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Is it really wise to own gold?
Vanity | March 31, 2010 | William of Barsoom

Posted on 03/31/2010 8:23:49 AM PDT by William of Barsoom

Is it really wise to own gold? The government has banned it twice before -- if I have my facts right. It could be simply confiscated or driven underground. It could become especially heavily taxed. These things could happen on very short notice -- "Stroke of the pen, Law of The Land... Kinda cool," as was said by R.E.

Kinda scary, too... That they think that fast and loose.

So, what about the probability of a general confiscation of gold precisely to prevent anybody from having a port in the storm, and forcing us all into a common and vulnerable boat?

I met a guy once who thought about this, and purchased many crates of bars of soap. He thought to use it as barter-money, "because people always want to be able to get clean." Soap is fungible. Each element of it is cheap, unlike a $1,000 coin -- where are you gonna "break" such a coin for a tank of gas? Ammo is fussy as a barter medium. Too many kinds. It seems to me that barter "money" ought to consist of cheap and universally useful "things."


TOPICS: Business/Economy; Chit/Chat; Conspiracy; Miscellaneous
KEYWORDS: confiscation; economy; gold
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1 posted on 03/31/2010 8:23:49 AM PDT by William of Barsoom
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To: William of Barsoom

Bricks of coffee. Pints of whiskey. Safety pins.


2 posted on 03/31/2010 8:25:12 AM PDT by nina0113
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To: William of Barsoom

just go to the Feather River ‘n scooop it up, Fremont


3 posted on 03/31/2010 8:25:28 AM PDT by bunkerhill7
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To: William of Barsoom

Gold & silver work for me. Literally. :)

http://www.321gold.com/


4 posted on 03/31/2010 8:26:00 AM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: William of Barsoom

Gold is a hedge, that’s all. Food, water, lead, etc will be the real currency.


5 posted on 03/31/2010 8:27:06 AM PDT by Palter (Kilroy was here.)
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To: William of Barsoom

That’s one of the reasons I like junk silver. It does get bulky though...


6 posted on 03/31/2010 8:28:24 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: William of Barsoom

As long as it is not gold teeth.


7 posted on 03/31/2010 8:29:03 AM PDT by cajuncow
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To: William of Barsoom

Junk silver is good. Much easier to buy that tank of gas.


8 posted on 03/31/2010 8:29:03 AM PDT by passionfruit (When illegals become legal, even they won't do the work Americans won't do)
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To: William of Barsoom
It's worth keeping moderate amounts in very small unit sizes, so it can be used as a form of barter "currency" should it become necessary and so that it can be easily carried with you in the event you need to flee with nothing but what you can carry, and should be carefully stored away so that thieves - including Uncle Stealer hisself - cannot find it. Otherwise, it's not worth hoarding great quantities of bullion - unless, of course, you are personally wealthy enough and charismatic enough that you can command the loyalty of the armed mercenaries (for let's not get too coy about describing security guards) you'll need to protect it and yourself. Of course, if you're that wealthy already, you really don't need to be hoarding bullion in the first place, as you're unlikely to be at the whim, caprice, and "tender mercies" of the American Fascist Party, f/k/a the Democratic Party.

Redistribution is Theft, small
9 posted on 03/31/2010 8:30:05 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: William of Barsoom

buy lots of lead (ammo).


10 posted on 03/31/2010 8:31:02 AM PDT by DCBryan1 (FORGET the lawyers...first kill the "journalists".)
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To: William of Barsoom

That’s why you buy it from private coin dealers and not online and with cash only. Big brother can’t take it if he doesn’t know you have it...and in any case, the day that big brother starts outright confiscating property is the day for Atlas to shrug.

As for the divisibility, my recommendation is to invest in silver and 1/10th ounce gold coins.


11 posted on 03/31/2010 8:31:38 AM PDT by RWB Patriot ("Need has never produced anything. It has only been an excuse to steal from those with ablity.")
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To: William of Barsoom
The only thing which is certain right now is uncertainty.
 
The economic storm which we are sailing into will be so terrible that none of us know what form of government [or societal organization] will emerge from it.
 
In the meantime:
1) Purchase as much ammunition as you can afford. [And then purchase some more.]
 
2) Homeschool your children.
 
3) Quit worrying about everything else. All the calories you are wasting [and all the sleep you are losing] right now in worrying about this stuff will be needed later, when the going gets really tough.
So make your preparations, then kick back, relax, get some sleep, and be tanned & rested & ready to rumble when the big fight arrives.
12 posted on 03/31/2010 8:31:41 AM PDT by Special Agent Anthony DiNozzo (SCORE!!! And in Paris, no less. MOO HA HA HA HA HA HA!!!!!)
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To: nina0113
Bricks of coffee. Pints of whiskey. Safety pins.

Bricks of bullets, pints of gunpowder and spare firing pins....

13 posted on 03/31/2010 8:32:43 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Special Agent Anthony DiNozzo

Amen!


