Gold/Silver Confiscation
 

If this question has been asked before, I apologize since I am new here. I was wondering how many of you believe that in the event of a financial collapse, the government would resort to confiscating gold? Alot has changed since the Great Depression (ie. gun manufacture and ownership) so is it even practical for such an event to occur?

Re: Gold/Silver Confiscation
 

That's why we have the "search" function. It worked for me.

http://goldismoney.info/forums/searc...earchid=580387

Re: Gold/Silver Confiscation
 

I believe that they might try, but that any such action would occur amidst a real shortage of fuel and available manpower, and hence be more expensive than it's worth. At least in the short term, you'll have plenty of warning, as the organization to pull it of just won't be there.

Long-term fascist state is another thing entirely.

Re: Gold/Silver Confiscation
 

I agree. As long as you have physical PM in your possession at home, you'll know when the SHTF. It's not like waking up one morning to find out that you are frozen out of your safe deposit box pending a bank "inventory" of its contents.

Re: Gold/Silver Confiscation
 

Thanks, i'll use this function first next time.

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I agree, "safe" deposit boxes will be the first things they hit - you'll have plenty of warning.

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I belong to the school that says the U.S. Government will again make private ownership of gold illegal, with the exception of well-defined numismatic coins that TPTB and friends & family of TPTB want to be able to keep.

I don't know about silver, (heck, I don't even know about gold!) but (1) if it is true that there is less silver than the world now believes and (2) the price of silver gets above maybe $50.USD, then there is a VERY good chance that silver that is .500 fine or better, also will be required to be turned in.

I also believe that no turn-in laws will be passed until the dollar is about to bottom-up, and that turn-in will be followed by a significant increase in price so TPTB and company can make a killing on the metal.

Re: Gold/Silver Confiscation
 

Information a little mixed up. Dont think the Alberta Provincial Police have been active for a while.
http://www.glenbow.org/exhibitions/o...ibpics/app.jpg

The RCMP has always acted as Alberta’s provincial police service, except for a 15-year period after the First World War. http://www.solgen.gov.ab.ca/policing...lt.aspx?id=917

A Canadian could hope that any metal confiscation would come after Amerikia's (e.g. like Canadian Prohibition did ) so there was time to remove your metals from any bank. However the 'new world order' and traditional Canadian Political lackeyism regarding US wishes could mean a more timely coordinated approach across the countries.

Re: Gold/Silver Confiscation
 

FRN's will be confiscated, not PM's.

Re: Gold/Silver Confiscation
 

So what benefit is it to own gold or silver if it is confiscated and outlawed? When would be the best time to cash it in for essential supplies like food, etc?

Let's say for example we entered a 2nd depression. This time it would make the first one seem like a picnic. When would be the best time to trade up your PM's? Wait a couple of years? Or trade up right before the spiral into chaos?

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It would not be of any benefit to own gold or silver at all then. That is why I sold off all of mine today while the price is up. I think I'll buy some T-bills with the money.:wink:

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Trust me, when The Shit Hits The Fan, it will be time to once again use something along the lines of what Ive posted below.



See Also:


^^^^^^ NOT IN THE CONSTITUTION TO PROTECT HUNTERS!!!^^^^^^

Re: Gold/Silver Confiscation
 

If a nation puts such draconian measures in place I have a feeling much of the rest of the world that loves gold and silver will leave them in the dust. Gold and silver will flow to where they are free to be what they were meant to be.

Ragnarok

Re: Gold/Silver Confiscation
 

They don't need to confiscate your stash, all they need to do is impose a 50% tax on it when you cash out and your stuff will loose half its value. Granted all I have is one bitty antique coin from my grandpa, so I am holding on to that no matter what.

Re: Gold/Silver Confiscation
 

...your KIDDING right?????:confused:

Re: Gold/Silver Confiscation
 

Well, we are talking about confiscation here after all.........:wink:

Re: Gold/Silver Confiscation
 

But goddess, if the S.H.T.F. what would you cash in your stash for? Worthless greenbacks? The "cash in" would be when you "traded" your silver coin for something or some service that you wanted or needed. Silver and gold is real money.

