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- - Gold Confiscation (http://goldismoney.info/forums/showthread.php?t=362752)

Legionfigu | 03-28-2009 07:59 PM
Gold Confiscation Could it happen again? http://i362.photobucket.com/albums/o...tialExecut.jpg

MetalMoney | 03-28-2009 08:57 PM
Re: Gold Confiscation No point. Theres not enough gold now to re-back us if we tried. More likely they'll make some generic basket of commodities to back a currency.. I.E. Oil/nat gas, Wheat/corn, metals, etc... If it ever comes to that......

Silver Shield | 03-28-2009 11:26 PM
Re: Gold Confiscation Much more wealth to plunder through printing money... Why overtly steal when a trillion in a day does not raise eyebrows... We are so screwed.

St. Germain | 03-28-2009 11:32 PM
Re: Gold Confiscation Amazing how much pre-33 gold is around in spite of the confiscation. Hell - might as well make it April 1st for all the good it will do; Lot's of good hardworking folks will be legislated into criminals in an instant. The slide down the slippery slope will have many deciding on which laws they care to obey. From there it will get interesting. ST

Jazkal | 03-29-2009 12:09 AM
Re: Gold Confiscation So they let everyone keep 5 - 1 oz coins per person. Wonder if they will allow the same this time around?

prophet | 03-29-2009 08:36 PM
Re: Gold Confiscation Quote:
Originally Posted by Legionfigu (Post 1650783) Could it happen again? http://i362.photobucket.com/albums/o...tialExecut.jpg
i thought USA is called the "LAND OF THE FREE" ? :thumpdown

staupostek | 03-29-2009 08:41 PM
Re: Gold Confiscation Quote:
Originally Posted by prophet (Post 1652448) i thought USA is called the "LAND OF THE FREE" ? :thumpdown
It is. One is free to do as the government says or else pay the consequences. See, you have a choice.

OutlawJoseyWalesJr | 03-29-2009 09:07 PM
Re: Gold Confiscation If the gov't confiscates anything, it will probably be IRA's and 401K's. There is more paper "wealth" in that and it is easy for the gov't to confiscate retirement accounts IMHO. I do not think the gov't will confiscate gold but then again......................

AGRO | 03-29-2009 09:48 PM
Re: Gold Confiscation How are they really going to know if you have gold? So what if there are paper trails of purchse, maybe you sold it all. They will NEVER get my gold.

FunnyMoney | 03-29-2009 09:58 PM
Re: Gold Confiscation Just to even imagine that this nation created an executive order to do this is shocking. To think, here the president is telling the people that they must give up their constitutional rights to liberty, in general, and to gold money, in particular and turn them over to a PRIVATE THIRD PARTY, the federal reserve bank or a member bank thereof, and that if they don't they could go to jail for many years. If the dollar becomes worthless by way of foreign repudiation of it and the inability to pay off the interest on the debt with anything of value, then TPTB might decide to steal gold once again. If fiat money is rejected by the marketplace in a move to a medium with intrinsic value then TPTB may have no choice but to steal through confiscation as printing fiat would simply waste their time. I doubt things unfold like this, but it is more than a simple remote possibility.

Curmudgeonista | 03-29-2009 10:02 PM
Re: Gold Confiscation Sorry, but this is silly. They're not going to confiscate your gold. They don't have to. They can simply tax it away from you.

AgAuGal | 03-29-2009 10:03 PM
Re: Gold Confiscation how can one destroy (make it useless) gold and silver? if they decide to steal/take what was lawfully purchased and worked for or prevent the use/trade of lawfully obtained bullion then I would rather see it destroyed then let them have any of it.

AgAuGal | 03-29-2009 10:08 PM
Re: Gold Confiscation Quote:
Originally Posted by Curmudgeonista (Post 1652632) Sorry, but this is silly. They're not going to confiscate your gold. They don't have to. They can simply tax it away from you.
yep just like the Congress wants to tax the AIG bonus earners 90%(I'm not saying the contracts for these bonuses make sense but they were legally set), they will just change the rules.

