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To: RC2
That’s one of my greatest fears about gold. If this happens, the only place to cash in the gold will be out of this country.

Buy gold in Canada and put it in safe deposit box

Gold was not taken or seized except in some very rare instances
Citizens were told to turn in their gold for $20 worth of paper and since gold was worth $20/oz it seemed like an OK deal
Many did not turn in their gold and it was just passed down to heirs...
Maybe a lot was smuggled to Canada were gold was never made illegal for private citizens

So go invest in silver bars. 10oz and one oz are very good
Go buy 90% silver coins. There is a big market in them

The strategy is to spend your silver during the chaos. 
It is less conspicuous.
You don't spend gold because of risk of home invasion when word gets out about Mr MoneyBags in the house on the hill

You only take out your gold when the dust settles....This kind of thinking is independent of any gold confiscation

41 posted on 09/20/2009 10:07:24 AM PDT by dennisw (Free Republic is an island in a sea of zombies)
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To: dennisw

I certainly agree about silver vs gold. Who, in a crisis, is going to swap anything for a gold maple leaf? But a sizable cache of silver coins of various denominations, “bag silver” coins, would have intrinsic value AND flexible barter capabilities. Many also believe silver to have a strong likelihood of greater increase in value over time compared to gold.

But ultimately, food, water, fuel, medical supplies, batteries, etc - and bullets to defend them - will be the only currency in an extreme and prolonged breakdown of civil order: which I believe the powers-that-be are purposefully arranging for us.

And another point: when the US goes, where could we flee that would offer anything different than the totalitarian system they would set up here? This is a plan for GLOBAL domination, and they would tolerate no safe havens for Yanks, or anyone else, anywhere on the planet.


49 posted on 09/20/2009 10:53:57 AM PDT by dagogo redux (I never met a Dem yet who didn't understand a slap in the face, or a slug from a .45)
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