USA To Confiscate Gold? - Mike Maloney at Silver Summit Asia (Invest)

[contentlocked99]

im gonna start saving working a construction job, and as soon as i get like 10k im gonna invest in precious metals...

[petechef27nj]

they sold us into debt and now with patroit act  come and get me if you can

[preparadox]

I read that they were "fully reimbursed" at about 10 cents on the dollar of its value.

[DocWog]

Demand and supply is an economic model of price determination in a market.

Silver and gold is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.

[mtofas]

I don't think that they'll confiscate the gold..... what could you cash it in for? How would you assign a value to what you would barter it for? I think that those with the gold will be stuck with it the same way that everyone else will be stuck and unable to function..... Let us all notice that an age old scam has been underway and agree to cease cooperating with that rather than now place gold owners in the position of the power holders of the scam.... Damn it!

[MORCOPOLO0817]

Roosevelt's administration bought gold from people below value.

[nathansensation5]

id hide my precious metals before i would let the government take any of it

[Ditosev78]

Yes they will!! Hyperinflation is certainly on it's way and he just said that the only time they would confiscate is during or in the midst of hyperinflation. I mean hell you have to register all your details just to purchase Silver.. they got all your details, they can track you and take it!

[YiuTeub]

@Ditosev78 Tell the government you heard they were confiscating so you decided to give it to a bum instead. Hide it and tell them to find the bum.

[pheromoneaction]

Really enjoyed you video informative. When you have time come visit my channel!

[NoIDidunt10]

The US government has already stopped production of silver and gold coins.That tells me they don't want citizens to be able to own much.The US is near the bottom in gold and silver holdings of any westernized nation.If push comes to shove,they will want to take what you have.

[MrDorkusMaximus]

I usually agree with Maloney, but I have seen him consistently mis-state the reality of that historic event, with regard to FDR's confiscation of gold in the 1930's. FDR did not "request" that people exchange their gold for fiat FRNs. If you didn't do it, government goons would put you in prison if you didn't comply with FDR's "Presidential Directive". If you don't have a choice, it is confiscation, even if you get fiat FRN notes, (paper money), in exchange. "Real money" was stolen.

[tensforme]

By your own admission, "anything" can be confiscated by the govt.

[ARBuilder1776]

I love the PATRIOT Act reference. The guy next to you was like WTH?

They may not confiscate it but they sure as hell will tax the sale of gold and silver. The .Gov always gets their share one way or another. I can see DHS now, if you own gold or silver your a terrorist and support Al-Qaeda.

[deltaalpha21074]

Total bs confiscation get a freakin shovel and bury the SH## like a Pirate ARRRRH MATIE ..seriously if I had BULLION l like say it like> ANTWAN BUUUUYON take a damn shovel and dig a hole nice thing about gold and silver one can just bury it deeper the safer...

[craigjones3333]

Yea what happens if the value of gold is $2000 oz and they confiscate and say they will only give you $200?

[gonicjon]

soundslike he's "been told" to minimize what the banking act of 1933 was about. sounds like he's watering it down. see wikipedia. i noticed that after the the govt guarenteed the money and the banks reopened the american people brought back half of what they had "squirreled away", and then a few days later the stock market reopened after an extended closure and had the largest one day percentage price increase ever. looks like the banks put everybodys money back in the market, sound familiar QE2

[silverexplosion]

no, the people will hide it

[turborewind]

In twenty two years when I will retire I wonder what the value of my 8046 oz's of silver will be worth compared to what the guberment promised to refund me for all the years they whittled away at my paycheck?If silver is worthless then,well I guess I just made a bad investment.Thats the chance ya take in the world.But I bet I could hammer them out and make some fine fishing lures to sell and recoup my money.

[guashuco]

silly question

when buying gold should i get a receipt?

[acuriousbeast]

take the money or go to jail. I believe that is called coercion. Thank you Spin meister for setting my dumb ass straight. At least he's semi-honest about the hyperinflation scenario.