11S11ver | 03-29-2009 10:15 PM
Re: Gold Confiscation There's no incentive to go after the people's bullion since we're no longer on a gold standard and 99% of the population has never even touched a gold coin. I think instead they would go after the ETF gold vaults. Or just start a cash4gold scam and steal the people's scrap gold for pennies on the dollar.

Irons | 03-29-2009 10:34 PM
Re: Gold Confiscation Don't get your shorts in a wad, even if these loons confinscated every gram of gold on earth it woulden't even begin to pay the bills they are creating. non topic.

Irons | 03-29-2009 10:37 PM
Re: Gold Confiscation Quote:
Originally Posted by OutlawJoseyWalesJr (Post 1652506) If the gov't confiscates anything, it will probably be IRA's and 401K's. There is more paper "wealth" in that and it is easy for the gov't to confiscate retirement accounts IMHO. I do not think the gov't will confiscate gold but then again......................
You my Friend are dead on, this will be done in less than 3 years from now. It will be for your own good.

Curmudgeonista | 03-29-2009 10:41 PM
Re: Gold Confiscation Quote:
Originally Posted by AgAuGal (Post 1652642) yep just like the Congress wants to tax the AIG bonus earners 90%(I'm not saying the contracts for these bonuses make sense but they were legally set), they will just change the rules.
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/PUXx8nkgB7U&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/PUXx8nkgB7U&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object> Ol' Chucky can just do a "find and replace" a few times and he won't even have to write a new speech. Just replace "employees" with "hoarders", then insert "gold" for "money" and "precious metals" for "bonuses".

OutlawJoseyWalesJr | 03-29-2009 10:44 PM
Re: Gold Confiscation Quote:
Originally Posted by AGRO (Post 1652605) How are they really going to know if you have gold? So what if there are paper trails of purchse, maybe you sold it all. They will NEVER get my gold.
......or maybe a phyiscal gold owner decided to take their gold with them on their boat and somehow had a "boating accident" and as a result the PMs were "lost" and never recovered..........:111:....There seems to be a lot of "boating accidents" happening to GIMmers..:111: I am glad I do not have a boat. :111:. But seriously like Curmudgeonista said, the gov't can just tax the gold to oblivion when it comes time for you sell it. The gov't would not have to take it from you physically.

Silverstone | 03-30-2009 12:00 AM
Re: Gold Confiscation They could change the rules to make it hard to sell the physical (not paper) without first paying a punitive tax, unless of course it's all off the books. But if everyone was rushing the exits to sell at the same time, would there be enough off the book buyers that were willing to pay "x"? They'd be sharking too since they would be the only game in town.

HistoryStudent | 03-30-2009 05:16 PM
Re: Gold Confiscation You'd be like a drug runner and each COIN would bring $25,000 each. :wink: Now wouldn't that be TERRIBLE? :111::111:

Curmudgeonista | 03-30-2009 05:18 PM
Re: Gold Confiscation Quote:
Originally Posted by HistoryStudent (Post 1653980) You'd be like a drug runner and each COIN would bring $25,000 each. :wink: Now wouldn't that be TERRIBLE? :111::111:
The difference is, we'd be trying to smuggle the stuff OUT of the country!

madfranks | 03-30-2009 08:05 PM
Re: Gold Confiscation The Revolution Was by Garet Garrett; click here: http://mises.org/story/2726 It is a scathing critique of FDR and his New Deal. Regarding gold confiscation, read chapter 2: To Seize Economic Power - it is a brilliant read on this period of US history. Senator Glass, former Secretary of the Treasury in April 1933: Quote:
I wrote with my own hand that provision of the national Democratic platform which declared for a sound currency to be maintained at all hazards…. With nearly 40 per cent of the entire gold supply of the world, why are we going off the gold standard? With all the earmarked gold, with all the securities of ours they hold, foreign governments could withdraw in total less than $700,000,000 of our gold, which would leave us an ample fund of gold, in the extremest case, to maintain gold payments both at home and abroad…. To me the suggestion that we may devalue the gold dollar 59 per cent means national repudiation. To me it means dishonor. In my conception of it, it is immoral…. There was never any necessity for a gold embargo. There is no necessity for making statutory criminals of citizens of the United States who may please to take their property in the shape of gold or currency out of the banks and use it for their own purposes as they may please. We have gone beyond the cruel extremities of the French, and they made it a capital crime, punishable at the guillotine, for any tradesman or individual citizens of the realm to discriminate in favor of gold and against their printing press currency. We have gone beyond that. We have said that no man may have his gold, under penalty of ten years in the penitentiary or $10,000 fine.

