Guest Post by Jeff Thomas
If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.
You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.
But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?
In my conversations with friends and associates, I have often raised this question. The typical responses:
“They’d never do that.”
“I’ll deal with that if and when it happens.”
“I just wouldn’t give it to them.”
I consider these “wishful thinking” responses.
It’s an interesting thought that the greatest threat to gold and silver investment might not be the possibility of losing on the speculation, but the government taking it away from you. It’s a thought that I’ve found few want to even think about, let alone discuss.
If you fall into this camp, you’re in good company. Some of the forecasters whom I respect most highly also treat it either as unlikely or at best, “something we may need to look at in the future.” To date, in conversing with top advisors worldwide, the two primary reasons they believe gold will not be confiscated are:
- “Confiscation would mean the government acknowledges the reality of the value of gold.”
Yes, this is quite so. They would be changing their official view… which, of course, they do all the time. But I submit that all that they need to do is put the proper spin on it.
- “They would meet greater resistance than they did back in ’33.”
I expect that this is also true, but that a plan will be put in place to deal with that resistance.
We’ll address both of these assertions in more detail shortly, but first, a bit of history.
In 1933, Franklin Roosevelt came into office and immediately created the Emergency Banking Act, which demanded that all those who held gold (other than personal jewelry) turn it in to approved banks. Holders were given less than a month to do this. The government then paid them $20.67 per ounce – the going rate at the time. Following confiscation, the government declared that the new value of gold was $35.00. In essence, they arbitrarily increased the value of their newly purchased asset by 69%. (This alone is reason enough to confiscate.)
Today, the US government is in much worse shape than it was in 1933, and it has much more to lose. The US dollar is the default currency of the world, but it’s on the ropes, which means the US economic power over the rest of the world is on the ropes.
I think that readers will agree that they will do anything to keep from losing this all-important power.
The US government has essentially run out of options. At some point, the fiat currencies of the First World will collapse, and some other form of payment will be necessary. Yes, the IMF is hoping to create a new default currency, but that, too, is to be a fiat currency. If any country were to produce a gold-backed currency in sufficient supply, that currency would likely become the desired currency worldwide. Fractional backing would be expected.
As most readers will know, the Chinese, Indians, Russians, and others see the opportunity and are building up their gold reserves quickly and substantially. If these countries were to agree to introduce a new gold-backed currency, there can be little doubt that they would succeed in changing the balance of world trade.
That said, the US government is watching these countries just as we are, and they are aware of the threat of gold to them.
The US government ostensibly has approximately 8,200 tonnes of gold in Fort Knox, although this may well be partially or completely missing. Additionally, it ostensibly holds a further 5,000 tonnes of gold in the cellar of the New York Federal Reserve building. Again, there is no certainty that it is there. In general, the authorities don’t seem to like independent audits.
In fact, there are rumors that the above vaults are nearly or completely empty and that the above quoted figures exist only on paper rather than in physical form. While there is no way to know this for sure, it’s not out of the question.
Either way, if the US and the EU could come up with a large volume of gold quickly, they could issue a gold-backed currency themselves. It’s a simple equation: The more gold they have = the more backed notes they can produce = the more power they continue to hold. By seizing upon the private supply of their citizens, they would increase their holdings substantially in short order.
Either that or they could just give up their dominance of world trade and power… What would you guess their choice would be?
It is entirely possible that the US government (and very likely the EU) has already made a decision to confiscate. They may have carefully laid out the plan and have set implementation to coincide with a specific gold price.
So how would this unfold? Let’s imagine a fairly extreme scenario and ask ourselves if it could be pulled off effectively:
- The evening news programs announce that the economic recovery is being hampered by wealthy private investors who, by hoarding gold, are skewing the value of the dollar and threatening the middle and poorer classes. The little man is being made to suffer while the rich get richer. A press campaign to equate gold ownership with greed ensues.
- The government announces the Second Emergency Banking Act, advising the public that “the first EBA was instituted by FDR to solve this same problem during the Great Depression. This act was instrumental in helping the little man ‘recover.’” (As the average man on the street doesn’t know his history nor how wrong this statement is, he’ll believe it. Besides, the announcement has a “feel-good” message, and that’s all that matters.)
- Possessors of gold, who make up a small minority of the population, would become pariahs. It won’t matter that the guy who owns two gold Maple Leafs is not exactly a greedy, rich man. No one will wish to be seen as resisting confiscation. Neither will they wish to go to prison for resisting, no matter how remote the possibility.
