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<p>[QUOTE="medoraman, post: 1769111, member: 26302"]Just wondering where the heck this comment or euphemism comes from. Please tell me where and when, (short of communist revolution or something), countries have gone into safe deposit boxes. People parrot this saying continuously like its a well known fact. Even in 1933 the government did not walk into a bank and force them to open up SDB and show them their contents.</p><p> </p><p>It just seems funny this comment keeps getting thrown around here, and not challenged. Please show me one instance in the US where the government has forced banks to open up SDB to check to see if there is "illegal" gold or silver inside. Last I read the government has to have a warrant to search a SDB. Yes, they can force them to open them, but they have to have just cause that you committed a crime.</p><p> </p><p>It simply sounds like another catchy phrase PM sellers thought up, (or maybe safe sellers in this case). It might be true if you are talking about physical pm versus ETF or bank DEPOSIT pm, but I simply do not understand how its not true in the case of a SDB.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1769111, member: 26302"]Just wondering where the heck this comment or euphemism comes from. Please tell me where and when, (short of communist revolution or something), countries have gone into safe deposit boxes. People parrot this saying continuously like its a well known fact. Even in 1933 the government did not walk into a bank and force them to open up SDB and show them their contents. It just seems funny this comment keeps getting thrown around here, and not challenged. Please show me one instance in the US where the government has forced banks to open up SDB to check to see if there is "illegal" gold or silver inside. Last I read the government has to have a warrant to search a SDB. Yes, they can force them to open them, but they have to have just cause that you committed a crime. It simply sounds like another catchy phrase PM sellers thought up, (or maybe safe sellers in this case). It might be true if you are talking about physical pm versus ETF or bank DEPOSIT pm, but I simply do not understand how its not true in the case of a SDB.[/QUOTE]
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