HistoryStudent | 03-30-2009 09:04 PM
Re: Gold Confiscation Quote:
Originally Posted by Curmudgeonista (Post 1653982) The difference is, we'd be trying to smuggle the stuff OUT of the country!
I was trying to KEEP that "PART" a bit QUIET. COMPRENDE? (? should be UPSIDE down for EFFECT! - but my keyboard ain't ESPANOL - oops!):aetsch::haha::haha::haha::signs8:

HistoryStudent | 03-30-2009 09:11 PM
Re: Gold Confiscation Quote:
Originally Posted by madfranks (Post 1654283) The Revolution Was by Garet Garrett; click here: http://mises.org/story/2726 It is a scathing critique of FDR and his New Deal. Regarding gold confiscation, read chapter 2: To Seize Economic Power - it is a brilliant read on this period of US history. Senator Glass, former Secretary of the Treasury in April 1933:
Look at the practical side. The FDR administration UP COUPLED gold from the US dollar immediately raising it up from $20 to $35 within 6 months. Then TPTB printed the wholly molly out of the fiat US dollar and then we had 100 billion (1930s) now we have a hidden 20,000 billion - 200 TIMES more (approx. enough for _____ {fill in your word :111:} govt. work) than when we started. Automatic for PM to really scoot for they are only about a fourth of their true value according to the naked sellers on paper in the CRIMEX. Then if any new orders are passed - times that by TEN! :111:

Curmudgeonista | 03-30-2009 10:56 PM
Re: Gold Confiscation Quote:
Originally Posted by HistoryStudent (Post 1654429) I was trying to KEEP that "PART" a bit QUIET. COMPRENDE? (? should be UPSIDE down for EFFECT! - but my keyboard ain't ESPANOL - oops!):aetsch::haha::haha::haha::signs8:
Spending those renegade pesos On a bottle of rum & a lime Singing, give me some words I can dance to Or a melody that rhymes First you learn the native customs Soon a word of Spanish or two But you know that you cannot trust them Cause they know they can't trust you Expatriated Americans feeling so all alone Telling themselves the same lies That they told themselves back home Down to the Banana Republic things aren't as warm as they seem When none of the natives are buying any second hand American dreams

AceNZ | 03-31-2009 12:29 AM
Re: Gold Confiscation When FDR confiscated gold, people were told to turn it in, in exchange for paper money. However, homes were never raided. They didn't send shock troops in after it. IIRC, no one was ever arrested for not turning in their gold. The real penalty was that they couldn't spend it. Regarding the risk of taxation: there is already a 28% tax on the gains from gold in the US. Might be hard to enforce on person-to-person exchanges of physical, though. Just guessing on that, of course. Here's the big reason why I don't think confiscation or confiscatory taxes will happen: how do you think Congress and the Corporatists will be protecting their wealth? Government bonds?

OutlawJoseyWalesJr | 03-31-2009 06:37 AM
Re: Gold Confiscation Quote:
Originally Posted by AceNZ (Post 1654734) When FDR confiscated gold, people were told to turn it in, in exchange for paper money. However, homes were never raided. They didn't send shock troops in after it. IIRC, no one was ever arrested for not turning in their gold. The real penalty was that they couldn't spend it. Regarding the risk of taxation: there is already a 28% tax on the gains from gold in the US. Might be hard to enforce on person-to-person exchanges of physical, though. Just guessing on that, of course. Here's the big reasons why I don't think confiscation or confiscatory taxes will happen: how do you think Congress and the Corporatists will be protecting their wealth? Government bonds?
I have a good point there. I did not think about that.