- The US pays for the gold in US dollars, which are rapidly headed south. Yes, the Fed will need to print more fiat dollars in order to pay them off, but this suits their purpose, as it inflates the dollar even more. Those who have turned in their gold will do whatever they can to unload the US dollars as quickly as possible and will need to find another investment at a time when there are very few trustworthy investments other than gold. The stock market would likely rise, showing the public how the gold confiscation program is “working.”
- One last scary possibility: The government demands that gold is turned in immediately and that settlement will occur following confiscation. After confiscation, it announces that, as there has been such a large number of cases of rich people ripping off the little man, processing them all could take months, possibly even a year or more. A further announcement states that some investors have made an unreasonable profit on the backs of the poor and that they should not be granted this profit. This profit must be returned to the people. (You can almost hear the cheers of the people.) Then it sets about making assessments. The bureaucrats find that most investors do not have formal, acceptable receipts for every coin in their possession. So if you paid $1,200 for a Krugerrand a couple of years ago, you get paid $1,200. If you bought it at $250 in 1999, you get paid $250. But if you have no receipt in an acceptable form, you get a “fair,” median payment, say, $500, regardless of when you bought it.
- Appeals: Each investor will be allowed up to one year to appeal the decision of the Treasury as to what is owed him. Of course, the investor knows that the dollar is sinking rapidly and that he would be wise to shut up and take what he is being offered.
Again, this hypothetical scenario is an extreme one. The reader is left to consider just how likely or unlikely this scenario is and what that would mean to his wealth.
But bear this in mind: If the above scenario were to take place soon, the average citizen would have mixed feelings. They would be glad that the “evil rich” had been taken down a peg, but they would worry about the idea of the government taking things by force, because they might be next. It would therefore be in the government’s interests to implement confiscation only after the coming panic sets in – after the next crash in the market, after it becomes plain to the average citizen that this really is a depression and he really is in big trouble. Then he will be only too glad to see the “greedy rich” go down, and he won’t care about the details.
As terrible as the thought is, it seems unlikely to me that the government will not confiscate gold, as they have little to lose and so much to gain.
Those who own gold would prefer to think that this cannot happen, but they have quite a lot riding on that hope and precious little evidence to support it.
It is entirely possible that this scenario will not take place, just as it is possible that confiscation will not take place. The purpose of this article is to spark some serious discussion – both for and against the possibility.
Investors are, by their very nature, planners. It may take a community of investors to develop a legal plan to deal with the above eventuality. Time to get started.
The government can’t easily confiscate what’s outside its own borders, which is why it’s working night and day to make it as difficult as possible for you to protect your assets abroad. This sad reality means that you need to take action before it’s too late. Your first step? Learn how to start internationally diversifying your wealth – and your life. From investing in international markets and opening offshore bank accounts to setting up an offshore LLC or annuity.
Editor’s Note: Unfortunately, there’s little any individual can practically do to change the trajectory of broke governments in need of more cash. There are still steps you can take to ensure you survive the turmoil with your money intact.
That’s precisely why bestselling author Doug Casey and his colleagues just released an urgent new PDF report that explains what could come next and what you can do about it. Click here to download it now.
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They’ll have to ban Gold because they haven’t proven to California that it doesn’t cause cancer.
Drill a hole in each coin and make Mama a beautiful new necklace. Or two or three etc. Primitive home made jewelry. It will be all the rage.
Well,tis a idea,that said,could if the feds go FDR drill a hole in those trying to steal your gold.
HR,you asked awhile backabout my vans specs and I stated was a 10 bolt corporate rear semi-float,sigh…..,was drinking(a surprise I know!).The rear is a 14 bolt corporate and the front tis the 10 bolt.
Here is a pic of Warchild at a friends place:
Among other items needed is a horn,thus van does not at mopment go”Honk!Honk!”
Nice! I had several old white cargo vans back in the day. As a yout’ I lusted for one of those 4×4 conversions. I always felt there is no vehicle more useful than a van, especially a 4×4.
They finally made a GMC with AWD IN 2003. Still have it with several hundred thousand miles on it. A little rough body wise, but with Hankook snow tires on her there is no snowstorm she cannot defeat. Not many original parts left overall but the 327/5.3L engine still runs like new with only a water pump replaced.
All that bad boy needs are gun ports.
Reposting this here. Bank runs, ICe Nine. Gold above 1900, break out of wedge pattern. Shit can real fast.
