Message:

<p>[QUOTE=&quot;superc, post: 1743195, member: 44079&quot;]Family lore (I wasn&#039;t there yet) had both sets of my grandparents losing&nbsp; a few gold coins stored in bank boxes and elsewhere when Roosevelt did&nbsp; his thing.&nbsp; So yes, they could do it again.&nbsp; </p><p>One error jumps out at&nbsp; me.&nbsp; What the government will pay for ASEs and similar coins is not the&nbsp; bullion value (which the govt. has the authority to reset), but the face&nbsp; value of the coin.&nbsp; So for your 2012 MS70 proof ASE, you will get $1.&nbsp;&nbsp; No more.&nbsp; The same for your $5 gold piece.&nbsp; Etc.&nbsp; Proof state silver coin?&nbsp; What was the face value?&nbsp; That is what they will pay you.</p><p>Is&nbsp; it probable?&nbsp; Uh mmm, maybe 60/40 or 30/70.&nbsp; Especially for the&nbsp; silver.&nbsp; We squandered a lot in the past decade.&nbsp; Another not thought&nbsp; out war, or ill funded social program could really increase our debt&nbsp; levels.&nbsp; Possibly to the extent that foreign nations with better&nbsp; financing would not accept our bonds or extend us credit.&nbsp; Likewise,&nbsp; silver is used in ways that don&#039;t lend themselves to cheap recycling.&nbsp;&nbsp; So the question becomes is there enough silver sitting in private hands&nbsp; to justify the political ire of an eminent domain confiscation?&nbsp; Clearly&nbsp; Roosevelt thought there was enough gold, even though well less than he&nbsp; expected was recovered.&nbsp; I think there would be a warning sign it was&nbsp; coming.&nbsp; I think the first warning sign would be the US Mint suddenly&nbsp; halting the sale of ASEs and AGEs.&nbsp; Maybe about 5 or 6 months before the&nbsp; new confiscation order emerges.&nbsp; Last time folks who could moved their&nbsp; gold outside the US.&nbsp; In the time of Nixon that no longer became safe&nbsp; from seizure.&nbsp; I wish I had asked my parents more about the one or two&nbsp; Gold pieces their parents were allowed to keep.&nbsp; I know that gold went&nbsp; underground, but it still had some private trades.&nbsp; I&#039;d like to learn&nbsp; how that was done.</p><p>The knowledge may come in handy someday.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in