Legionfigu | 03-31-2009 02:59 PM
Re: Gold Confiscation I just can't say never. The people trusted the Gov't then.

HistoryStudent | 03-31-2009 03:11 PM
Re: Gold Confiscation Quote:
Originally Posted by AceNZ (Post 1654734) When FDR confiscated gold, people were told to turn it in, in exchange for paper money. However, homes were never raided. They didn't send shock troops in after it. IIRC, no one was ever arrested for not turning in their gold. The real penalty was that they couldn't spend it. Regarding the risk of taxation: there is already a 28% tax on the gains from gold in the US. Might be hard to enforce on person-to-person exchanges of physical, though. Just guessing on that, of course. Here's the big reason why I don't think confiscation or confiscatory taxes will happen: how do you think Congress and the Corporatists will be protecting their wealth? Government bonds?
And as I understand it - "AIG" :111::111::111: was insuring the US CONGRESSIONAL PENSIONS - so guess what - they bailing that puppy out PRONTO QUICKLY ASAP NOW TODAY. It sure DOES rhyme.

HistoryStudent | 03-31-2009 03:16 PM
Re: Gold Confiscation Quote:
Originally Posted by Legionfigu (Post 1655751) I just can't say never. The people trusted the Gov't then.
I have a GREAT book for you. "FOR GOOD AND EVIL" - by Adams. *For Good and Evil, Second Edition: The Impact of Taxes on the Course of Civilization (Paperback) by Charles Adams (Author) 18 Reviews 5 star: (12) 4 star: (4) 3 star: (0) 2 star: (1) 1 star: (1) › See all 18 customer reviews... (18 customer reviews) -------------------------------------------------------------------------------- List Price: $18.95 Price: $12.89 & eligible for FREE Super Saver Shipping on orders over $25. Details You Save: $6.06 (32%) Special Offers Available In Stock. Ships from and sold by Amazon.com. Gift-wrap available. Want it delivered Wednesday, April 1? Order it in the next 3 hours and 15 minutes, and choose One-Day Shipping at checkout. Details 25 new from $9.78 12 used from $8.00 ‹ Return to Product Overview -------------------------------------------------------------------------------- Editorial Reviews From Publishers Weekly This sweeping anecdotal survey of taxes through the ages aims to support the author's libertarian attacks on the current U.S. tax system and his call for a flat tax of 10% to replace the current income tax system. Tax attorney Adams ( Fight, Flight, Fraud: The Story of Taxation ) considers taxation a vital force in molding history; his discussions of civilizations ranging from that of ancient Greece to the French ancien regime are sometimes intriguing. For example, he suggests that the offer of tax immunity, rather than religious ideology, may have fueled the spread of Islam in the seventh and eighth centuries. But Adams does not engage other historians to argue his ideas, and he can be inaccurate with facts--forgetting Hugo Black, he writes that by the time of Nixon's presidency, the Supreme Court "had not had a Southerner for a hundred years." Some of his proposed reforms seem worthy--establish a crime for tax extortion, decriminalize the tax law--but others are dubious, such as the suggestion that members of Congress and federal judges be "immune" from the IRS. Moreover, his argument that low taxes were crucial to the "miracle economies" of Asia is simplistic; still more glaring is his failure to assess the impact of the Reagan administration's tax policies. Copyright 1993 Reed Business Information, Inc. --This text refers to the Hardcover edition. From Library Journal Adams, a tax attorney, presents the history of taxation from ancient times to the present. He studies tax law and collection procedures in ancient Egypt, Rome, Israel, Asia, Europe, and the United States, describing how taxation played a pivotal role in such earth-shattering events as the fall of Rome, the signing of the Magna Carta, and the American Revolution. The author analyzes lessons learned through study of the past and recommends measures for possible tax reform. The selected bibliography provides an excellent guide to further research. This important, timely study is highly recommended for business and history collections. - Lucy Heckman, St. John's Univ. Lib., New York Copyright 1993 Reed Business Information, Inc. --This text refers to the Hardcover edition. From Kirkus Reviews A fascinating though monochromatic libertarian history of tax policy from Babylon to Bibi Anderson, by a home-grown Will Durant of the accounting profession. Adams (a Buffalo tax attorney) explains the rise and fall of civilizations by the kinds of taxes levied and the means used to collect them. In ancient Egypt, for example, although the Pharoah's scribes taxed harvests, imports, exports, domestic sales, and slaves--everything except income, the tax on which is a modern innovation--only with tax immunity for priests and a consequent perception of tax inequity did rebellion and imperial collapse ensue. The Rosetta stone, like much of early history, is seen by Adams as a tax record. Rome fell because the egalitarian tax reforms of Emperor Julian were vitiated and finally overturned by his greedy, arbitrary successors. The Moslem hordes of the Middle Ages are seen as mild-mannered revenue agents, which explains why Islam spread so widely before the world's first excise tax unhinged its empire. Later, Enlightenment thinkers equated liberty with tax consent and defined tax freedom as a ``natural right'': The American Revolution codified that strain of thought, and Adams holds to it here as well. In his final chapters, he argues that post-WW II American tax policy replicates the errors of the Romans and the scribes--including widespread antidemocratic tax ``spying'' and taxation basically without consent--and he predicts disaster if reform isn't forthcoming. Adams will annoy liberals by not judging a tax on the merits of its use: He defines a good tax as one that's accepted by its subjects and that promotes industry and privacy. Out of step with current White House thinking, then, but making points well worth considering. -- Copyright �1993, Kirkus Associates, LP. All rights reserved. --This text refers to the Hardcover edition.