14 posted on 03/31/2010 8:34:12 AM PDT by NCCarrs (http://www.cnn.com/2004/ALLPOLITICS/12/30/quake.usa.editorial.reut/index.html)
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To: Palter
Food, water, lead, etc will be the real currency.

According to my wife's cousin who works for Blackwater and spent several years in Kosovo, in addition to what you list, reading material and toilet paper will also become common forms of currency.....

15 posted on 03/31/2010 8:34:29 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: William of Barsoom

Yeah GOLD is all I have. If that’s what your suggesting then you’re not to bright. You must have some intelligence though your asking the right people. Are you prepared?


16 posted on 03/31/2010 8:38:53 AM PDT by steve0 (My plan B: christianexodus.org/)
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To: William of Barsoom

Liquor and cigarettes have traditionally been barter items.


17 posted on 03/31/2010 8:39:58 AM PDT by The Great RJ ("The problem with socialism is that you eventually run out of other people's money." M. Thatcher)
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To: Thermalseeker

What are ya’ll expecting to happen? Slow down folks...


18 posted on 03/31/2010 8:42:18 AM PDT by goseminoles
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To: William of Barsoom

How much is the commission for buying or selling gold coins and bars?


19 posted on 03/31/2010 8:44:38 AM PDT by posterchild (Endowed by my Creator with certain unalienable rights.)
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To: Special Agent Anthony DiNozzo

What about private school?


20 posted on 03/31/2010 8:46:00 AM PDT by tbw2 (Freeper sci-fi - "Humanity's Edge" - on amazon.com)
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To: steve0

...am I prepared? Good question. The true answer is “somewhat”.

I believe in General Preparation that can be fine-tuned and re-directed in the late moments before “it” begins — be “it” a storm, or other large inconvenient occurrance. I don’t want to build an immovable bunker when it is possible that survival will mean to bug out.

In the philosophical sense, as well as the practical, you need to anticipate, prepare up to a point, — and then relax until there is something more concrete to do. No detailed plan lasts much beyond the opening few rounds.


21 posted on 03/31/2010 8:48:13 AM PDT by William of Barsoom (In Omnia, Paratus)
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To: The Great RJ

My dad has these little pouches made up with a pack of smokes,matches and a little airline bottle of JD in a small vacuum pack. When he goes backpacking he takes several along. He sometimes comes across vet’s who’ve gone ‘bush’ and it’s a means of defusing whatever situation he might come across ....


22 posted on 03/31/2010 8:49:10 AM PDT by SkyDancer (If someone calls me a racist I'll just tell them you're just saying that because I'm white ....)
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To: William of Barsoom

Precious Metals: Lead, copper, brass ...

(silver and gold, too, but you can’t shoot bad guys with them)


23 posted on 03/31/2010 8:49:23 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: The Great RJ

Yes, but the liquor and cigarettes used for this purpose should not actually be drank or smoked. They are for barter only, and taste terrible!


24 posted on 03/31/2010 8:53:20 AM PDT by proxy_user
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To: William of Barsoom

FDR did something similar back in 1933. After making private ownership of gold illegal, the Treasury launched a buyback program at $20 an ounce. After the buyback was complete, He signed an executive order pegging the value of gold at $35 an ounce. With the stroke of a pen, he inflated the currency by 75%!


25 posted on 03/31/2010 8:53:20 AM PDT by Duke C.
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To: Palter

Also a practical skill you can provide that people need.


26 posted on 03/31/2010 8:54:42 AM PDT by DManA
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To: DManA

Which when you think about it is the source of all wealth.


27 posted on 03/31/2010 8:56:05 AM PDT by DManA
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To: Thermalseeker; nina0113
Jugs of cheap vodka. Good for barter, first aid (wound cleansing, pain relief), start fires, recreation.

Of course this is in addition to ammo for your guns, and extra of common calibres for barter.

28 posted on 03/31/2010 8:59:49 AM PDT by Second Amendment First
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To: William of Barsoom
So if Obama issues another Gold confiscation order are you gonna mince right down to the bank and hand it? My grandmother refused to do that in 1933 and I am still in possession of it. I was very surprised to discover that as she was otherwise absolutely law abiding but she had a deep distrust of government. I suspect that these days any attempt by the Feds to confiscate gold would go as poorly as an attempt to confiscate guns.


29 posted on 03/31/2010 9:00:53 AM PDT by atomic_dog
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To: William of Barsoom

Cue The Golg Finger song.


30 posted on 03/31/2010 9:01:56 AM PDT by Vaduz
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To: nina0113

I’m hoarding incandescent lightbulbs.


31 posted on 03/31/2010 9:04:29 AM PDT by Joe 6-pack (Que me amat, amet et canem meum)
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To: ArrogantBustard
(silver and gold, too, but you can’t shoot bad guys with them)

You can if the bad guy's a werewolf!