Re: Gold/Silver Confiscation
 

Yes I agree. Unfourtunately my lonely one ounce coin won't do me much good unless the prices go to 25,000 an oz any ways. :yippee:

Re: Gold/Silver Confiscation
 

It's a start. You have much more than most people do.:thumbs up

Re: Gold/Silver Confiscation
 

Think BIG PICTURE kids... I feel strongly that if the government, the same folks who have repeatedly denounced PM as not a type of money (fiat, remember? Get everyone to believe the bullshit and fairytales about fiat so that everyone buys into the fiat scam by de-monetizing PMs...)
So if our gov't called gold and/or silver in (volontary or not) then that would scream at the rooftops to every man woman and child, and every other government with a money system pegged to the US$, that our dollar is basically valueless... and they should immediately DUMP any US$ they have. So 3 hours after a gold/silver call in, our fiat will be worth... nothing... to anyone, anywhere. Great time to have all your money in, say, Nevis in a Franc account instead of a dollar account.
I could see the 50% tax scheme as something that would come to pass. But PMs are not money, so thus are not monetary instruments, so as long as the face value of your gold eagles do not exceed $10,000, then you can walk through our borders with your pickets laden with say, 199 of them (with gold at $500/Toz) and still not be in any violation of the law. Even better would be bullion bars with NO $ value stamped on them. In theory, its not money. Ask the government, they will tell you gold is not real money. Only FRNs are real money.

Re: Gold/Silver Confiscation
 

"But PMs are not money, so thus are not monetary instruments, so as long as the face value of your gold eagles do not exceed $10,000, then you can walk through our borders with your pickets laden with say, 199 of them (with gold at $500/Toz) and still not be in any violation of the law."


I'm willing to bet that in the event of collapse/turn-in/illegal to own/confiscate...etc... many relevant laws of today will be changed. I for one am not going to count on any law that doesn't directly serve the interests of government or the Fed, remaining on the books.

"The stroke of a pen" and it's gone kind of thing ya' know?

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Re: Gold/Silver Confiscation
 

I agree, "safe" deposit boxes will be the first things they hit - you'll have plenty of warning.
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Naw - try gold and silver ETFs!!!
Then safe deposit boxes!!!

And the Great Ag is right! They will do everything they can NOT to give any warnings!
In my opinion - anyone who exchanges useless paper (cash) for more (useless) paper that says somewhere someone has their physical silver, hasn't figured its easier for them to just keep what they are sitting on and telling the investors their paper is useless than going into safe deposit boxes - and a lot more silver faster too!

For me physical possession ONLY!!!!

But thats just MY opinion and I am sure others would disagree!

Ho

Re: Gold/Silver Confiscation
 

Re confiscation:
In christian religion, is confiscation of others property a sin? So how come the us government which is supposedly formed with christian tenets allow gold confiscation even when times are difficult. Is it possible that the governments can do what they like with utter disregard to the constitution? Can they seize private property too??. i mean can they seize farm land?

Similar disregard to the constitutional laws of this country can be seen with immigration issues.

Re: Gold/Silver Confiscation
 

Technically they will be buying it from you forcefully, at least thats what they did last time. That why I think people with PM's will be much better off than those without even if they do get them "confiscated". If the dollar has already started plunging they have protected you to that point, and once the thugs pay you for your PM's you can quickly put that money into hard assests that wont lose value. Of course there isn't any "efficient" and liquid hard assests like PM's, but you could always go on a survival gear shopping spree or buy property etc. Of course it would suck to have to do this, but still better than having your savings stolen and being left sitting on a cold sidewalk somewhere.

Re: Gold/Silver Confiscation
 

Gee, if everything was confiscated why did all the pre-1933 slabs turn up with gold coins in them?

Or, as quoted in the better knowledgeable numismatics books - the plain fact is only the ones who did not see the coming government rip-off coming turned in their gold coins unless they were dumb enough to trust the banks and their eazy open and rob safe deposit boxes.

