| Author |
 Replies: 26 / Views: 5,263 |
|
|
|
Pillar of the Community
Canada
1823 Posts |
They might have to, I hear fort knox gold is gone.
|
|
Pillar of the Community
Canada
2805 Posts |
Back then, gold was money much more directly... so the gold seizure was probably more comparable to something like "the government has mandated that all physical cash be deposited in a bank account". Sure, it's still unpalatable, but you haven't lost any real value because of the ever-encroaching G-men. Still, I can't see what's wrong with dumping all your money into one commodity!
|
|
Pillar of the Community
United States
1584 Posts |
I don't blindly trust the government or any other large institution.
The government can do anything it wants if we let it.
|
|
Pillar of the Community
United States
2589 Posts |
I read somewhere that gold nanoparticles have an ld50 of 2000 milligrams per kilogram, so given my current weight I should be able to eat a little more than 6 ounces of gold without dying. I guess if I ever acquire more than that, Uncle Sam will be able to get his red white and blue hands on it, or I can just gain more weight so I can eat more of it (McDonald's three times a day should do the trick.
|
|
Valued Member
United States
344 Posts |
Quote:
Yeah, it has a lot of health benefits, but be careful not to OD on it..
Here's another idea. If you have fillings, replace them with gold ones. They last longer, are safer than amalgam, and I kind of doubt you'll have to give them up. Maybe |
|
Pillar of the Community
United States
1234 Posts |
Quote:
you were allowed to keep the equivalent of $100 face value in gold coin and coin collections I think we all have coin collections... so we are all exempt  |
|
New Member
United States
20 Posts |
I do not pretend to be anywhere expert in PM/numismatic issues as most on this board, but I'll throw in my 2 cents. And my opinion may not be worth that, but here goes;
First off, the US Constitution would encounter a major stumbling block to any policy to confiscate gold from private civilians. Even if such a policy took the form of an Executive Order, that would only encourage an absolute barrage of lawsuits and consitutional challenges. If you don't think so, just look at the fight we had (have?) just trying to make changes in US Healthcare policy. I'm sure most of the world can't believe the fight that ensued over such an issue. And that wasn't a "confiscate" policy.
How about guns? For those of you in the US, could you imagine the storm that would erupt if a policy was floated to actually confiscate guns in the US? Law Enforcement coming to the doors of millions of citizens, and demanding that they be handed over on the spot? Wouldn't happen without a heck of a pushback.
No, confiscation would not work politially or practially in the US. So I would not worry about gold confiscation. And there's no way to track it, register it or know if you have any or how much. (as the laws are now)
What's more at risk are IRAs, 401ks etc. If you want to worry about something, worry about that. And the Government wouldn't have to "confiscate" anything. But they wouldn't just TAKE your savings. Because as I said above, confiscation wouldn't fly.
How would they seize your assets? TAX IT. Tax earnigns, or assets over a certain amount. If they don't want anyone to have assets beyond, say $500,00, then they could TAX at a 100% rate any asset above $500,000. It's that simple.
Constitutional and politically viable if done at the right time.
Don't worry about gold confiscation.
*** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. ***
|
|
Pillar of the Community
 United States
589 Posts |
Thank you all for your contributions.
|
|
Pillar of the Community
United States
561 Posts |
Quote:
How about guns? For those of you in the US, could you imagine the storm that would erupt if a policy was floated to actually confiscate guns in the US? Law Enforcement coming to the doors of millions of citizens, and demanding that they be handed over on the spot? Wouldn't happen without a heck of a pushback. Already happened in New Orleans after Katrina and you heard not a word about it in the MSM. The only thing you can be certain of is that those in power will take whatever they want if they think they can get away with it. PERIOD. |
|
Pillar of the Community
United States
863 Posts |
If no one knows that you have it than the government will have nothing to sieze
|
|
Pillar of the Community
United States
1804 Posts |
John Hutch,
They can't take what you have in your "hiddy hole"
I might add, I would not keep it in a bank deposit box.
|
| |
Replies: 26 / Views: 5,263 |
First Page
Posted 01/31/2014 9:44 pm