32 posted on 03/31/2010 9:12:02 AM PDT by nina0113
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To: atomic_dog

I have read several pieces on the gold confiscation EO that you posted the pic of - and I am STILL trying to figure out what legal or Constitutional authority that EO was issued on.


33 posted on 03/31/2010 9:29:05 AM PDT by TheBattman (They exchanged the truth about God for a lie and worshiped and served the creature...)
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To: Joe 6-pack
I’m hoarding incandescent lightbulbs.

Me, too. They would be a good barter item. Also, I hate fluorescent light.

34 posted on 03/31/2010 9:31:01 AM PDT by OldPossum
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To: Vaduz

That’s the one that goes:

Golg Finger, he’s the one that couldn’t afford to buy real gold..

</smartass mode>


35 posted on 03/31/2010 9:32:11 AM PDT by farmguy
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To: Joe 6-pack

You’ll be known for your enlightenment.


36 posted on 03/31/2010 9:34:41 AM PDT by USFRIENDINVICTORIA
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To: Palter

We have a winner.


37 posted on 03/31/2010 9:36:58 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: William of Barsoom

in years gone by, the government confiscated the gold as it was hooked to the currency. today, since the currency is no longer connected to gold, the government cannot make that claim. in order for the government to confiscate your gold, they would have to outlaw ownership in certain property... which would be ridiculous.

as for how would you pay for a tank of gas... you wouldn’t use gold. you’d find the metal dealers and exchange a single gold coin for silver coins... and use the silver for commerce

of course, stocking up on common sized ammo would always be a good idea


38 posted on 03/31/2010 9:43:21 AM PDT by sten
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To: TheBattman
I have read several pieces on the gold confiscation EO that you posted the pic of - and I am STILL trying to figure out what legal or Constitutional authority that EO was issued on.

None whatsoever - AND THEY KNEW IT. For a quick overview, see if you can track down a copy of The Incredible Bread Machine.

http://www.amazon.com/Incredible-Bread-Machine-Susan-Brown/dp/0378039822/ref=sr_1_2?ie=UTF8&s=books&qid=1270053770&sr=1-2

39 posted on 03/31/2010 9:43:32 AM PDT by nina0113
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To: nina0113
None of my reloading manuals has data for silver bullets.

I guess we're on our own working up loads.

40 posted on 03/31/2010 9:44:42 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: William of Barsoom

Buy what the wealthy buy - “Collector Coins” and not bullion, maple leafs, or Krugerrands.

ST. Gaudin (Spelling?) are (or were) protected in earlier seizure of gold.


41 posted on 03/31/2010 9:45:30 AM PDT by jongaltsr (It)
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To: ArrogantBustard

Musket balls!

I went to Hunter Safety Class last fall, and they brought in a bunch of replica black-powder guns (we didn’t get to shoot them, just look at them). I just loved the wheel-lock - it’s like a Zippo that shoots.


42 posted on 03/31/2010 9:48:08 AM PDT by nina0113
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To: William of Barsoom

Well, son, in thess pahrts, we all done buried it in ouhr back yahds after the wahr.


43 posted on 03/31/2010 9:51:13 AM PDT by MrChips (MrChips)
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To: DCBryan1

“buy lots of lead...”

Can be bartered for gold.


44 posted on 03/31/2010 9:52:11 AM PDT by GGpaX4DumpedTea (I am a tea party descendant - steeped in the Constitutional legacy handed down by the Founders)
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To: William of Barsoom

Rahm Emanuel didn’t say “Stroke of the pen...” It was Paul Begala, pro-abortion Catholic in the Clinton administration.


45 posted on 03/31/2010 9:52:19 AM PDT by Arthur McGowan (In Edward Kennedy's America, federal funding of brothels is a right, not a privilege.)
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To: William of Barsoom

Rahm Emanuel didn’t say “Stroke of the pen...” It was Paul Begala, pro-abortion Catholic in the Clinton administration.


46 posted on 03/31/2010 9:52:29 AM PDT by Arthur McGowan (In Edward Kennedy's America, federal funding of brothels is a right, not a privilege.)
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To: goseminoles

Wishing something would go away has not historically worked out well.

Preparation for the obvious is a more intelligent response.


47 posted on 03/31/2010 9:54:54 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Arthur McGowan

Thank you. I stand corrected. I knew it was then, but confused the “who” of it.


48 posted on 03/31/2010 9:56:07 AM PDT by William of Barsoom (In Omnia, Paratus)
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To: ArrogantBustard

“None of my reloading manuals has data for silver bullets.

I guess we’re on our own working up loads.”

Watch a Lone Ranger movie and see if his gun bellows out smoke. You would know then if he used black powder. I’d nearly top off a case with Goex FFF and press the silver bullet in to the crimping groove.


49 posted on 03/31/2010 9:58:48 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: MrChips
Well, son, in thess pahrts, we all done buried it in ouhr back yahds after the wahr.

During, surely, so's the bluebellies wouldn't steal it.

50 posted on 03/31/2010 10:03:43 AM PDT by nina0113
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