U.S. asset managers worried Obama could confiscate gold

reply to post by Jean Paul Zodeaux


I wasn't talking about you specifically, I was referring to the person you were responding to.

I have that particular member on ignore, because more often than not their posts are off topic and generally troll filled rants.

On this subject, there is no way to confiscate gold. Most people do not have enough to justify the expense of a confiscation mission. But the fear that it enables will surely drive up the price of gold and make already rich men more money.

reply to post by whatukno


Thanks for that clarification Wuk, and amusingly I had intended to type gold, but because I had read your post wound up typing guns instead. Hence the double editing. I left guns in there simply because you had brought it up, and I believe my post holds true for both. As to the gold confiscation I think you are right, and I think Crazy Jethro is correct as well.

Sold my last bar. I bought a couple necessary items and stocks for the coming months.

Better to be prepared than to be caught with your pants down, especially with the government all in a lather.

Prepare folks. Food, shelter, clothing and defense. That is your basic needs.

Friends, family and neighbors are your community and your protection.

The government cannot be and will never be your friend or benefactor.

Remember that.

I personally believe, these Cash for Gold stores are funded by the Government, seriously I have never seen a paying customer in any of these stores. they have popped up like Starbucks... except I see tons of people at Starbucks any given hour. I think these Stores are just a attempt to get thier hands on as much gold as possible.

reply to post by Target Earth


Yea, I have reservations about these cash for gold places too. Something about them just doesn't seem right. I am sure that people that do business with them are getting ripped off big time. How else are they supposed to make money? I am certain that the gold traded in is given less than half of it's actual value.

reply to post by whatukno


I just don't understand how they are able to keep their doors open? there is, I would say at least 4 of these Cash for Gold place's, one being a Mall Island... in a 6 mile area and I have yet to see one customer in any of them, and I drive by at least 2 everyday. It seems to me they can not be profitable unless they are being funded by the government.

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]

reply to post by mnemeth1


Most people who invested in gold, only bought into gold stock. As we all know, the stock market can be controlled quite easily.

Gold confiscation is rubbish.
There is a psychopolitical manipulation of markets going on (if you haven't noticed)
FEAR of ownership of gold must be generated to help keep the price down as the US begins to enter a hyperinflationay depression.

Unlike the last time there was double digit inflation, back then every item in a grocery store had a price sticker not a barcode and the attendant at the gas station., when he wasn't cleaning your windows would go hang a different metal number sign by hand when prices changed.

Now prices are 'set' by computer. The system has been crafted so it could function during extreme inflation events.

The mere acquisition of gold or silver helps keep currencies honest. If we all ran out and bought a couple hundred dollars of silver coin or a US Gold Liberty... the us dollar would start to spiral out of control...to new lows, and higher gold prices.

Gold is a psychological safe haven that provides the bearer a bit of true liberty... as defined by a Son of Liberty in Rhode Island "..the feeling one gets sitting under a tree in the wilderness" reenforcing the self confidence. John Wilkes said, in issue #45 of the North Briton in 1766 or so.. "A man is sovereign unto himself and may only be ruled by his own consent"

Gold and silver will prevent TPTB from stealing your wealth and I believe that the mere acquisition of gold and silver helps force a more honest governance.

[edit on 12-6-2010 by seataka]

reply to post by Silver Shadow


Wait...I don't get it haha.

I don't want to advertise my own threads particularly, but I can't help but wonder why your post got 5 stars, when my post links to a thread about the exact same thing, only not just about China...

I gave you a star anyways, but everyone that gave you stars should check out my thread as well.

I have put quite a bit of information on it, and it at least deserves a look by anyone that has starred your post.

Again, I'm not just trying to promote my thread for flags and stars, I couldn't care less about that.

But the information is what I think people want to know.

So please, anyone that is interested in the manipulations of the gold market please check out this thread:

Gold Rush 21 (Documentary)

Remember folks, there is a difference between ACTUAL gold and paper gold, do NOT purchase options. That is NOT gold or silver.

Purchase the ACTUAL entity, not the perception. Remember, that is WHAT your cash is, perception.