I was just listening to Lynette Zang, as I do quite a bit. She is really good.
Her mantra:
Food. Water. Energy. Security. Barterability. Wealth Preservation. Community. Shelter.
I don’t think this list is new to anyone here. But it is simple, easy to remember and complete.
Now, just to Au and Ag. I have a very simple rubric for what to buy and in what ratios. I didn’t do it this way, but it is what I have recommended to friends and family. It is all based on lots of podcasts, many containing anecdotes from real-life hyperinflations and tyrannies. Plus, current and historical gold/silver ratios and the balance between barterability and wealth preservation.
SO, think in $10,000 chunks. Not that you have to spend that to start. The first $3k should be silver and the next $7k gold.
What to buy? I really think with silver you cannot go wrong with junk…including plenty of dimes. As far as bullion, I think the best type is generic 1 oz rounds…lowest premium possible. Avoid Eagles…premiums are not worth it. But maples, krugeerands and phils are often just as cheap as rounds. In any case, I think with silver, just think weight and divisibility. Probably best to avoid heavier bars–5, 10, 100 oz, kg. The premiums saving are negligible. Also, avoid silver collectables unless you really
know what you’re doing. I do not.
Gold bullion, on the other hand should mostly be in recognizable sovereign coins. Eagles, Buffaloes Kruggerands, Philharmonics, Maples. Also, consider fractional coins–quarters and halfs. Doug Casey had an excellent point on these. To an X-Ray machine, these look like regular coins. You could carry a lot of money anywhere with it looking like pocket change.
Now, after about 40-50k following this method, its probably time to start looking at gold collectables. (maybe I’ll get there one day. i doubt it tho). Lynette Zang is correct. This is how the super-rich buy gold. They make/influence laws, so confiscations of this type of coins is a much lower probability.
One last idea (from Starpath Academy — if you haven’t checked out this channel, you should) would be to buy gold jewelry. This could fit in anywhere. A place like mene.com (I’m sure there are others) sells 24 karat gold jewelry in all forms specifically for investment purposes. Premiums are obviously much higher than bullion, but on both the confiscation and travel ideas some Au in this form could be a great idea.
I’m sure you are all aware of the generational debt bomb we have built. Now, there seem to be bank runs in Canada. These could spread like wildfire. You may not be aware that some key technicals on both gold and silver charts broke this week (I don’t read charts, but I listen to people who do).
Point is, this fucker can break quickly. Get some (more) gold and silver quickly. Like tomorrow. Bill Holter’s advice is convert everything into them that you don’t want to lose. (In my case, everything my wife will let me convert. 🙂 )
Public Service announcement over.
Druid,just picked up another 500 ounces silver yesterday,have me preps pretty well covered and too much cash at moment(a good problem to have).
I have a lot of gold ounces but about ten of the pricey gram bars,makes em easier to use as a currency if we get to a point of sanity after crash were currency is then useful.
As you and many have mentioned,have basics covered before buying currency insurance which is what metals really are.
I can envision a world in which even a single gram of gold is too much to spend on day-to-day transactions. Same with a single ounce of silver. Hell, this world exist right now in Venezuela, Lebanon, Zimbabwe.
Junk sees you through the day-to-day. Ounces maybe for larger purchases like sides of beef, chickens, loads of crops, etc. Gold is reserved for either large purchases (real estate, businesses, farm equipment, etc.) or just to hold through to the next stable system.
Listen to this roundtable. A lot of ways to look at this and they all show much higher silver and gold prices are on the way. Could be astronomical.
Thanks for posting this vid, ‘rudder. Bookmarked, indeed.
Goobermitt is so broke they will confiscate your recently minted, pot metal, pocket change and those silver fillings you were going to replace.
Not being a prick here James, but stop calling gold “currency”. It’s not. It is “money”. There is a difference. Make it known when you talk with the “unknowing”. Currncy is fiat. You can’t create gold out of thin air.
I would suggest you also make an investment in Pb. A box of 50 pieces of 40 grain Pb atop brass tubes would surely be something with good barterability.
I can also imagine a world in which a box 50 22lr’s could feed your family for a week. Currently $4.67 at Wally World.
Have not seen any common calibers of ammo at Wally World in a very long time. After Sandyhook, I bought 3 boxes of .22LR for $25 and it was the only ammo I had seen in weeks.
It’s getting more or less back to normal here. Not stacks and stacks of shit like 2016-17, but nothing like summer 2020.
