How many times do you need to be told..... storing your gold in your gun cases will be a double blow in these type of accidents. 😂 .sorry for your loss
But they still can track your purchases, unless you only pay in cash. But that only works with smaller amounts over longer period. What if you just started buying, and needed to catch up? Another question What about silver?
@reesej123 Russell I am expecting at some point in time towards the middle of 2021, to receive a settlement. I assume I will have to put that settlement into one bank. Then I will go from there?
EB is a younger peter Schiff lol. He’s angry, goes on intelligent tangents and knows his stuff lol. More interviews with EB. Just have him on for an hour. I’d watch every second lol.
San Diego then pay attention to kitco news. He’s been bang on with every prediction and you have miss understood his forecast. He clearly said 2500 by the end of the year. I don’t know where you are hearing him Say anything about the fall. Read his book. Everything he’s said isn’t just made up outta no where. He’s not the only person saying gov is doing shady stuff. Google EB TUCKER KITCO NEWS and rewatch his older interviews.
All US fighter pilots have 1 Oz of gold in their survival kit, because if they crash, Gold can be used to barter in every country of the world. Gold is the ultimate world reserve currency.
Darn! The government should put out a public service message to not to take your gold out on a boat-- for your safety. I wonder how many poor people lost all their gold in the last hurricane in Florida.
I disagree!!! In the 1920's everyone had gold because it was everyday money. Today, less then 1% of people own gold (money) but the gold is not legal tender. If the government wants to confiscate gold, they will go after the Comex (who has very little) and the big banks. It's too much trouble to go after "less then 1%".
Like he says in the video, they don't have t go after you, just tax it. In a crisis when govt. get really desperate for funds, they will be taxing everything left and right. Why not tax gold. It won't even cause major backlash. Only 1% own it.
Why not? If it can happen in US, where people have guns why not India? Don't even speak of the other countries you mention. They already have much greater control over people
@@paulsawczyc5019 Assisted along with federal agents ,you could not remove any coin or cash since safety deposit boxes are not insured. Same is true today.
@@paulsawczyc5019 And that is what they will do AGAIN. You go to the bank and get you "safe deposit box" and there WILL be a government agent standing right there and they WILL take it. Period. Moral of the story, DON'T KEEP IT IN THE BANK, PAY CASH AT A REPUTABLE COIN DEALER AND DON'T TELL ANYONE YOU HAVE IT.
Everybody thinks that until the Gold squad shows up at your door and searches your house without your permission...... don't think it can happen? They already have gun squads where if you get I. Trouble with the law and somebody mentions firearms or if they are registered, they show up and confiscate all of them and then it's more then difficult to get them back.... happened to someone I've known for more then s decade and it was last year this happened.
@DarkAngelusV I live in a blue state and their whole motto is to take your rights and freedoms away from you. This is not what God ever intended when he created America, if you look up the visions given to George Washington it's incredible that God had given him glimpses of the future including 3 world wars..... Satan's job is to do the opposite of God's will and are we not seeing that today in every single Blue State? In Washington at the memorial 100k+ people gathered including the Vice President to give thanks and prayer to God, only place you'll see that is on RU-vid but there was no violence! Just Americans gathered together to pray for our Country. Quite the opposite of What Democrats want! KAMALA herself called for violence now and after the elections.... 2 different messages.
The Vietnam war was a big reason why Nixon went off the gold standard in the first place. He would have had to raise the price of gold dramatically idk why he didn’t want to do that
There is no amount of gold or any other limited asset that can back a *FIAT* currency. They will just print more. I have no problem with fiat currency... I have a problem with _PAYING INTEREST_ on money that is brought into existence with a few clicks on a keyboard!
it was not "confiscation", government did not take away the private property by force. they paid for it then raised the price of gold but they like to use the confiscation term because it tends to intimidate and discourage the new buyers. notice they never talk about the confiscation of the ton of money people have made in stock markets in the last 20 years with the help of the federal reserve money printing machine. why? because many of the legislators and government officials are benefiting themselves from it such as sen. feinstein and her husband. why does the stock market sets a new record on the same day that historically high unemployment numbers are announced? government should confiscate the stock market profits first or face getting confiscated
He forgot to mention his grandfather didn't want ten years and a ten thousand dollar fine. They strong armed people into giving it up like mobster thugs..
Ya, he's filthy rich and know's how money works. Like he said, they won't confiscate it, they will tax it. He means go with the flow or become a target.