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MetalMoney | 04-02-2009 12:39 AM
Re: Gold Confiscation For those woried about taxes..... If you're keeping PMs because the value of fiat is going down, why would you sell your PMs for fiat and face the tax? As things get bad enough for your PMs to be worth selling to buy things, you should be bartering with it... trade an ounce for a car etc... no tax on either side of the transaction.... They could make the tax rate 90% and it wouldnt change its power as a barter device...

Curmudgeonista | 04-02-2009 12:56 AM
Re: Gold Confiscation Quote:
Originally Posted by MetalMoney (Post 1658503) For those woried about taxes..... If you're keeping PMs because the value of fiat is going down, why would you sell your PMs for fiat and face the tax? As things get bad enough for your PMs to be worth selling to buy things, you should be bartering with it... trade an ounce for a car etc... no tax on either side of the transaction.... They could make the tax rate 90% and it wouldnt change its power as a barter device...
Uh, the question of using taxes to rob PM owners of their wealth, as opposed to outright confiscation, need not be limited to a tax on profits. It could just as well be a "property tax" on all PM's owned. Easy to do, if not a little difficult to enforce. Nevertheless, the idea would be to stem controversy and avoid the appearance of a violation of personal or civil rights. Using taxation to do it becomes a point of law, to be argued over only in detail, not in principle (at least as far as Congress, the MSM and general public are concerned).

diversified2 | 04-02-2009 08:43 AM
Re: Gold Confiscation Quote:
Originally Posted by Curmudgeonista (Post 1658520) Uh, the question of using taxes to rob PM owners of their wealth, as opposed to outright confiscation, need not be limited to a tax on profits. It could just as well be a "property tax" on all PM's owned. Easy to do, if not a little difficult to enforce. Nevertheless, the idea would be to stem controversy and avoid the appearance of a violation of personal or civil rights. Using taxation to do it becomes a point of law, to be argued over only in detail, not in principle (at least as far as Congress, the MSM and general public are concerned).
SSSHHHhhhh!!!!!!!!!!!!!!!! Don't give them any ideas:36_1_28:

