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Is the Confiscation Of Gold By Central Banks Likely?
Commodity News Center ^ | 8/7/09 | Julian Philips

Posted on 08/07/2009 12:52:56 PM PDT by h20skier66

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1 posted on 08/07/2009 12:52:56 PM PDT by h20skier66
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To: h20skier66
If there is a collapse, ammo would be a much better commodity than gold.

Ammo can be broken into individual cartridges for use as change.

There ain't much you can trade a gold bar for, and what would your receive in change.

Buy ammo. Forget gold.

2 posted on 08/07/2009 12:54:56 PM PDT by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: h20skier66
No you cannot. Neither can you do the same for your 401K or any other asset. Government, like fire, is a useful servant and a dangerous master.
3 posted on 08/07/2009 12:55:23 PM PDT by MNJohnnie (Obamanomics: we have to destroy the US Economy in order to save it!)
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To: h20skier66

I have a feeling most of these rumors are started by people trying to pump the price up or who are affiliated with companies who buy gold (ie, get you to sell it to them before it is taken away).


4 posted on 08/07/2009 12:56:09 PM PDT by mnehring
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To: h20skier66
Pimping your paranoid delusional blog on one thread wasn't enough? You had to repost?
5 posted on 08/07/2009 12:58:07 PM PDT by allmendream (Income is EARNED not distributed, so how could it be redistributed?)
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To: mnehring

The gov’t confiscated gold once, they would surely do it again.

Gold has too much upward pressure because of inflation (quantitative easing), longer term.


6 posted on 08/07/2009 12:58:45 PM PDT by kingpins10
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To: h20skier66

For several decades after 1933 any “collector” in the U.S. could own any number of gold coins, but not gold bullion. Any gold coin was rare by definition, and its value exceeded the bullion value of the gold it contained. It was illegal to melt them down anyway.


7 posted on 08/07/2009 12:59:31 PM PDT by Genoa
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To: E. Pluribus Unum

Buy ammo, but don’t forget to buy spam...It will survive even a bomb..


8 posted on 08/07/2009 1:01:12 PM PDT by goat granny
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To: kingpins10

Its all a risk reward proposition. What is the cost of confiscation versus simply buying it? What would happen to the value if it there was no market to trade it on? Could the plan and execution of thus be done in a timeframe that could allow for its fulfillment? This isn’t 1933. If it gets down to that happening, the country would look very different than it does now.


9 posted on 08/07/2009 1:01:22 PM PDT by mnehring
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To: E. Pluribus Unum

Ammo also gives the ability to forage for what you need among the opposing force and its sympathizers and wards.


10 posted on 08/07/2009 1:01:50 PM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: h20skier66

No, its not likely.


11 posted on 08/07/2009 1:07:08 PM PDT by spyone (ridiculum)
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To: E. Pluribus Unum

I bought gold at $279/oz

I sold it at $912/oz

I bought ammo with the windfall


12 posted on 08/07/2009 1:17:10 PM PDT by GoldMan (Never try to rationalize an irrational mind............)
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To: goat granny
but don’t forget to buy spam...It will survive even a bomb..

Got a case of SPAM right next to my case of Twinkies - both will outlast me and everyone around here!

13 posted on 08/07/2009 1:24:17 PM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: E. Pluribus Unum; h20skier66
If there is a collapse, ammo would be a much better commodity than gold.

Yep. I agree. Ammo would be more valuable you can't make change from a Bar of Gold or a Krugerrand.

But ammo - its like money: (examples)

Naturally other calibers would have value too:

Plus you can't hunt or defend yourself with Gold.

14 posted on 08/07/2009 1:49:00 PM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits)
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To: h20skier66

You can bet that Big Brother would have a BITCH of a time getting citizens to give up their gold!!


15 posted on 08/07/2009 2:01:09 PM PDT by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: h20skier66
...in 1933 the U.S. government banned the ownership of gold by U.S. citizens...

I have gold...I have silver.

I also have guns and ammo.

Come get it all...if you dare.

From my cold, dead hands.

16 posted on 08/07/2009 2:05:27 PM PDT by OldSmaj (I am an avowed enemy of islam and Obama is a damned fool and traitor. Questions?)
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To: Oldpuppymax

I have a feeling that Big Brother will get some unwelcome lead before gets the gold.


17 posted on 08/07/2009 2:08:05 PM PDT by brydic1
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To: kingpins10

Not a lot of Americans own gold. Too many of us would rather spend than save. The currency is no longer backed by gold. A gov’t search from house to house or in safe deposit boxes would yield a lot of jewelry but not much bullion. The bullion is in banks and is owned by the big boys like Goldman Sachs. Confiscation of wealth via inflation is more likely.


18 posted on 08/07/2009 2:57:01 PM PDT by musey
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To: musey
<> Really? Inflation hasn't yet hit, but wealth confiscation is happening right now! I agree though, that coins will be of more value to us vs. bars.... but for me, more practical investments (other than guns/ammo) will benefit even more for one's own family. I personally believe we have a less than 2-year window to prepare... regardless of 2010 elections, its gonna happen either way... just my $.02
19 posted on 08/07/2009 4:44:36 PM PDT by jblann1
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To: PugetSoundSoldier

LOL I have been telling my kids for over a year to buy Spam and ammo...So this last Christmas I got lots of Spam and some MRE. Laughed myself silly...Never thought of the shelf life of Twinkies...Forever...


20 posted on 08/07/2009 5:21:22 PM PDT by goat granny
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