1. Bitcoin 'is' anonymous, it's only the KYC/AML gateway services that make it not so. So don't use them. 2. 'Gold is the only asset that isn't another person's liability', not so, Bitcoin is exactly the same. '$100 is breakfast in LasVegas', you must eat really well my friend if that's the cheapest breakfast you can find. Last time I was there, 20 bucks did the trick.
Learned something new about the confiscation history. Did the American benefit or lose from the confiscation policy in general? Who were the winners? Who were the losers?
Here's what I think, 2 scenarios, 1) crash hits, Goverment suspends sale of gold. 2) existing prices would be around 6000 dollars per ounze, Goverment would look to buy gold and incentive would be tax free. Then Goverment would bring in gold standard and move price to 20000 dollars an ounze. Moral is only sell gold on your terms.
Only buy gold if: 1. You can do so in person 2. The seller accepts cash 3. The seller does not require ID 4. You are able to safely hide it on your own property If even one of these four conditions is not met, the Feds WILL steal your gold when SHTF.
This would never happen again. The fact it already happened has made the gold community wiser and stronger. In a way the govt has shot themselves in the foot. If they tried to pull this off again, they would rip the country apart.
First social security cuts and Medicare coverage reduced will tear the country apart, and THEN gold confiscation. These political weasels are in panic mode and desperate to try anything. One important point: some people said that an Executive Order would not be legal under the Constitution. Beijing Beiden could not sign one for gold confiscation - the power players in the PM markets wouldn't stand for it.
15 minute cities, with electric cars + kills switches. Try and move your gold when the WHO calls a climate change pandemic and you are in lockdown. When the people rise up, things will change, otherwise good luck.
Just like they will try to take it, they will raise the price after they get it, and give you a peice of paper that is way under value of time you gave it up. They will make money on it several times
The government had a penalty also, $10,000 dollars and 10 years in prison! Gold could not be used inside the US so most thought they had to turn it in,,,
Here’s what’s going to happen. Government waits until all retail runs out of metal, then offers to pay people twice the market price for their metal. Probability of occurrence: low.
Impossible they would have as much luck with confiscating gold as they would confiscating everyone's vehicles. Gold and silver are not part of the monetary system anymore 1971
I sold my gold to buy guns and then lost those guns in a boating accident on a boat I borrowed from a guy I don’t know. A series of tragedy’s that have left my heart broken 😂😂😂
Government doesn't have authority to do anything, no one has voluntarily contracted with them. What they do have is the power to do things, they have the overwhelming violence to crush any resistance.
I've read a couple of very interesting books that discuss this issue. Apparently back in 1933 only a small percentage of people handed their gold back in and of those that didn''t only a handful were prosecuted.
I seriously doubt that private citizens who own gold will turn in the few coins or bars they may have. While using your gold for barter may not be convenient because it could only be used for large purchases there will come a time when you will be able to barter your gold for large items such as used cars from private sales.
Using gold as a barter is as convenient as silver because of it's devideability. In Venezuela, 2 years back or so, people were buying food and getting their haircuts done for gold flakes as a money. Or maybe more convenient than silver, it is easier to identify gold than silver for a layman. Moreover, you can use 1/25 Oz coins as a lower denomination (equals ca $70 now) or you can shave some flakes off larger bars, if you need to make small purchases.
I couldn't even get a small business loan (not grant) for $5000 to repair a building I own in Puerto Rico, (i own the building outright and employ 3 people, who are all out of a job) but I know a lot of small businesses here in N. Florida were given $5000 almost automatically, and many $7500, with literally, no paperwork involved. As far as gold goes, there is the 28% capital gains tax, and of course, the US government could outlaw the sales or even possession of gold. Everything seems very risky now. And with the communists headed to power, it seems likely to get worse.
What people are not being told, is that during the 1930s when it was illegal to own gold, it is my understanding that there was only one real prosecution of a person for holding gold. What are they going to do, arrest 20 million people?
i don;t think they will outright confiscate it but i do suspect that they will tax the living hell out of it when you go to exchange it (but then again you could trade it for something of equal value - who says you have to trade it for fiat currency).
I've heard lots about expert Miss Sarah and how her trade have been helping lots of beginners here in Vietnam, I'm a little bit surprised someone mentioned and recommended her Their trades are awesome
the Gold Reserve Act did not require everyone to turn in the gold. The jurisdiction was limited to only people in the States. Now look up the definition in the act for states. It may not be what you think. The people that read the law, did not turn in their gold if it did not apply to them.