[frankthetank]

I'm with Kpeavey... Although i think chaos will be spread far enough that it will be hard to do anything... I'd worry more about your neighbors then your government. I rarely see a cop around here and i'm in the city. Most of the military is stuck overseas for another 100 years...

[sittinguy]

I agree with frankthetank, If it gets so bad they start confiscating stuff, it will be so bad they won't have the resorces to do it.
The thing that scares me is with the internet and credit card staements it will be easy to find out who has what. Hell, I bought gold off ebay, my credit card is loaded with FD food, propane tanks, water filters, ammo, and there is more coming soon. I'm screwed. They wont even have to look, they could just show up with a list of exactly what I have a say, hand it over.

[Cashmere]

I don't own bullion/bars of PMs because there has always been the threat of confiscation. Of course, there is historic precedent for gold confiscation. In short, the last time there was severe pressure on the dollar, FDR confiscated gold and made its ownership illegal.
That move had at least 2 functions:
1. Bolster the govs asset position by converting paper promises into hard metal assets.
2. Force people to maintain their wealth in dollars, thereby propping up the value of the dollar.

The trigger for the confiscation was the Great Depression and the widely held opinion that the dollar was an unsafe store of wealth. So as I sit here and take in the nationalization of FF and AIG, the unprecedented flooding of markets with Central Bank funny money, and now, the first coup de grace, the soon to be legalized transfer of taxpayer money to banks under the pretext of "removing illiquid long term investments" to allow banks to regain liquidity, I can't help but wonder, "how long before the government, under the pretext of stabilizing the dollar, demands the exchange of bullion for dollars?"

When you consider that only a few percent of the population actually has any substantial PM bullion in their possession, getting a law passed, or using an executive order, would be trivial. So I say 2 years. Make it December 31st, 2010. That's the date I offer you. Do you go under or over on that date?

[smallpoxgirl]

$this->bbcode_second_pass_quote('Cashmere', 'T')he trigger for the confiscation was the Great Depression and the widely held opinion that the dollar was an unsafe store of wealth.

[mattduke]

If you haven't owned gold since 2000, your wealth has already been confiscated.

[mattduke]

$this->bbcode_second_pass_quote('smallpoxgirl', ' ')If you have a gold standard currency, and your money supply is inadequate, the only way to increase the money supply is to obtain (i.e. confiscate) more gold.

[smallpoxgirl]

$this->bbcode_second_pass_quote('mattduke', 'T')he fundamental theorem of money is that any quantity of money is sufficient. Prices adjust accordingly.

[mattduke]

"Hoarding" is not a problem. It's another propaganda word used by those who would like to inflate. All gold is always owned at all times by someone. All gold in existence is part of someone's hoard. All gold is always hoarded. Some people choose to save more gold. But they can only do that by producing products and selling them, while not consuming products themselves. If a few choose to own more gold than average, it is no problem. The only difficulty I see in your story was caused by taxes.

[seldom_seen]

$this->bbcode_second_pass_quote('mattduke', 'I')f you haven't owned gold since 2000, your wealth has already been confiscated.

[SILENTTODD]

I have some gold. I am ashamed to say I don't own more of it especially since I was a devoted Howard Ruff listener back in the late 70's and early 80's. And even then knew he was right in the long run when other people were openly mocking him.

Gold is one of those things that is very easy to hide. You can bury any place. It doesn’t corrode even in salt water. I personally favor American Eagles and Canadian Maple Leafs over ingots because in the future if you want to trade or use it in payment, no one will question the assay value.

If you’re really afraid of confiscation, start buying silver coins. You can get old American Silver coins by the bag full at gun shows near you. They never confiscated them even in the depression

[ReverseEngineer]

$this->bbcode_second_pass_quote('seldom_seen', '
')If there was some "executive order" for people to turn in their gold it would be laughed at. It's just not going to happen. The .gov would have to go door to door searching everyone's house...the logistics of which are unfathomable. Even then, people would just hide their gold somewhere else.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('ReverseEngineer', 'Y')ou could certainly HIDE it, but you couldn't actually USE it to buy something you could EAT. As soon as you turned up at the Black Market with a Krugerrand or an American Eagle, you would be discovered as a "hoarder". POOF, your house gets descended on by Black Vans with guys with Metal Detectors searching every square inch of your house, while you get shipped off to the Concentration Camp.

[ReverseEngineer]

$this->bbcode_second_pass_quote('EnergyUnlimited', 'O')bviously, those who are buying gold should not leave any paper trail behind.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('EnergyUnlimited', 'O')bviously, those who are buying gold should not leave any paper trail behind.

[ReverseEngineer]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')1. Buy second hand (learn how gold looks like first to prevent disappointment).
2. Travel abroad and buy there.
3. Use false ID while proceeding with transaction or buy anonymously, if such option exist in US.
You can certainly buy gold anonymously in Europe.
4. Ask relative or friend who is about to leave US permanently to buy it for you.
5. Buy now and report it stolen few weeks later.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('ReverseEngineer', '
')So, I am supposed to travel abroad NOW, buy some GOLD with American Dollars in London, load it into my suitcases and fly back to the US without this being detected?

[Cashmere]

RE - I'm pretty sure most coin shops/dealers in the U.S. don't require ID to buy. ID to sell, but not to buy.




People, listen up. Is this the ADD group or something.

UNDER/OVER.

Please give me your under or over relative to my date of confiscation of December 31, 2010.

[Byron100]

I vote over, way over. If the US government wants to commit hari-kari, sure, they can try and take everyone's gold. And why stop there...they might as well as take everyone's guns too. And just think of those millions and millions of pot-smokers they'd be able to bust too. They'd have half the country in jail by the time they got done.

But seriously, if they try and come take my gold (what little I have), it'll be them prying it from my cold, dead hands...as they'd simply not be getting it any other way.

[AgentR]

I honestly don't think they want it. There's just not enough of it out there to grease the wheels of the machine they've built.

In addition, a gold standard helps prevent inflation; I think inflation is intentional, and part of the plan.

[Cashmere]

$this->bbcode_second_pass_quote('Byron100', 'I') vote over, way over. If the US government wants to commit hari-kari, sure, they can try and take everyone's gold. And why stop there...they might as well as take everyone's guns too. And just think of those millions and millions of pot-smokers they'd be able to bust too. They'd have half the country in jail by the time they got done.

But seriously, if they try and come take my gold (what little I have), it'll be them prying it from my cold, dead hands...as they'd simply not be getting it any other way.