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U.S. Gold Seizure Mechanism In Place
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<p>[QUOTE="scyther, post: 1691444, member: 42170"]A couple points- they don't have to go door to door. I don't expect them to, although nothing would surprise me. What they would do is simply make it illegal to sell or own, which would prevent it from being widely accepted, severely shrink the market for it, and ultimately destroy much of it's value. Anyone caught using it would be severely punished. So even if you ahev some, it won't be of much use.</p><p><br /></p><p>They might raid IRAs, but probably not, and even if they do, that doesn't mean they won't attack gold. Gold is anonymous, private, and hard to track. It represents freedom. It is not conductive to a collectivist economy. Also, even if the total amount of wealth held in gold is much less than that held in the financial system, it's possible for some people to benefit greatly by holding it, which sends a bad message. They will take it more because they don't want you to have it than because they want it for themselves.</p><p><br /></p><p>Personally, I think the price of gold will dramatically and permanently collapse within the next few decades due to new mining technology, and thus the government will have no motive to outlaw it. But <i>if</i> there is a great crisis before that happens, I wouldn't be the least bit surprised to see gold made illegal.[/QUOTE]</p><p><br /></p>
[QUOTE="scyther, post: 1691444, member: 42170"]A couple points- they don't have to go door to door. I don't expect them to, although nothing would surprise me. What they would do is simply make it illegal to sell or own, which would prevent it from being widely accepted, severely shrink the market for it, and ultimately destroy much of it's value. Anyone caught using it would be severely punished. So even if you ahev some, it won't be of much use. They might raid IRAs, but probably not, and even if they do, that doesn't mean they won't attack gold. Gold is anonymous, private, and hard to track. It represents freedom. It is not conductive to a collectivist economy. Also, even if the total amount of wealth held in gold is much less than that held in the financial system, it's possible for some people to benefit greatly by holding it, which sends a bad message. They will take it more because they don't want you to have it than because they want it for themselves. Personally, I think the price of gold will dramatically and permanently collapse within the next few decades due to new mining technology, and thus the government will have no motive to outlaw it. But [I]if[/I] there is a great crisis before that happens, I wouldn't be the least bit surprised to see gold made illegal.[/QUOTE]
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