HistoryStudent | 04-02-2009 10:06 AM
Re: Gold Confiscation Quote:
Originally Posted by diversified2 (Post 1658737) SSSHHHhhhh!!!!!!!!!!!!!!!! Don't give them any ideas:36_1_28:
America is talking a VALUE ADDED TAX ( aka VAT) - like Europe over and above your individual STATE tax ON all purchases.:yes: Perhaps another 10% ON everything.:111: Barter anyONE?:23_1_22:

horseshoe3 | 04-02-2009 05:37 PM
Re: Gold Confiscation Why would the tax have to be related to PMs? Just raise the real estate taxes high enough that the people have to convert some gold to fiat in order to pay them.

chad | 04-02-2009 05:45 PM
Re: Gold Confiscation they confiscated gold because in 1933, that is where the large sums of money were. there are not going to confiscate gold this time around, because in terms of wealth, there frankly isn't any gold wealth in the avergae american household. where does the average american household keep the big money in 2009? 401ks, iras, and other retirement vehicles. that's what they're going to confiscate this time.

HistoryStudent | 04-02-2009 06:06 PM
Re: Gold Confiscation Quote:
Originally Posted by chad (Post 1659743) they confiscated gold because in 1933, that is where the large sums of money were. there are not going to confiscate gold this time around, because in terms of wealth, there frankly isn't any gold wealth in the avergae american household. where does the average american household keep the big money in 2009? 401ks, iras, and other retirement vehicles. that's what they're going to confiscate this time.
GLD & SLV plus nationalize the GOLD miners in America plus like you said "(grab) 401ks, iras, and other retirement vehicles. that's what they're going to confiscate this time." Now that would JUST about do it. :wink::yes:

HistoryStudent | 04-02-2009 06:07 PM
Re: Gold Confiscation Quote:
Originally Posted by chad (Post 1659743) they confiscated gold because in 1933, that is where the large sums of money were. there are not going to confiscate gold this time around, because in terms of wealth, there frankly isn't any gold wealth in the avergae american household. where does the average american household keep the big money in 2009? 401ks, iras, and other retirement vehicles. that's what they're going to confiscate this time.
GLD & SLV plus nationalize the GOLD miners in America plus like you said "(grab) 401ks, iras, and other retirement vehicles. that's what they're going to confiscate this time." Now that would JUST about do it. Remeber John Dillinger said, "I rob banks because that's where the money is!" Well the BANSTERS GANGSTERS GOVERNMENTERS are all the same NOW! :111::111: :wink::yes:

immanti | 04-02-2009 06:17 PM
Re: Gold Confiscation Yes, it could happen again. It's all the state's property, don't you know? You included. Be alert for the start of a media campaign to demonize gold at some point. They'll probably say the terrists or the drug dealers are using it to hide their evil money, or some dumb thing like that.

diversified2 | 04-02-2009 06:18 PM
Re: Gold Confiscation Quote:
Originally Posted by HistoryStudent (Post 1658928) America is talking a VALUE ADDED TAX ( aka VAT) - like Europe over and above your individual STATE tax ON all purchases.:yes: Perhaps another 10% ON everything.:111: Barter anyONE?:23_1_22:
I think it would be fun bartering with you HS but you probably live thousands of miles from me =( :36_3_12:

HistoryStudent | 04-02-2009 07:09 PM
Re: Gold Confiscation Quote:
Originally Posted by diversified2 (Post 1659793) I think it would be fun bartering with you HS but you probably live thousands of miles from me =( :36_3_12:
Funny thing is that I was just reading about what to GET to barter with. Canned meat Canned vegetables Freeze dried foods (Mountain House google Survival Unlimitted) Hunting Ammo Those way out West Pistol ammo Those in large cities Scotch Wiskey or Jack Daniels Cigarettes Light Bulbs & batteries Gold silver platinum coins Paper towels Toilet paper - I'll bet Jar Jar would bear down tight for that one! :wink: Just kidding! I was thinking about going down to BEVMO and grab a few cases of hootch. Thinking - I quit drinking 30 years ago but these times are making me "BEAR DOWN TIGHT!" :36_1_25::111::111: Best wishes, HS

