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Message:: [QUOTE="medoraman, post: 1666880, member: 26302"]I don't disagree Blaubart. Same could be said of stocks and bonds now that physical documents are now never used, its all electronic. What is to stop the powers that be to decide one day 10% of all stocks, or bonds, or 401k's should be converted "for the national good", or "investments" or "fairness" or whatever terms they want to use for theft that day. I was simply pointing out that they have DONE this in the past already, there is court precedence, in this country for gold confiscation. They don't NEED to take your gold, they simply pass a law making it illegal for you to keep it. What good is it then? Who is going to risk Ft Leavenworth to trade for your gold? Yes, you could keep it buried, but how much protection is it giving you as long as its illegal to use? I was just saying THIS form of confiscation is as likely as any other, so I just don't understand how PM will save us from governments out of control. I simply to prefer to spread it around hoping that if they do due something they will not wipe out all savings at once. Someone 100% into PM is taking a pretty large risk IF they ever did this again, right? Just like in this day and age I would never have 100% in land, stocks, bonds, or a savings account, I would never have it 100% in PM either. Just my opinion.[/QUOTE]