Six month after the government theft via confiscation they raised the price of gold 69% and guaranteed it to FOREIGN GOVERNMENTS. 90% of the Americans grabbed that windfall for it was the height of the worst depression in the world. 90% were the smart Americans, one might say. One might.

Try to keep out of the other 10%. You might.

MORE LIKELY: Coming soon will be like the more Southern American Countries. Have you heard about NATIONALIZATION lately? If not look it up in your FUNK & WAGNALS or Google it.

OIL, GAS, and Pecious Metals - JUST might be on a short list. Think Peru lately. Gee, doesn't the US Treasury list all but the long gone gold (16 tons sold off to England) in their TRUST by the people of the nation in their custody and control "DEEP STORAGE GOLD?" Well, it is deep in the BOWELS of the American nation waiting the be NATIONALIZED by well-meaning members of 535 congress who are not in fact in jail or under inditment for other felonies lately, right?

Note that the stocks JUST really get messed up when this action takes place. Study Peru lately - in oil - try Oxidental to begin with - like Enron or Refco.

Re: Gold/Silver Confiscation
 

There is also a type of law called KING'S RIGHTS - or the one where the rulers are NOT trapped by COMMON LAWS - they are ABOVE THE LAW.

Kinda like the recent decisions coming out from the US Supreme Court on EMINENT DOMAIN. If the nation, state, city can make more money they can TAKE what they want (pay the jerk that owned it a pittance) and BUILD the mother of all shopping centers, for example.

"A nation that stands for nothing PROBABLY won't end up standing at all."

That's the road we are driving down at 120 MPH since WWII - the last war we won, I believe.

Re: Gold/Silver Confiscation
 

Her 50% tax answer made me think.

That's how black markets ARE STARTED.

Remember the BOSTON TEA PARTY?

Search history - taxes REALLY make people MAD!

Re: Gold/Silver Confiscation
 

Gee, if everything was confiscated why did all the pre-1933 slabs turn up with gold coins in them?

Here is the answer I was given - when they confiscated, they took the coins out of peoples' safe deposit boxes (which is why so many people refuse to keep their metals there now) and, for the rest, while it was illegal to keep gold, many hid what they had. Some were turned in by those who knew what they were hiding ("turn in your friend with gold, get a dishwasher!" *l* That parts a joke - but there was reward!)

But then - those pre-1933 coins are, generally, worthmore cause they are older and rarer.

Thats what I was told.........who knows?

Ho

Re: Gold/Silver Confiscation
 

People were allowed to keep coins that had numismatic EXTRA value to them from the executive order which President FDR signed. Now-a-days a slabbed coin is a testament toward numismatic value.

To me right now a MS63 $20 saint is like a $1000 bill; while a MS65 $20 Saint is like a $2000 dollar bill. Kinda like a PRIVATE INTRINSIC WORTH currency for the rich; perhaps? Probably sell at $3,000 & $6,000 respectively.

Right now, unless gold falls to below $600; which I really doubt - but, frankly don't know for sure, I'll keep picking-up graded coins at a discount. P.S. I used to buy the raw unslabbed ones but got BURNT three times on sending them to PSGS - and got them back as "BODY BAGS."

All three were TOE TAGGED "altered surfaces!" Seems many play with raw gold - experts say over 90% of raw gold is tampered with. Only worth their gold value.

SO educate yourself before diving in.

Act like it's 1970s and the water is full of JAWS!

It is for the happy camper at the coin beach expecting to shear the sheep when in fact the sharks are aiting for you to be fish food.

Re: Gold/Silver Confiscation
 

History Student -

Excellent points! Which is why I buy (in gold) about 50% bullion and 50% pre-1933 coins (I buy more than that split in silver eagles tho).......but unless one is an expert in grading - and I am far from it - I suggest, to people who ask, that they ONLY buy coins that have been graded and mainly from PCGS or NGC!

Ho

Re: Gold/Silver Confiscation
 

Well, the biggest reason that confiscation is _unlikely_ to occur - is that gold is not recognized as money today - Whereas, gold was commonly used as money alongside FRN's for commerce in the thirties.

