Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: dennisw
Banks can't exist without deposits. Keeping money in a mattress is preferable to being financially bled to death with negative rates. Central bankers are well aware of this and are already prepositioning policies and taking steps to prevent the coming exodus. Outlawing large denominational physical cash and large cash transactions will be used to financially imprison the public while the negative interest rates simultaneously pick their pocket.

Or you can buy physical gold and keep it in your safe or a bank's safety deposit box.

5 posted on 02/23/2016 11:58:19 AM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Pontiac

Until they come get it.


9 posted on 02/23/2016 12:00:52 PM PST by Resolute Conservative
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac

Do not keep anything in a bank deposit box that you don’t want the government to have.


12 posted on 02/23/2016 12:06:28 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac
Or you can buy physical gold and keep it in your safe or a bank's safety deposit box.

Why would you trust a bank with your gold if you can't trust them with cash?

Just sayin.

22 posted on 02/23/2016 12:34:02 PM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac

Chase does not allow you to store gold or cash in a safe deposit box.


23 posted on 02/23/2016 12:40:46 PM PST by Ken H
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac
Or you can buy physical gold and keep it in your safe or a bank's safety deposit box.

Fixed. If you don't have physical possession, you don't own it. Banks have been known to confiscate the contents of "safety" deposit boxes.

28 posted on 02/23/2016 1:05:24 PM PST by Disambiguator
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac; SkyDancer; unixfox

It isn’t as if gold wasn’t once stolen by the FedGov.

https://en.wikipedia.org/wiki/Executive_Order_6102

Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States”. The effect of the order, in conjunction with the statute under which it was issued, was to criminalize the possession of monetary gold by any individual, partnership, association or corporation.

Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (consumer price index, adjusted value of $378 today[4]) per troy ounce.

The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($640 today[4]). The resulting profit that the government realized funded the Exchange Stabilization Fund established by the Gold Reserve Act in 1934.


32 posted on 02/23/2016 1:50:10 PM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac

Can you eat gold? Shoot it? Drink it? Is it good for treating disease or viruses? If the answer is no, then it’s not worth anything.


37 posted on 02/23/2016 2:50:12 PM PST by Bulwyf
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Pontiac; All
Or you can buy physical gold and keep it in your safe or a bank's safety deposit box.

I do NOT recommend the safety deposit box. The last time the Gov. made gold illegal, they froze the bank boxes until they could go thru them and take the gold.

62 posted on 02/25/2016 6:31:00 AM PST by The Bat Lady (God made the cat in order to give man the pleasure of petting the tiger. Unknown)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson