Seizing our gold

[Gobirds66]

The gov't claims the right to seize all drugs. How is that working out for them?

I agree that they will never be able to seize all gold, but they can effectively shut down import of foreign stuff into the country. It is not like you can just grow the stuff in the jungle and get mules to deliver it.

Gold and silver generally come from a mint of some kind and, while some people will make their own just as with anything else we banned in this country, I do not see the crack house down the street or the bootlegger turning to a life of smelting down old electronics to create gold bars (some will but not the masses). So, like I said in a previous post, I think the government will control the import, or outright ban foreign gold, creating a larger demand for their product and then charge a premium they want to gain the profit they wish. This way, they will control how much wealth is let out to the masses. The government is much better at doing that stuff as it falls under the radar and no one video tapes SWAT given grandpa the beat down while they steal his gold.

[Gobirds66]

First they would grab the 401's and IRS's. The money there dwarfs the amount held by gold holders. Could they do it - sure, but what they get out of it would fund the government beast about a week.

Still, by the time they add up the manpower, shovels and heavy equipment needed, and shear time involved in locating it they would be facing a losing proposition in getting mine. I've forgotten where it is all buried - hell, I think some of it is located right under where they built that nice new IRS building.

That would be bad. I cannot imagine the population would go along with that so easily though....the amount of civil protest and unrest would be HUGE! I don't know if our own military would go along with it, either. Most people in the military have a thing called a "conscience" and some of them would rebel against mass search and seizure of it's own citizens? I don't know. Could it ultimately happen? Sure it could....hope I'm proven wrong

Public is already going along with it. In 2009 and 2010 there were repeated attempts to require investment vehicles to include US Treasuries as a certain percentage of the Fund. The government gave a lot of "good" reasons for doing it and you can Google them all. They did not succeed, but they will one day. At the point the 401K is required to include them, the Federal Government owns your 401K. They just need to provide a negative yield and they have taxed your 401K. You give them $100, they give you $99. Sounds like that would be taking it to me, and 99% of the public never knew they were trying. If they do not like the amount, they just require a larger percentage to be in Treasuries, or provide more of a negative yield. They have tried it before, it failed, but they will get it to pass.

Secondly, they will decide to annuitize the 401K funds. At first it will be optional, and some will do it, but then it will be mandatory. We already have Social Security, which is an annuity in theory, but they will control the 401K soon, and people will let it happen. The government is a master at covert operations, especially when it comes to taking your money. They hold all the cards.

[silverflake]

Look, I have a couple of solutions for everyone here for each scenario.

1. The dollar crumbles and/or inflation skyrockets, decreasing every Americans standard of living. Thing to do now?

Keep stacking.

2. We have a slow decline in the standard of living, government seizes our 401-K's, our economy morphs into full fledged socialism. Thing to do now?

Keep stacking.

3. Miraculously, QE3 succeeds, unemployment drops below 4%, the stock market booms and the House of Reps all hug the Senate. Thing to do now?

Keep stacking.

If I can sum it up gang, no matter what your fear is, no matter what your motive, we all need to KEEP STACKING. Gold will go up in price as the dollar continues to swoon. Silver is still going to skyrocket faster than gold, regardless of whether we moan about confiscation. Stick to your guns (!), keep the faith and for crying out loud, KEEP STACKING!

[SilverDragon72]

Look, I have a couple of solutions for everyone here for each scenario.

1. The dollar crumbles and/or inflation skyrockets, decreasing every Americans standard of living. Thing to do now?

Keep stacking.

2. We have a slow decline in the standard of living, government seizes our 401-K's, our economy morphs into full fledged socialism. Thing to do now?

Keep stacking.

3. Miraculously, QE3 succeeds, unemployment drops below 4%, the stock market booms and the House of Reps all hug the Senate. Thing to do now?

Keep stacking.

If I can sum it up gang, no matter what your fear is, no matter what your motive, we all need to KEEP STACKING. Gold will go up in price as the dollar continues to swoon. Silver is still going to skyrocket faster than gold, regardless of whether we moan about confiscation. Stick to your guns (!), keep the faith and for crying out loud, KEEP STACKING!

Well said! I'll keep stacking, thanks

[mflugher]

Look, I have a couple of solutions for everyone here for each scenario.

1. The dollar crumbles and/or inflation skyrockets, decreasing every Americans standard of living. Thing to do now?

Keep stacking.

2. We have a slow decline in the standard of living, government seizes our 401-K's, our economy morphs into full fledged socialism. Thing to do now?

Keep stacking.

3. Miraculously, QE3 succeeds, unemployment drops below 4%, the stock market booms and the House of Reps all hug the Senate. Thing to do now?

Keep stacking.

If I can sum it up gang, no matter what your fear is, no matter what your motive, we all need to KEEP STACKING. Gold will go up in price as the dollar continues to swoon. Silver is still going to skyrocket faster than gold, regardless of whether we moan about confiscation. Stick to your guns (!), keep the faith and for crying out loud, KEEP STACKING!

Well said! I'll keep stacking, thanks

And we honestly wonder why people call our pm stacking a religion???


While I agree with whats said above, keep in mind you need to live for the present as well too. Start a business on the side if you can, (I'm particularly partial to stumpgrinding) earn some income, stack items other than PMs, I'd hate to see you have a $20k stack and no pantry to fall back on... Keep in mind if a real collapse occurs, you DON"T want to be the guy showing up at the farmers market with a pocket full of morgans, save those till the collapse is recovering and use that silver to buy into whatever recovery assets you can find, mines, real estate, etc.

Make a plan to last 2 years without hitting your PM hoard. And use that plan to stack all durable resources (including but not limited to PMs ) responsibly.