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Banks, Governments Move To Restrict Personal Gold Bullion

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stewart's Avatar
United States
1126 Posts
 Posted 09/09/2011  5:33 pm Show Profile   Bookmark this topic Add stewart to your friends list Get a Link to this Message Number of Subscribers
Banks, Governments Move To Restrict Personal Gold Bullion Purchases

Any thoughts or opinions ?
Just looking for honest discussion of the topic on a beautiful Friday Evening

http://www.shtfplan.com/precious-me...ses_09092011
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 09/09/2011  5:57 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
It is possible that they are trying/planning to control the flow of PM's into private hands in order to line there on pockets or exercise control over the general population.

However, it is also possible that these restrictions were put into place in order keep individuals from draining the daily supply and make sure that and ample supply is readily available for those who can only afford smaller purchases of say 3000 Euros or even as little as 1 or 2 ounces of silver at a time.

Personally, I tend to want to go with option #1.
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Ed_B's Avatar
United States
4008 Posts
 Posted 09/09/2011  6:06 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
This morning, IMF managing director Christine Lagarde was quoted as saying that the situation is so dire, "policymakers should stand ready, as needed, to take more action to support the recovery, including through unconventional measures."

This quote is what really stands out for me. "Unconventional measures"? What does that mean? Un-lawful? It is things like this that make it so imperative that any politician elected to public office in the US be aware of their constitutional duties and the restrictions that document places on their actions. Obviously, the Euros are not as up to speed on the concept of personal liberty as Americans are, so it is no surprise that stuff like this is starting in Euroland.

If we think about it for a bit, we can see that the fiat currencies are failing and that there will be a precious metals monetary standard at some point in the future. What better way to control the world's wealth than to control those metals? The initial stage seems to be one wherein very wealthy people are in on this scheme and are buying lots of gold. Once they have their fill of it, we can probably expect gold to be made very difficult, if not impossible, for citizens to purchase. Gold registration? Hmmm... seems to me that every single time this idea comes up, it is for the purpose of confiscation. It makes their job a lot easier if they know who has what they want to steal and where it is located. Remember, folks, it ain't paranoia if they really ARE out to get you!
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Ron2012Paul's Avatar
175 Posts
 Posted 09/09/2011  6:19 pm  Show Profile   Bookmark this reply Add Ron2012Paul to your friends list Get a Link to this Reply
I wouldn't be surprised if we seen something like this come the states sometime in the future.
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United States
1590 Posts
 Posted 09/09/2011  6:20 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
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.
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macmercury's Avatar
United States
5832 Posts
 Posted 09/09/2011  9:00 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
If Ron Paul is the next President, he will tell us to change all our current US currency to either Gold/Silver. There will be nothing to hide then.
Valued Member
United States
302 Posts
 Posted 09/09/2011  11:02 pm  Show Profile   Bookmark this reply Add mmerlinn to your friends list Get a Link to this Reply
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.
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Ed_B's Avatar
United States
4008 Posts
 Posted 09/10/2011  7:27 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I wouldn't be surprised if we seen something like this come the states sometime in the future.

No, I wouldn't be surprised either. There are probably any number of people in the US government who are watching the situation in Europe to see how this plays out. If it doesn't flop miserably, then they very well might try it here.
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JackB's Avatar
United States
1064 Posts
 Posted 09/10/2011  7:50 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
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...
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GoThunder's Avatar
United States
830 Posts
 Posted 09/10/2011  8:41 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply

Quote:

In the U.S., aren't we allowed to invest IRA's in gold, maybe AGE's?


Yes, we can have gold in our IRAs, either physical or paper is ok.
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United States
302 Posts
 Posted 09/10/2011  9:41 pm  Show Profile   Bookmark this reply Add mmerlinn to your friends list Get a Link to this Reply

Quote:
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.


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.
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chris beatie's Avatar
344 Posts
 Posted 09/11/2011  02:22 am  Show Profile   Bookmark this reply Add chris beatie to your friends list Get a Link to this Reply
Honestly. So many capitolist governments are tanking right now. I wont be surprised if I have to sell all my houses put it into gems or pm, then go live in a smaller undeveloped country. The US gov has been messing with me my entire life, now it looks like they will be messing with more and more people as our days go on.
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Spikey Norman's Avatar
Ireland
131 Posts
 Posted 09/11/2011  06:17 am  Show Profile   Bookmark this reply Add Spikey Norman to your friends list Get a Link to this Reply

Quote:
Obviously, the Euros are not as up to speed on the concept of personal liberty as Americans are, so it is no surprise that stuff like this is starting in Euroland.


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
Edited by Spikey Norman
09/11/2011 06:18 am
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United States
1590 Posts
 Posted 09/11/2011  10:51 am  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
lol, if you have a cell phone, you don't need to call in. They always know where you are at. I'm not a big conspiracy theory buff. But that part is true. Just sayin.....
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junior e's Avatar
United States
931 Posts
 Posted 09/11/2011  1:26 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
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.
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Ed_B's Avatar
United States
4008 Posts
 Posted 09/11/2011  3:05 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I really can't see the government taking that.

Few people see their government as capable of doing bad stuff... until they do.


Quote:
So many capitolist governments are tanking right now.

Actually, it is the governments that insist on controlling their markets that are having the most trouble right now... and government control of a market is NOT capitalism.


Quote:
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

No need for sarcasm. Never said that you didn't have ANY, just LESS.
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