Curmudgeonista | 04-02-2009 08:25 PM
Re: Gold Confiscation Quote:
Originally Posted by horseshoe3 (Post 1659729) Why would the tax have to be related to PMs? Just raise the real estate taxes high enough that the people have to convert some gold to fiat in order to pay them.
Wouldn't have to be just PM's. Wouldn't have to be just RE. However, the thread was about confiscation of gold. I don't believe outright confiscation is the way it would happen and I was merely showing an example of how the Feds could force you out without the appearance of impropriety. Frankly, I think the 1933 recall of gold was more about taking existing gold coinage out of circulation than trying to steal the country's wealth. Looking forward, though, I'd be more skeptical. I think we are quickly sliding down the road to absolute Socialism in the US. If so, it won't be done "October Revolution" style. It will be done in methodical steps, with one of them possibly being the "confiscation" of wealth through forms of taxation we've not yet even dreamed of.

diversified2 | 04-04-2009 03:17 AM
Re: Gold Confiscation Quote:
Originally Posted by HistoryStudent (Post 1659857) Funny thing is that I was just reading about what to GET to barter with. Canned meat Canned vegetables Freeze dried foods (Mountain House google Survival Unlimitted) Hunting Ammo Those way out West Pistol ammo Those in large cities Scotch Wiskey or Jack Daniels Cigarettes Light Bulbs & batteries Gold silver platinum coins Paper towels Toilet paper - I'll bet Jar Jar would bear down tight for that one! :wink: Just kidding! I was thinking about going down to BEVMO and grab a few cases of hootch. Thinking - I quit drinking 30 years ago but these times are making me "BEAR DOWN TIGHT!" :36_1_25::111::111: Best wishes, HS
Better add tea for me and coffee for Jar Jar,,,,Jar Jar will be a bear without coffee!!!!We don't drink alcoholic beverages....shoot I could sniff the cap and get a buzz!!!!!!! :4_1_72: :wink:

Tn...Andy | 04-04-2009 06:44 AM
Re: Gold Confiscation Quote:
Originally Posted by HistoryStudent (Post 1659771) Remeber John Dillinger said, "I rob banks because that's where the money is!"
Actually, I think it was Willie Sutton that said that in response to a reporter's question on why he was a bank robber..... As to gold confiscation, almost 100% of the folks that talk about it have it wrong. The deal in 1933 was NOT about actually GETTING gold.....because they didn't get enough to bother with.....the wee little people either didn't have much ( like today ) or simply didn't comply, and the big money folks moved theirs offshore in advance. The purpose of making gold "illegal" was twofold: 1. It stopped convertibility of paper to gold. When BOTH were in circulation, if the govt started printing too much paper, people could convert it to gold by simply going to the bank and exchanging paper for gold ( cool idea, huh ? ). That would hinder the govt's ability to print...or at least make it extremely obvious what they were doing if gold became scarce and the price began to rise outside the "official" $20/oz price realm. THIS was the main reason they had to get gold separated from the public's mind as "money". 2. The second reason, and this was specifically written in the language of the law, was to get rid of those damn "gold contracts". Since US fiat paper was also "legal tender" because of the legal tender act of 1878 ( and tested before the Supreme court in 1884 Juilliard v Greenman 110 US 421 ), people started writing contracts to be paid IN GOLD as an end run around the paper legal tender laws. If you specifically stated that you were to be paid in gold, the other party couldn't come back after the debt was established and stick you with paper notes, which was exactly why Juilliard sued Greenman.....because people recognized that gold was money, and paper was at the whim of the printing press. That notion had to be removed from the public's mind in order for the govt/bankers to gain TOTAL control of the money system. Now, since NEITHER of these apply today, the govt/bankers having been quite successful in convincing the public that gold is a mere "barbaric relic", and the public holds less gold today than probably any time in history and knows less about it ( heck, why else would the "Cash 4 Gold" folks be able to buy your old jewelry for 10 cents on the dollar ? ) than ever before, why bother to even bring it up ? A new "GOLD CONFISCATION ACT" would simply give people yet another reason to question the paper fiat system, which the govt/bankers have worked for generations to establish as the ONE TRUE MONEY..... So, the only place you hear much about confiscation is from coin salesmen that hawk overpriced, pre-33 US coins and a few goldbugs like us......99.99% of the public AND the govt doesn't give a flip, I think......

