Some Guy Talking about the Government Confiscating Gold?!

Discussion in 'Bullion Investing' started by fretboard, Aug 10, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Yes it happened in the early 1930's but this is a different time and a different world! Would you allow the government to buy your gold coins for cheap prices? :D

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  3. furham

    furham Good Ole Boy

  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Ya know, if everyone keeps starting threads which open the door for more and more political commentary, Doug @GDJMSP will probably start losing his beauty sleep.
    ~ Chris
    wxcoin, harrync, Alegandron and 4 others like this.
  5. baseball21

    baseball21 Well-Known Member

    It's not going to be confiscated its a dumb topic to give any time of the day
    wxcoin, harrync, onecenter and 3 others like this.
  6. Robert Ransom

    Robert Ransom Well-Known Member

    It could happen given the right circumstances, however, the subject could turn political, so, if I possessed gold, and I'm not indicating I do, I would not give it up and hide it somewhere safe.
    buckeye73, tibor and GoldFinger1969 like this.
  7. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    My advice to anyone who invests in gold: if you own it, keep it close and tell no one!
    LA_Geezer, tibor and Mike Davis like this.
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Yep, The Gubmint will go back on the gold standard, then confiscate everybody's gold so they have enough holdings. But if you act now, we'll sell you these gorgeous, easy-to-hide American Gold Eagles, each holding ONE-TENTH TROY OUNCE of GOLD, for just $349.99 each (plus shipping and handling)! Buy ten, and we'll cut the price to $329.99, a discount of FOUR TIMES THEIR FACE VALUE!

    Act now, because there's a limit to how much gold we're willing to trade for worthless fiat paper. (okay, at this price, there actually isn't a limit to how much we're willing to trade...)
    UncleScroge, wxcoin, Two Dogs and 6 others like this.
  9. Mr. Flute

    Mr. Flute Well-Known Member

    Nice. :)
  10. fretboard

    fretboard Defender of Old Coinage!

    They would have to pull it out of my crevice, yes that right, that crevice! laughhard.gif
    crazyd likes this.
  11. crazyd

    crazyd Active Member

    Cold dead crevice ? :)
  12. fretboard

    fretboard Defender of Old Coinage!

    You got that right! ;)
  13. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . . Supporter

    It's a freeking advertisement for crying out loud . . . . . .

    I've got a little "appliance" for that guy that just wasted 12:58 of my life . . . . . . actually, this is for both of them . . . . .


  14. medoraman

    medoraman Supporter! Supporter

    Problem with this worry is that when the US government forced the turn in of gold back in the 1930's they did it at market rate. I guess if the government paid market rate for the gold it would not be such a huge deal to me. Most people who propose such things make the assumption the government will do it at below market rates, but that is a huge leap. At that point I would Ron Swanson it and bury it around somewhere only I know about it. :)

    I love Ron Swanson.
    Alegandron likes this.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    The one they're already prospecting at least once a year, right?
    wxcoin, fretboard and Kentucky like this.
  16. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . . Supporter

    You've gotta remember that back in 1933 the US was emerging from a severe depression. Individual gold ownership had skyrocketed amongst the general public due to the US leaving the gold standard AND mistrust in the US Dollar.

    Both of the above trigger factors are missing, and I don't see the lack of faith in the US Dollar emerging with the US Dollar still being used as the de-factor world standard against which all other currencies are measured.
    Alegandron likes this.
  17. Kentucky

    Kentucky Supporter! Supporter

    You're fitting in well here...
  18. Kentucky

    Kentucky Supporter! Supporter

    Doug's @GDJMSP new avatar after losing "beauty" sleep...
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    Just someone looking for excitement.
    Alegandron likes this.
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You'd have a financial collapse or political upheaveal such that the LAST THING you'd worry about is your gold.
    tibor likes this.
  21. medoraman

    medoraman Supporter! Supporter

    Wow, looks a lot like me first thing in the morning. I have a little more hair on the sides, and not as droopy ears, but pretty close! :)
    Last edited: Aug 10, 2020
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