Don't forget, a lot of contracts back then specified payment in gold - gold was commonly used for money and in commerce. Not so, today.

Gold and silver are not used as money today, I think anywhere in the world (?)

Confiscation of gold or silver would be similar to confiscation of platinum or palladium - Ain't very likely to happen.

Still, you should take certain steps - such as physically holding, such as hold some outside the country, etc. - not broadcasting your stash.

Personally, once you reach a certain point of asset ownership, I believe _everybody_ should hold some of their assets in another country.

You can also buy pre 33 bullion coins, such as soveriegns, francs, marks that _might_ have some exclusion in the event of "legislative" requiring sale of certain assets. Priced only slightly over spot - much of this stuff is right at 100 years old.

While I believe confiscation to be unlikely - for a brief period in the UK, in I think the sixties - for three or four years they "required" turn in of bullion by private citizens - can't find the link. Probably didn't work, but don't really know.

However - it _can_ happen.

Re: Gold/Silver Confiscation
 

I've read the dialogue here and thought this would be a good time to bring up goldmoney.com. Wouldn' t you be more protected there?

Re: Gold/Silver Confiscation
 

As the price of PM's rise and become more popular with investors, these state governments that are billions of dollars in debt will start taxing the sale of PM's.

Check out what the California State Government is currently doing to coin dealers.

They will also want to know who owns the stuff.
It won't be long and you will probably have to fill out a form and show some ID before you can buy PM's.

I bought some 10 oz. silver bars this morning from a local dealer and paid $130.00 each for them.
I paid cash and no government in the world knows that I own them right now.
I just think that these types of days are coming to an end.

MLS

Re: Gold/Silver Confiscation
 

Another first-time poster mentioning the benefits of goldmoney: what're the odds of that happening as often as it does?

:spam4: :spam4: :spam4: :spam4: :spam4:

Re: Gold/Silver Confiscation
 

In my mind, confiscation is the most overblown fear among the precious metals crowd. I sure hope I'm wrong, but it doesn't seem to me to be worth the government's energy to pull it all in. How many man-hours, per ounce returned, are we looking at, in order to pull this off? It's a huge money loser for the gummint, even if "money" has a whole new meaning when it occurs.

I like the idea of out-of-country assets, but keep in mind that it's quite difficult to move PMs across borders (Canada wouldn't be too hard) without paying a steep duty. I have dreams of fleeing to New Zealand w/ my stash -- such dreams are horse-****, I know -- but I can't figure out how to get my stash there.

Direct physical confiscation is unlikely. Look instead to heavy taxation of transactions which involve metals, either the buying/selling of metals, or direct payment using them. That's a more efficient means of slamming the value of metals than direct confiscation.

One thing, though: don't use safe-deposit boxes.

Re: Gold/Silver Confiscation
 

fiftysense I recognize your avatar do you hang out in the accurate reloading forum also big fan of K31's maybe?

Re: Gold/Silver Confiscation
 

I agree in concept; BUT, (big BUT), I've read many books on how much fiat governments in bed with their FED JUST hate gold and silver. The metals are too honest and they hate them.

I.E. "GOLD WARS" by F. Lips at Amazon.com

So my guess is an UNENFORCED executive order demanding turn in of PMs. To make "some" look DIRTY. Kinda like Clinton calling Paula Jones "trailer trash," the govt. would call gold STOCKPILERS "trailer trash."

With Nationalization of all US gold and sliver mining operations; just like a third world country. America if they JUST called the real estate loans would be a third world country overnight, IT WOULD.

The biggest problem is the derratives over-the-counter now around 350 TRILLION - and another Barrings Bank TYPE rogue trader crashing the system.

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I'm beginning to wonder.

I was actually thinking about doing goldmoney, but hate spammers with a passion.

If this shit keeps up, I will do bullionvault instead.

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That has already happened to me.... as a Canadain I bought some $20 Libs when bulllion was $289 and a Candain dollar @ 1.50 . I think it is at about $1.10 now. Each time bullion goes up ,my return in $ for my numasmatics are not profiting much as our $ is soon going to be par with U.S. dollar