St. Germain | 04-04-2009 09:00 AM
Re: Gold Confiscation Quote:
Originally Posted by Tn...Andy (Post 1662092) Actually, I think it was Willie Sutton that said that in response to a reporter's question on why he was a bank robber..... As to gold confiscation, almost 100% of the folks that talk about it have it wrong. The deal in 1933 was NOT about actually GETTING gold.....because they didn't get enough to bother with.....the wee little people either didn't have much ( like today ) or simply didn't comply, and the big money folks moved theirs offshore in advance. The purpose of making gold "illegal" was twofold: 1. It stopped convertibility of paper to gold. When BOTH were in circulation, if the govt started printing too much paper, people could convert it to gold by simply going to the bank and exchanging paper for gold ( cool idea, huh ? ). That would hinder the govt's ability to print...or at least make it extremely obvious what they were doing if gold became scarce and the price began to rise outside the "official" $20/oz price realm. THIS was the main reason they had to get gold separated from the public's mind as "money". 2. The second reason, and this was specifically written in the language of the law, was to get rid of those damn "gold contracts". Since US fiat paper was also "legal tender" because of the legal tender act of 1878 ( and tested before the Supreme court in 1884 Juilliard v Greenman 110 US 421 ), people started writing contracts to be paid IN GOLD as an end run around the paper legal tender laws. If you specifically stated that you were to be paid in gold, the other party couldn't come back after the debt was established and stick you with paper notes, which was exactly why Juilliard sued Greenman.....because people recognized that gold was money, and paper was at the whim of the printing press. That notion had to be removed from the public's mind in order for the govt/bankers to gain TOTAL control of the money system. Now, since NEITHER of these apply today, the govt/bankers having been quite successful in convincing the public that gold is a mere "barbaric relic", and the public holds less gold today than probably any time in history and knows less about it ( heck, why else would the "Cash 4 Gold" folks be able to buy your old jewelry for 10 cents on the dollar ? ) than ever before, why bother to even bring it up ? A new "GOLD CONFISCATION ACT" would simply give people yet another reason to question the paper fiat system, which the govt/bankers have worked for generations to establish as the ONE TRUE MONEY..... So, the only place you hear much about confiscation is from coin salesmen that hawk overpriced, pre-33 US coins and a few goldbugs like us......99.99% of the public AND the govt doesn't give a flip, I think......
:applause_:applause_:applause_ Well said.......... ST

Curmudgeonista | 04-04-2009 11:42 AM
Re: Gold Confiscation Quote:
Originally Posted by Tn...Andy (Post 1662092) A new "GOLD CONFISCATION ACT" would simply give people yet another reason to question the paper fiat system, which the govt/bankers have worked for generations to establish as the ONE TRUE MONEY..... So, the only place you hear much about confiscation is from coin salesmen that hawk overpriced, pre-33 US coins and a few goldbugs like us......99.99% of the public AND the govt doesn't give a flip, I think......
Agreed. Let's also point out that the term "confiscation" used with regard to the 1933 act is not really quite accurate in connotation. Those who did turn in gold were paid for it at the, then-current, going rate. This is not often explained by the marketeers who use what happened in 1933 as a scare tactic to, as you so eloquently put it, "hawk overpriced, pre-33 US coins". What got really hinky was that the next year the fixed exchange rate of dollars to gold (for int'l transactions) was raised from just over $20 up to $35, thereby devaluing the US dollar (including those funds that had so recently been paid out for the gold).

Ragnarok | 04-04-2009 12:21 PM
Re: Gold Confiscation IMHO, gold confiscation these days would more likely be accomplished by declaring it a strategic commodity and/or regulating it under bogus "national security concerns" if/when any SHTF.:36_1_28::signs14: R.

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