I’ve even gotten .308 Win at Wally World for like $23/box. Great price. Also, got 1000 rds of 9mm at Cabela’s for about $350.
Sportsman’s Warehouse by my house has tons of .223, a bit overpriced, but not too bad.
Does that mean $46.70 for a brick? I got my 5000 rds of.22lr for $12 – 17 per brick b4 the prices soared.
No single boxes of 50. Not the best deal, but a nice tradeable amount.
A little history lesson here. Gold chain was a convenient way of carrying gold money. each link represented a set amt and was easily removed to pay with. And as history has shown, Gold is the money of kings, Silver the money lof gentleman, and debt the money of slaves.
As to the confiscation, Bury it on your own property. Do it right and no one will ever find it. And if you’re dead, at least no one will get it.
A couple of things to think about regarding the concept of the Federal Government confiscating gold from private citizens:
(1) Most Americans, today, don’t own gold in any meaningful amounts except for gold jewelry.
(2) Gold hasn’t been monetized since 1933 and, therefore, the same circumstances of being mandated to turn in gold coins in exchange for deflating federal reserve notes is not applicable today.
I am a fan of owning gold coins as an insurance hedge against inflation. However, I don’t believe the federal government will confiscate, but there is a case to be made for the FEDs banning the purchase, the use and the selling of gold coins. The TPTB will want to hinder any black market or alternative economy such as barter that could be supported through the use of silver and gold. Another consideration is what the government is already doing… which is making it more and more difficult to move your wealth outside the United States. TPTB have a lot of tools to make us even more economically slaves to their monetary whims.
Black markets existed under Stalin, Mao and Pol Pot. Uncle Sam, dealing with the fallout of a collapsed currency while millions go without their “benefits” will have little time or ability to run around taking PM’s from people.
They can issue orders to phantom armies from their bunkers.
There is a much higher likelihood of them confiscating all retirement accounts and replacing them with annuities.
Bingo! They’ll seize IRA’s & 401k’s long before they start running around looking for gold and silver. The legal framework to seize those funds already exists.
Yes, that is a real possibility. They can manage your funds better than you, after all.
Not going to happen, simply because unlike 1933, there is not enough gold in the hands of the people to make any difference.
You have evidence of this???
I believe you are correct. The ones that hold the coin are likely to be the ones they are afraid to mess with.
To confiscate gold and silver, they have to know you have it, and they have to find it. It is easily bought privately, e.g. for cash, unknown buyer or claimed industrial use. It is also very easy to hide/disguise precious metals.
Roosevelt’s Gold? (Written 2007)
“Well, suppose they confiscate my gold just like Roosevelt did 75 years ago?” If I have heard that once, I must have heard it a hundred times. Did Roosevelt confiscate everyone’s gold back in 1933? If he did, how come there’s still a lot of it for sale in a thousand coin shops and numismatic dealers?
Let’s start at the beginning and see what really did happen. The first thing we must remember, is that America was in the midst of a severe depression, caused by loose money issued by the Federal Reserve, which they still are doing. There was such an enormous amount of “liquidity” floating around, as today, that everyone was buying stocks on margin of over 90% at times, which is not happening today. The stock market was on everyone’s lips and minds. Bootblacks and janitors were buying stocks. Stocks would supposedly go up forever, and there was no risk. Ha Ha. The market crumbled and crashed, leaving everyone out on the well known limb, owing for stocks which often times weren’t worth not much more than the paper on which they were printed. The result was that in fairly quick order, over 25% of the American work force was on the street selling apples, on the dole, or in bad shape in one way or another. Times were tough, to make it sound kind!
Roosevelt wanted to pull America out of the depression. He thought up all sorts of make-work schemes, and anything to put people to work. But he didn’t have any money. Remember, unlike now, the dollar was BACKED BY GOLD. He therefore needed all the gold he could get, so he could print more dollars to spend in placing more people in those make-work jobs. Everyone knew that gold and dollars were synonymous. Americans were carrying gold coins in their pockets just like they were money, which they were. Small, dime size gold coins were a dollar, and there were $5, $10 (Eagles) and $20 (double Eagles) coins in general circulation everywhere. Gold was money, dollars were money, and the two were the same. How could FDR get gold, so he could print more dollars to spend, to get us out of the depression?