You can read his face and body language and see he doesn't even believe his own spiel. What a schill!

Will they take it, sure. Rather than using Roosevelt's method it will be something like it's a strategic material and we're being invaded by aliens and they need it for radiation shielding or some other BS.

[whygoldandsilver]

Hi folks, do you think that the USA will try and nationailse gold again? Answers below thanks!

[mrwhispers]

@whygoldandsilver - truthsquad. tv/?p=586 = Gold/silver buying soon to be illegal.

[canto896]

@Tronman63

There is a risk that all the western governments should adopt Roosevelt's Gold Confiscation Act as they cannot imagine any other solution to save the state's budget from bankruptcy without increasing taxes, which would prevent all the impoverished middle class consumers from buying anything, an economic collective suicide .

Before our currencies are worth nothing, historians should remind us of the Weimar Republic's hyperinflation which unfortunately led to Hitler's election

[canto896]

@Tronman63

As our politicians have to get their own food somewhere and as Monsanto and all transgenic seeds are forbidden in our country thanks to ecologist ministers, there is no risk any piece of land should be confiscated . Moreover, our garden is collective, four families live on it and our vegetables are not grown to be sold but consumed in private by my neighbours and me .

[stockman1963]

May be some one can make a catalyst out of silver to help with energy use reduction

Taxes on sales over $600.0 Gold cost too much to sell off below tax tracking limit. Also to gold to silver ratio will put it into $400.0 range if it evens out. Metals can be used to cover against inflation. Not fear but investment move

[canto896]

Buying gold is not the solution as Roosevelt's Gold Confiscation Act ( 5 April 1933) allowing the US government to confiscate all the gold privately owned by the American citizens in order to save the Nation from bankruptcy can still be used .The term is confiscation, not nationalization .In case of hyperinflation, neighbours should buy a piece of non constructible land and spend weekends growing vegetables, fruit-trees, feed poultry for survival.

[Tronman63]

@canto896 Didn't you hear they are passing a law to outlaw growing food in your own garden, and if even one Mosanto seed blown by the wind ends on your property and takes root your land would be confiscated.

[rklemaster]

The government has switched from confiscating your gold to confiscating your profits from gold with the 28% capitol gains tax.

[jhunted7667]

the speaker is crazy for his final statement where he says take the paper you made your gain on the metal , why should I take worthless paper when the metal has the real value, tell you what , they try to force the american people to give up their Gold the american people will give them hot lead instead , they will get it faster and it will warm the blood

[mbtrader67]

@jhunted7667 he is not saying to take your paper, he said take your gains where as if a situation of hyperinflation does occur it would be a new form of currency in play not paper. For instance look at what is happening in Zimbabwe, they are only taking gold and silver and bartering goods of value not the useless paper. Also, there are way to many people in America with guns who ain't givin up their gold or silver, please , that scenario will never play out.

[mbtrader67]

@jhunted7667 he is not saying to take paper, he is saying take your gains where as if a situation of hyperinflation does occur it would be a new form of value in something like land, other tangible instead of paper. For instance look at what is happening in Zimbabwe, they are only taking gold and silver and bartering goods of value not the useless paper. Also, there are way to many people in America with guns who ain't givin up their gold or silver, please , that scenario will never play out.

[whygoldandsilver]

@mbtrader67 So true. I met a funny bloke called Nolan at one of Mike's seminar's who showed me a picture of his letterbox. It is 400m from his house, and it has a sticker on it: If You Can Read This...You're In Range

[blabblab1212]

Oh yeah, I left out "worry", the most important thing........

[blabblab1212]

Fear is the enemy and everyone is scared. Scared people are easier to control. Do not give in to fear. Keep a level head and an open mind. The truth is: you don't know what is going to happen. What happens, happens. You can't predict the future no matter how hard you try. 1,2,3,4 Sha, La, La-La-La-La Live for today and don't about tomorrow, hey, hey, hey, hey, hey...........................­................

