Responding to in inquiry regarding the likely price the government would reimburse gold owners in the event of a confiscation, Legendary Gold Expert Jim Sinclair Explains the Risk of Gold Confiscation Just Went Way Down:
Cash is being restricted to maintain control over the citizenry. Long lines, withdraw limits, capital controls, will all define the next crises in America.
The Financial Elite’s War On Cash Is Heating Up:
The assault on gold is by no means casual…
The “war” is ramping up…
Hot on the heels of China gold import restrictions, and India’s demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU.
Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU.
But it gets better…
Maybe you live in Greece or Cyprus or some place where they shut down the banks.
I think that activity is coming to the US sooner than later…
This is every stacker’s worst nightmare.
Everything you own is at risk if you happen to be the next innocent person to mistakenly end up on the wrong side of their list…
Hat Trick Letter Editor Jim Willie believes a complete economic collapse is on the horizon.
Will the government attempt to confiscate gold and silver coins? Are 90% junk silver coins the best physical option to prepare?
In the Must Listen interview below, Jim Willie looks ahead to the days and weeks AFTER the US financial collapse…
The Rothschilds have essentially been the progenitors of what has become the globalist’s agenda of creating a New World Order to rule over everyone and everything.
How did it come about?
They took away the gold…
Finance and Liberty’s Elijah Johnson sat down with The Doc to ask whether a US Government gold confiscation is coming.
His answer might surprise you…
There are growing concerns internationally that in the event of another Wall Street or global stock market crash and a new systemic crisis – a Eurozone debt crisis or another Lehman Brothers collapse – there could be enforced bank closures or extended bank holidays in the EU and U.S. as seen in Greece recently.
Will Uncle Sam Confiscate Gold Again?
Senator Paul, in the spirit of your sponsorship of the FAIR Act, which would protect honest people’s life savings from British redcoat style brigandage and piracy, we ask you to consider making a ten minute speech in the Senate chamber warning President Obama to not rev up his accumulated disgraces by being so brazen as to cite “precedent” and “national emergency” or “military crisis” or “systemic banking collapse” or “overseas dollar repudiation” for invoking Executive Orders in any way comparable to those issued by Franklin Roosevelt on April 5, 1933, seizing gold from Americans, followed by the tyrannical EO of August 9, 1934, ordering Americans to surrender bullion silver to the Treasury Department.
Throwback Thursday: in this clip from 2010, James Turk and Mike Maloney discuss how they see the end of the current US fiat monetary system playing out, and their thoughts on the likelihood that the US gov’t will attempt to confiscate gold and silver from US citizens in the aftermath of a dollar collapse.
In his latest must watch video, the Silver Bullet Silver Shield’s Chris Duane examines the likelihood that the government will ever attempt to confiscate silver.
Duane destroys the myth and irrational fears that a door-to-door confiscation of silver is coming, and like The Doc, makes the case that the most likely targets for a Federal confiscation of precious metals would be ETF stockpiles and nationalization of mines. The real threat of confiscation of your wealth is via inflation, and confiscation of paper retirement funds and vehicles.
Chris Duane’s full analysis on the potential for a national gold & silver confiscation is below:
April 5th, 1933, FDR confiscated every gold coin, bar, or certificate and people had to turn in their gold to the Federal Government or else they would face a fine of $10,000 or 10 years in jail. That is about $179,000 in today’s money. You were able to keep a small amount or some rare coins and those that did give up their gold received about $20/oz. “Why would the government do that?” asks Ms. Steel. They did this for the following reasons:
- To prevent hoarding.
- To devalue the dollar during the Great Depression.
- The government set the gold price at $35/oz and pegged it to the dollar.
“But this could never happen again, right?” asks Ms. Steel. “Well tell that to Texas.”
Mining.com has released an infographic detailing the history of gold confiscation. From Roosevelt’s 1933 Executive Order, to Mussolini, to the Nazi confiscation of Czech gold, and concluding with more recent confiscations by the Australian and British governments, the infographic provides detailed information regarding all modern-era gold confiscation episodes.
A Steve Quayle reader has reported that the 2 dozen gold Krugerrands he kept stored in his safety deposit box in a Cincinnati 5/3rd Bank have been confiscated, and that the 5/3 Bank Manager informed him that a CIA agent was the culprit who cleaned out his stash of phyzz– but that all fiat dollars were left untouched in the box.
While this in an anecdotal account, this emphasizes a point we have long made here at SD: if you don’t hold it, you don’t own it!
Full account of Fed gold confiscation is below: