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Discussion Starter · #1 ·
For all you gold buyers: Do you ever worry that when the SHTF and the economy goes to hell that the federal government may outlaw private ownership of gold, like FDR did in 1933 with EO 6102? The reason used at the time was the hoarding gold was causing the economy to stagnate. I can see the government doing this when things inevitably blow up. Hoarding gold will not be the real reason things get bad, but since when has government acted rationally?
 

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Live Secret, Live Happy
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For all you gold buyers: Do you ever worry that when the SHTF and the economy goes to hell that the federal government may outlaw private ownership of gold, like FDR did in 1933 with EO 6102? The reason used at the time was the hoarding gold was causing the economy to stagnate. I can see the government doing this when things inevitably blow up. Hoarding gold will not be the real reason things get bad, but since when has government acted rationally?
No, not really. Unlike the 1930s, the average person does not own any gold. Only Governments, Banks, and Rich people do.

I agree with your assessment of our government. They have acted to steal from the average person many times. Inflating the dollar is an everyday example. I worry far more about the Gov taking everyone's IRA and 401k accounts more than precious metals. Because thats where the money is.
 

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Nope.
 

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Not so worried about the actual confiscation of gold, but it is concerning that such an attempt would make it more difficult to liquidate gold holdings. Legitimate buyers would dry up and you'd have to sell on the black market.
 

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Discussion Starter · #7 ·
No, not really. Unlike the 1930s, the average person does not own any gold. Only Governments, Banks, and Rich people do.
The mantra of this administration seems to be like that of the Obama era: Punish the successful. I can see them doing it for no other reason than to harm people who have been prudent and trying to preserve their wealth.
I worry far more about the Gov taking everyone's IRA and 401k accounts more than precious metals. Because thats where the money is.
I am also afraid of this. There's $trillions in IRAs and 401(k) plans, something our politicians are keenly aware of. But, with the exception of gold IRAs, most retirement funds are invested in the stock market, bonds or treasuries. All in U.S. dollars. If the U.S. dollar turns to dust - which I'm convinced will happen - the IRAs will be worth nothing to the government.
I'll be sure to turn all mine over.:rolleyes:
I read somewhere that the rate of compliance during the 1933 confiscation was less than 30%. People just sat on their gold, which I'm sure would happen again.
 

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For all you gold buyers: Do you ever worry that when the SHTF and the economy goes to hell that the federal government may outlaw private ownership of gold, like FDR did in 1933 with EO 6102? The reason used at the time was the hoarding gold was causing the economy to stagnate. I can see the government doing this when things inevitably blow up. Hoarding gold will not be the real reason things get bad, but since when has government acted rationally?
they increased the value of gold right after
 

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Not so worried about the actual confiscation of gold, but it is concerning that such an attempt would make it more difficult to liquidate gold holdings. Legitimate buyers would dry up and you'd have to sell on the black market.
i find that hard to believe. anyone who s buying gold knows the value in owning it. i doubt that you would have trouble liquidating it to a legitimate buyer
 

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Physical ownership of PMs will be banned along with cash and draconian penalties for being caught with even a small amount will be instated just like with the "war on drugs". PM and Cash holders will be vilified as domestic terrorists by politicians and the media. I fully expect them to attempt the same thing with crypto unless some major changes come in policy. Given China is anti-crypto, and would love to stockpile a ton of gold, this administration, being completely beholden to China, will absolutely give them whatever they want.

Of course there's always the black market, and black markets thrive under prohibition, so I suspect PMs will still have street value.
 

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I worry far more about the Gov taking everyone's IRA and 401k accounts more than precious metals. Because thats where the money is.
Same, get enough socialists in and it will happen. Not fair, share the wealth and all that BS.

Recent chatter is that the Fed will start buying equities. Once they start buying stock, it's game over.
 

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Same, get enough socialists in and it will happen. Not fair, share the wealth and all that BS.

Recent chatter is that the Fed will start buying equities. Once they start buying stock, it's game over.
The Fed stepped in and started buying up toxic debt in 2008. The recent chatter is the Fed will start tappering off their support of the US and European Stock Market.
 

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That is why you buy gold with the worthless FRNs in person, with no traceable paper work back to yourself, same with silver. they can't take what they don't know you process. Same as with firearms maybe a couple on the books with the bulk off the record , you'll still need a reason for all the gear you get from the net.
 

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If SHTF and the economy collapses, I'll care even less what the federal government requests of me than I do now.

Thanks to Biden, the American people are becoming accustomed to ignoring orders from the White House.
Bingo.


I'm not in the military, nor part of his staff. His orders aren't worth the air he tainted to speak them.
 

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Discussion Starter · #18 ·
Look how many of those early gold coin are still in circulation. Not many people complied with that law. Thanks to Biden, the American people are becoming accustomed to ignoring orders from the White House.
As I said earlier, about two-thirds of people in the 30s held onto their gold. Trust in government is now lower than it was then. Hopefully these tyrants in Washington would know enough to not try it, but I don't put anything past them.
 

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For all you gold buyers: Do you ever worry that when the SHTF and the economy goes to hell that the federal government may outlaw private ownership of gold, like FDR did in 1933 with EO 6102? The reason used at the time was the hoarding gold was causing the economy to stagnate. I can see the government doing this when things inevitably blow up. Hoarding gold will not be the real reason things get bad, but since when has government acted rationally?
An old saying: "What they don't know won't hurt 'em." Another old saying: "Possession is 9/10s of the law." And another one: "Theft is illegal." What's mine isn't yours. And NO MAN is above the law regardless of his title. Our Constitution was drawn up to protect the common man from all the King George's of the world.
 

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That is why you buy gold with the worthless FRNs in person, with no traceable paper work back to yourself, same with silver. they can't take what they don't know you process. Same as with firearms maybe a couple on the books with the bulk off the record , you'll still need a reason for all the gear you get from the net.
Pawn shops, private sellers, etc. What some dingleberry elitist doesn't know won't make him any less of a dingleberry.
 
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