posted on Jun, 12 2010 @ 02:07 PM
Originally posted by whatukno
reply to post by Jean Paul Zodeaux
On this subject, there is no way to confiscate gold. Most people do not have enough to justify the expense of a confiscation mission.
Confiscation of gold will come when the dollar implodes.
Right now the dollar can still buy stuff.
When Gold is sitting at ten thousand an ounce, you'll see the government thugs come out to play.
There is no doubt in my mind that they will come for the gold when the price gets high enough. As government tax revenues continue to decline and
government expenses continue to increase, the only way out for them is to hyper-inflate the money supply.
Right now socialist security is in the red.
I doubt we have much more than a year left before the bond market figures out the whole monetary system is a sham and forces interest rates higher.
This will cause the government to default.
Mass chaos and gold confiscation will ensue.
This is why the analysts are worried about gold confiscation.
[edit on 12-6-2010 by mnemeth1]