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There been several stories on numerous websites that Marc Faber thinks that someday the gov will take our gold. He suggests that it be kept offshore. Your thoughts.....

I wouldnt say I think its likely, but it is certainly possible. Its happened already of course. I wouldnt be surprised to see PM owners one day being called out publicly for betting against the dollar. They might not get a lot stealing citizens gold, but i could see it as a tool to pacify public anger somewhat. "they" will need as many scape goats as they can get when fiat starts to break down.

this is among the reasons I like silver over gold, all this is much less likely with silver Id think.

I think that they would do it under the disguise of bringing us back to the gold standard or some sort of pegging of the dollar to gold. That being said, our reserves do not cover the notes that are outstanding. I could see that happening.

Well in addition to gold I invest in lead so if they are coming for the gold I guess they can have my lead as well. It's the least I can do.

Our bullion reserves are tungsten bars spray painted with Krylon Gold spray paint.

That's why Fort Knox is so well guarded.

The government can take your Au, Ag, firearms or anything else it wants, including your children and your life. There isn't a god damn thing you, me or anybody else is going to do but comply if you want to live. That or get left dead in a pool of your own blood. There are also things worse than death the Government can do to you.., and your family...

The time for resistance is looooong gone. Like a wounded animal, never under estimate the tenacity and ferocity of a corrupt sociopath government desperately trying to preserve it's status quo.

As far as seizing Au, they can come up with a list of reasons and rationals as long as a phone book.

Sorry for being a Debbie Downer, but that is stone cold in your face reality. Don't take my word for it. Go out there and openly defy a Government mandate, make a heroic stand. See how fast they make a bruised and bloody example out of you, if they even let you live. Make an armed heroic stand, they will do things worse than death to you and your family.

Bottom line, yes, they can seize your gold. They have done it once, and if it is in their best interest, it will be done again. The chance of it happening are not that remote anymore either.

I agree with bluegill and intend to comply fully with all government orders without comment or complaint. just like I always have.

I suggest ya'll do the same.

if anyone wants a good somewhat first hand account on how the gold seizure went
read
the great depression diary by benjamin roth

I have a screaming liberal relative that I fear will point toward me when the time comes..... whether its gold, left vs right, or whatever just to save his skin ... if things get bad, I may have to pretend to go along with those in power... not the America I grew up in...

TXBullion wrote:if anyone wants a good somewhat first hand account on how the gold seizure went
read
the great depression diary by benjamin roth

+1

Great book! I highly recommend it. The parallels to today are eerily similar.

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.

I will comply totally as well. It's just that someone stole all my gold, or it fell in a lake or something like that the week before they put the order in to seize it.

What you metals guys want is the long, steady decline in the accepted standard of living to fully benefit from hedging in PM's. I've always held the notion that the End-of-Times would not play well with gold or silver, given that the gov't (either party) wasn't about to stand idly by and allow a very small percentage of the people to profit from disaster.

What'd you think? You'd hop in the car, drive to the gas station and trade a half roll of Morgans for a tankful, then head over to Costco to pick up a week's groceries with the mercury dimes, while starving zombies in the parking lots applauded your financial foresight?

If things go too rapidly from bad to worse I think it's just a question of when, not if, they come for the shiny stuff. And they can always make it illegal to trade goods & services for anything but the "approved" coin of the realm...whatever new and improved fiat that might be.

Morsecode wrote:What you metals guys want is the long, steady decline in the accepted standard of living to fully benefit from hedging in PM's. I've always held the notion that the End-of-Times would not play well with gold or silver, given that the gov't (either party) wasn't about to stand idly by and allow a very small percentage of the people to profit from disaster.

What'd you think? You'd hop in the car, drive to the gas station and trade a half roll of Morgans for a tankful, then head over to Costco to pick up a week's groceries with the mercury dimes, while starving zombies in the parking lots applauded your financial foresight?

If things go too rapidly from bad to worse I think it's just a question of when, not if, they come for the shiny stuff. And they can always make it illegal to trade goods & services for anything but the "approved" coin of the realm...whatever new and improved fiat that might be.

I get a sense that a lot of you guys are cheering for a decline or a collapse. I don't care how many PM's or Preps you have. A decline or collapse is not very likely to be helpful to you. Or anyone. I understand that if you have been stockpiling gold & silver that you would be wishful for events that will help your assets appreciate. But a terrible economy, or worse, is still not something to cheer for. A strong job market and healthy free trade is what you should be cheering for. Plan for the worst and wish for the best. Don't plan & wish for the worst.

