they'll start a new gold standard to increase confidence, then they'll go off it again to increase spending, then the new dollar will crash, rinse, and repeat. More bodies on the pile.

 

If gold confiscation was so effective, how is it that I can find some of these……..
http://www.apmex.com/Category/227/20_Double_Eagles_Saint_Gaudens_1907_1933.aspx
Fear based marketing, works every time, ask any politician.

 

or hucksters like glenn beck. GOLDLINE

 

Lol you people don't believe gold confiscation could happen. You must be right, I mean sure, they already did it before, but that was back then. There's no way they would ever do it again, because now our government respects freedom and property rights, and never steals anything from anyone...

 

Howdy all,

First to respond to wl - they talked but they never actually confiscated anyone's gold or raided any citizen for theirs. It was a voluntary and honor system. They also exempted coins and jewelry, so . . . feh.

As for scyther, Sure, the black helicopters might come to steal our chickens and take our gold, and this is a possibility. But I see the odds so low as to not really count as something we need to worry about. The logistics would be impossible to handle - even for Big Bro at his worst. And believe me, our gov't earned my distrust in the paddies of vietnam so don't for a minute think that I don't know the gov't is going to screw us all as often and as hard as they can. It's just that are so many much easier ways than trying to confiscated peoples gold. For $ they could seize the 'gold' that's being 'held' by the ETFs. Much easier although I would want every bar assayed. ;-)

However, in summary, if anyone fears the gov't might seize their physical bullion, they should disguise it as a numismatic collection, they should diversify it, they should buy from many different sources, and they should keep their purchases at a discrete size.

peace,

rono

 

And just whome do you think will come knocking at your door to pick it up???

I believe gold is on the same confiscation level as guns, people aint guna give it up so easy!!!

Although, I would love to meet this person, his testicles must be Biblical in proportions!!!

 

So the Gold Bullion act of 1985 never happened, right?




http://www.usmint.gov/pressroom/legislation/Public_Law_99-185.pdf

 

Such vicious sarcasm! Heretic!!

 

Which person? The lawyer?

 

This is stupid. How many agents would they need to hire to go to everyone's door and ask for their gold and then to search every room of every house? And I don't think dogs or pigs can sniff out gold.

It might be fun to get all excited about gov't conspiracies and read about all the terrible stuff "they" are going to do to us. It's great escapism, but you should still try make time to experience reality sometimes.

 

Obviously it did happen...and seems to offer refuge from my posted article...or does it? I admit confusion.

 

Actually, if something like this were to happen, I could see the Gov's raiding our IRA's before they'd ever go for the gold.......

 

Gold is a monetary metal clearly, if it was just a commodity it probably wouldn't be worth more than $100-$200 an oz, very little industrial uses for gold. For comparison look at Platinum, if you are comparing gold and platinum as pure commodities platinum should be worth MUCH MUCH more than gold for many reasons, yet its not. Because gold is a monetary metal, not a commodity.

 

OUCH! I'm bleedin' here...Deep cut!!

 

Independently of the link in the OP, and contrary to snopes.com which isn't a reliable source of information anyway, I have personally read the text of the National Defense Resource Preparedness Executive Order which has already been signed as of March 2012, and it does allow for the government to acquire any assets in the name of national defense whether during an emergency or not during an emergency, as in anytime. It's full of legalese and very vague, but essentially it leaves the door open to take anything at any time. Whether they would actually do this remains to be seen, but they've certainly given themselves the ability, and we know that often times those involved are slapped with gag orders. I don't put a high likelihood on confiscation until after the COMEX defaults, but at that point anything goes.

I agree with sodude in that there just isn't enough manpower to go to everybody's door, but I wouldn't dare use a safety deposit box, and I'm sure anybody who has purchased online and left a paper trail will be at the top of any door to door list. That includes me, but I'm not worried. I won't be home when they come looking.

If you don't hold it you don't own it.

 

Sorry Jim, but this is simply incorrect. The strength of the dollar has very little to do with the price of gold which is driven primarily by buying and selling of paper contracts. I don't understand why you know so much about the COMEX yet still reinforce this false line of thinking. The strength of the dollar is measured by the dollar index which is roughly 60% weighted in the Euro. All that tells you is how it's trading with other currencies, not how strong it actually is (buying power), which in the past would have been able to be gauged by the gold price, but is not the case today with contracts moving the price instead.

Also, gold being a commodity is only 1/3 of the story. First it was an element. Second it was money. The commodity designation is tertiary and only carries more weight than the others because we have allowed the price discovery mechanism to be hijacked.

 

This is as truthy as it gets. Why would they ask you to turn something in when they can just sit at a computer and take it with a couple keystrokes?

It's a motto that has caused many divorces: Why ask permission when you can beg forgiveness?

 

Sorry,

I lost ALL of my guns and gold in a terrible boating accident...

Terrible I say...



Still pretty broken up about it...