Banks, Governments Move To Restrict Personal Gold Bullion

While I don't personally believe it; I guess you can make the claim that the Rich have orchestrated the run up in PM pricing as a way of having the lower classes exchanging their stashes of Gold and Silver for fiat currency. I guess the thought would be that when the fiat currencies collapses that only the Rich would have "real" money. Like I said,I don't really buy it, but I can see the reasoning behind it.

Any time anything threatens the power of a government or bureaucracy, they take whatever steps needed to stop the threat.

Gold ownership threatens the power of any government to issue fiat currency, therefore at some point in the future they will confiscate gold in any way they can. Registration makes that job easy.

In the U.S., aren't we allowed to invest IRA's in gold, maybe AGE's? I'm guessing a lot of folks do that, I really can't see the government taking that. I have been wrong before...

Just because it is allowed NOW does not mean it will be allowed in the future. When the government gets "desperate" enough, they will do desperate things, like confiscate gold. And, they will couch it in language that spins that it is for the good of the people and country, when in fact it is only good for those in power.

Lol, yeah right - we all walk around in chains all day and have to phone our contact number at regular intervals in the day to notify the authorities exactly where we are and what we are doing

Funnily enough though most of us have passports, have been graciously 'allowed' to travel outside of our own countries by those that inhibit our every personal liberty and don't have blinkered views of life elsewhere on this planet.

Norm

Sounds similar to the law that they tried to pass with the $600 limit for non reported sales. There are elements in our legislative branch already trying to find a way to track precious metals purchases. If they can track purchases and sales then they can tax the transaction. Their always trying to get their money grubbing hands into everything. Last year when New York was trying to figure out some way to pay their obligations they announced new taxes on just about everything including bottled water. I think the bill fell by the wayside but it will reappear in time. Eventually New York will tax you for breathing and leaving your house.

In at least some European countries, you do have to register yourselves with the government when you move in somewhere new, so the government can keep track of you.

That is quite true I believe but in many others such as where I am that is not the case, therefore sweeping generalisations such as the one that was made should be avoided imo.

Norm