I am not cheering, but there is definitely a decline and unless the current ruling class is overthrown or something similar it will continue to get worse. They are not going to change policy course radically that would reverse it. Any revolution or even coup is extremely unlikely with the level of technological surveillance and controls so the decline will continue. Best to hold real assets and watch them appreciate as the multitude of continued paper money schemes inevitably collapse. No need to cheer. Just live as best and as happily as you can while still being realistic about what is happening. Also be as good as you can to your fellow man and the rest of life on the planet. That is the real hope.

Bluegill wrote:The government can take your Au, Ag, firearms or anything else it wants, including your children and your life. There isn't a god damn thing you, me or anybody else is going to do but comply if you want to live. That or get left dead in a pool of your own blood. There are also things worse than death the Government can do to you.., and your family...

The time for resistance is looooong gone. Like a wounded animal, never under estimate the tenacity and ferocity of a corrupt sociopath government desperately trying to preserve it's status quo.

As far as seizing Au, they can come up with a list of reasons and rationals as long as a phone book.

Sorry for being a Debbie Downer, but that is stone cold in your face reality. Don't take my word for it. Go out there and openly defy a Government mandate, make a heroic stand. See how fast they make a bruised and bloody example out of you, if they even let you live. Make an armed heroic stand, they will do things worse than death to you and your family.

Bottom line, yes, they can seize your gold. They have done it once, and if it is in their best interest, it will be done again. The chance of it happening are not that remote anymore either.

I am inclined to agree with you, Bluegill. The government has NO shame in it's dealings. History and current events have already proven that. Sadly.

BamaJoe wrote: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

Recommendation: If there's ever any serious threat of physical seizure, find a trusted family member with a lot of property and bury your PMs on their property, without their knowledge. This may be easy or difficult depending on how much you have. The benefits are: easy access whenever you need it; no risk of the property owner preventing you from digging it up; and if they don't know about it, they won't have to lie for you.

If they take MY gold, will the govt. at least provide me with a straw, and a blender?

As much as people dislike bullion coins being put into necklaces, being able to declare them as jewelery could very well keep your PMs in your hands rather than the government's. It could also provide you with a way to carry bullion across borders in a time of need.

Engineer wrote:As much as people dislike bullion coins being put into necklaces, being able to declare them as jewelery could very well keep your PMs in your hands rather than the government's. It could also provide you with a way to carry bullion across borders in a time of need.

Is there any evidence that such a tactic would work on a large scale? For example, has anyone tried taking 500 1/10 oz gold coins in bezel necklaces across the border? If not, I wouldn't count on it, especially if a public seizure of gold occurs.

They are going to take your money for healthcare, so I'm pretty sure they can do what they want.

The gov't claims the right to seize all drugs. How is that working out for them? If they seize gold it won't be your private coin collection they will take over the big institutional deposits like GLD, Sprott, COMEX, investment bank vaults, and maybe the actual mines themselves. Trying to SWAT raid grandpa's coin collection would meet heavy public and legal/consitutional resistance and maybe even refusal of local police to co-operate.

Thogey wrote:I agree with bluegill and intend to comply fully with all government orders without comment or complaint. just like I always have.

I suggest ya'll do the same.

Did you just give us all Tongue

THAT'S NOT NICE

Think about it..... For the government to want to start seizing your gold, they have to stop producing and selling bullion themselves, but the government makes too much money off of selling bullion at a premium, inside and outside of the USA. They control the distribution channels for ASE's and AGE's as well. If they can sell gold at a premium, why would they pull it back and basically cut off a revenue source for them.

I believe that what may happen before you see them "coming after" the gold, is that they will effectively shut down the import of Maples, Philharmonics, Pandas, Krugers, through some Money Act effectively banning foreign bullion after a certain date. Of course, generic bullion produced by authorized licensed private mints having a serial number will be able to be produced as well, but the private mints will be heavily regulated and forced to pay a tax per ounce that will make it not profitable for them to continue, making the AGE and the ASE the only bullion produced. At that time, the government can control the premium they place on it.

Why take away our gold and silver when they can create a greater market for it and profit off of it through supply and demand that they can solely manipulate?