He also had the farmers on his neck. They wanted higher prices for their crops, and there wasn’t any money around to give to them. On March 9th, 1933, FDR declared a “Bank Holiday,” with all the banks closed. Bank “runs” had posed another problem for the “New Deal,” as Roosevelt called his massive move towards abject socialism. People were closing their savings accounts and bouncing checks by the millions, just to survive in some cases. Today, we have millions of credit cards maxed out for the same reason. There was no FDIC then, so no savings account was insured. (Today, the FDIC has less than a nickel in its accounts for every $100 worth of insurance). Banks had made huge margin loans on now worthless stocks, and they had no money to pay for savings account closures. FDR allowed they could close for a ‘holiday,” so they could get their troops in order. Many didn’t, and never re-opened again. My Parents lost money in a bank which never re-opened.
Banks were in deep trouble. People were demanding their money, and the banks didn’t have any. There was no FDIC, and dollars were backed by gold. The treasury had to have gold to print more dollars to make everyone happy, banks whole, and to fund make-work projects. What to do? Get some gold! How? The mines were producing all they could, but more was needed. More dollars were needed for stuff that didn’t help get us out of the depression at all. Nothing Roosevelt did, got us out of the depression, or even help a bit. As a final effort, he outraged the Japanese enough that they bombed Pearl Harbor, and we were at war. The depression was over.
Roosevelt had the brilliant idea that he would order everyone to turn in their gold in exchange for paper dollars, which were backed by gold. On April 5, 1933, Roosevelt issued Executive Order # 6012, which ordered Americans to surrender their gold to the government by May 1st, 1933. Violations were to be subjected to a $1,000 fine and as much as ten years in prison. First of all, an Executive Order is not in the Constitution, and an Executive Order could never levy a $1,000 fine or ten years in the slammer! But Americans were broke, miserable, and that $20 gold piece they had squirreled away would buy a lot of food, with bread at less than a dime a loaf. Those who couldn’t afford to hold their gold, turned theirs in and received brand new paper dollars for their gold.
The gold allowed more dollars to be printed, which were foolishly used for nutty things, and none were of help in fighting the depression. A couple of days later, on May 7th, FDR had one of his “Fireside Chats” over radio, to soothe the American outrage. He said that if Americans continued to ‘hoard’ gold, there wouldn’t be any left, and therefore in the interest of fairness, government should own all of it, and use it wisely. Ever hear of such claptrap? Gold markets have existed for thousands of years, and gold has endlessly changed hands around the world! Smugglers and black markets in gold have flourished in times of war, peace, or dictatorships. FDR also persuaded Congress to wipe out the gold clause in existing contracts, which specified payments to be made in gold. In a Joint Resolution of June 5, 1933, all gold payments in existing contracts were made null and void. Even Congress, stupidly went along.
On January 31, 1934, Roosevelt signed into law the “Gold Reserve Act,” which set the gold price at $35 per ounce, as opposed to the former $20.67 In other words, he had stolen hundreds of millions of dollars from Americans by raising the price of gold by about 70%! What in reality he had done, was to lower the value of the dollar by 70%, in relation to gold. It is estimated that Roosevelt hauled in $7 billion worth of gold from submissive Americans, and still the depression kept right on going.. My Dad was a corner druggist in Washington D.C. for 36 years, and I grew up in that drug store. I’ll always remember those days as being educational, and lots of fun. I can still hear my Dad calling Eleanor Roosevelt “Old Horseface,” and bellowing about Roosevelt, calling him every name in the book. He hated the Roosevelts, as did all businessmen, and anyone with a farthing of sense.
Did Roosevelt’s Executive Order # 6012 “seize” everyone’s gold? No! How could anyone know who had it? Gold coins have no serial numbers, and practically everyone had them. Could government seize socket wrench sets if it passed a law saying that everyone had to turn theirs in? Could government ever know how many people had bought socket wrenches from hardware stores, auto supply stores, Sears Roebuck, Montgomery Ward, et al? Socket wrenches have no serial numbers, and they certainly don’t have to be ‘registered’ when you buy a set. Both have uses, and both may be about the same size I suppose. Those who didn’t need the dollars, undoubtedly said to themselves, “Me? Give you my gold? “Hell no!” Those who were living at the edge of starvation, having lost their jobs, having lost their savings in closed banks, and seen their stocks go to virtual zero, naturally gave their gold to the government in exchange for bread money. No one was ever fined, and no one ever went to jail for an Executive Order which could never have been enforced. There are actual laws against prostitution and drugs, but they flourish on a daily basis. Hookers and drugs have no serial numbers either, and aren’t registered like car titles, real estate deeds or stocks.
How could government “seize” your gold, when no one knows you have it? Registered guns have possibilities for seizure, because of their registration, but when they come to get yours, as I am certain they will, you “had it stolen,” “sold it at a yard sale,” or “gave it away,” hopefully. No gold coin is “registered,” and no gold coin has serial numbers other than the Credit Suisse 1 oz gold bars. A decade ago, in Silverton, Colorado, a miner was accused of stealing gold from a mine, after lots of it was found under his bed. It went to court, and Henry Kolego’s lawyer asked the prosecution if the supposed stolen gold looked different if it came from one mine or another? “No.’ Does the supposedly stolen gold have serial numbers for identification? “NO.” Henry K. went free. Did he steal it? Probably, but it was totally un-provable.
Can anyone from the government, seize your gold like Roosevelt did? How could they? Gold is not radio-active, so a Geiger Counter wouldn’t work. “Well, they’ll check your supplier or seize your records.” If you had gold at one time, how could anyone prove you still had it if you had given it away, sold it, or had it stolen? Like registered guns, if you please. The thought of government going through a million court cases, violating the Fourth Amendment, trying to “seize” your hoard of Krugerrands, borders on the insane and, at least is laughable. As a refresher, the Fourth Amendment says in part, “The right of the people to be secure in their persons, houses, papers and effects, against unreasonable searches and seizures shall not be violated.” Is it illegal for you to purchase gold or silver? No. Is it illegal for you to own them? No. Ever hear of the legal term “ex post facto law?” Just forget the “seizure” nonsense, and protect yourself.
https://www.coloradogold.com/2019/08/26/roosevelts-gold-2/
If you buy it from a dealer using cash, there is absolutely nothing to tie you to the purchase.
It wasn’t a one thousand dollar fine.
It was TEN THOUSAND. See bottom paragraph. And remember, that was in 1933 money!!! Adjusted for inflation, that is 216,000 in 2022 US Dollars:
if you ever have to cross a border or ‘checkpoint’ and your vehicle gets searched, any gold found will certainly be taken.
“What gold? You have the wrong house..”
Oh? Sorry. We’ll be on our way now.
BYE!!!
(Wow. That was easy.)
My Story and I’m stickin’ to it!
Well, you see Agent… I was hauling all my stuff you seem to think I had… in this little boat across a huge lake. What lake you ask? Oh, my mind just ain’t what it used to be… Any whoo… a rogue wave suddenly appeared and capsized the boat. Luckily, you know, I’m still a good swimmer, but gosh, if don’t you know it, all my fishing tackle and a box… I vaguely remember a box… sunk to the very bottom. Such a shame I’ll tell you…. what was the question again? Oh, oh… well, you see Agent… I was hauling all my stuff… what was your name again? Oh, my mind just ain’t what it used to be…
Oh, you want to search…. I think you need one of them there warrant thingys… so…. what was your name again? You all have a nice day!
*Psst*
If you bury ANYTHING in in the back 40, it stays buried in the back 40.
Some things you gotta bury a little deeper…
i had my gold, over 300 ounces, the result of over 20 years worth of frugal saving, robbed from me by goons with uniforms and guns under some bravo sierra european version of ‘asset forfeiture’, just hey lets just take this because we can, sue us if you like youre not getting anything back. lawyers have cost a lot but delivered no results either, nor is there any real prospect of getting anything back. just a big fuck you for daring to own this and have it in your possession.
this was while i was making the final move from the city to my (not at all ideal but it’s what we could manage given that moving back to the states is not on the menu due to the wife) rural long term shtf location because we’re heading into the long term shtf and it was past due to close down the city life. and right there on the road to escaping it… i had all my hard savings taken.
they dont need to do a 1933 style confiscation anymore. they merely confiscate silently and invisibly whenever they happen to chance upon any gold, and you can be sure that most of it disappeared into the pockets of the crew on site, with the rest shared up the chain of command so nobody objects. the normies wont ever dream of trying to take any wealth out of the digibit video game system they live in, therefore anybody with any physical gold or silver must be by that mere fact of possession, a suspicious dissenter or rebel.
A lot of comments poking holes in every imaginable strategy. There are no guarantees.
If you are looking for a guarantee I, like Tommy Boy, would be happy to take a dump in a box and mark it guaranteed.
Gold may be confiscated. You may be robbed, by criminals or State agents. You may also have a stroke, heart attack, or have something heavy fall on you.
Not owning gold, because it may at some point in the future be confiscated is idiocy.