[whygoldandsilver]

@blabblab1212 I get what you are saying. But there are certain historical cycles that seem to repeat over and over again. We can't predict the small events, but the big picture is becoming clearer to more and more people every day. Thanks, Dan

[howtogetwell]

@blabblab1212 No animal that lives for today will live long!!!!!!!!!!!

[blabblab1212]

@howtogetwell And no animal that thinks they have all the bases covered will live long.........

[universalmusac]

But if the dollars are worthless and people are offering 15K for gold, but that 15K is useless, where does the transfer happen?

[TheCashistrash]

@universalmusac Well lets say you have a 100k mortgage and buy 50k in gold. 5 years later the dollar is worth half what it is now so gold doubles. You sell your gold at 100k and pay off your mortgage. Makes sense? Everyone else that had that 50K dollars in cash will only have 25K dollars in real purchasing power while you still have that 50K in real purchasing power and paid that old fixed loan with the devalued dollars. That is how you get rich from inflation.

[universalmusac]

@TheCashistrash Gold prices aren't directly related to the dollar. So the thought that gold doubles as the dollar inflates isn't sound. Plus you need someone to buy your gold, who is going to buy it? If times are tough NO ONE will be buying gold, more necessities. The only way to make money buying gold is to sell it to someone else for more than you bought it. Gold could go up to 80s levels ($2000 after inflation), but then you should sell before then at some point, not wait.

[TheCashistrash]

@universalmusac You realize gold is MONEY right? The paper you carry in pocket is all it is paper. I much rather carry a Gold coin in my pocket than $1300 in paper. Hey if you have any gold and don't want it I buy it off you at 20% below spot price.

[universalmusac]

@TheCashistrash Gold is a commodity, you make money buying low and selling high. I would buy anything off someone for 20% below its CURRENT value because you can sell it at its CURRENT value and make 20%. Gold is a precious metal, not money, gold can be transferred into money but it is not inherently money. If you go to pay someone in gold for their product or services they won't be able to accept it because it isn't currency.

[tmaxxmm541]

@universalmusac what are you talking about? gold is the real money? a usd is just an idea with the illusion of value i wish i could get paid gold every week for work instead of paper that isnt worth anything. anyways i put every paycheck i have into silver and double my money every couple months but thats not smart i guess?

[universalmusac]

@tmaxxmm541 Double your money you say? Well how do you calculate the fact that you have doubled it? USD. You haven't made any money because you still own a commodity. You will only make money when you sell and you better pray that you don't wait too long because once people sell it off, it will plummet. You will only be able to sell it for that worthless USD...

[Relik872]

@universalmusac The dollar could be considered a commodity too, which is intrinsically worthless. You better watch how long you hold the dollar "because once people sell it off, it will plummet."

[tmaxxmm541]

@universalmusac btw im 19 :)

[penguinistas]

I would have to disagree on a few points:

Gold confiscation: Frederick Campbell had 5,000 oz of gold seized and was prosecuted.

And

The "exchange" rate was $20.67 per oz when it was taken. but not a year later, the exchange rate was changed to $35 per oz. An instant 41% gain for FDR, and an instant 41% loss for citizens (pure theft).

Your anti-confiscation argument requires an understanding of economics which Obama does not have. He's an ivory tower academic and does not think straight.

[beabro]

Maloney slipped and said confiscate......which is was!

[jobedied]

The government can make up any scam they want to confiscate gold and silver and will do it in a millie second if so inclined. They can simply say terrorists are going around stealing gold and silver so we are taking it ,will give you a receipt and we will keep it at secure government locations. Then at the right time when everything is set simply say you will be paid in cash for your silver and gold. Do you think for one minute government cannot set and execute any sinister theft operation.

[summer20105707]

The cash for gold scams are just profiteering. They are just meeting a demand. And some of it may be going to China and that should drive the price further up. Anyone who sells their gold now is illadvised.

[summer20105707]

Jcyco7

Get creative. Things like art and antiques hold their values too. :-)

[firebuilder71]

It's already happening. There is a silent gold confiscation in effect right now. All the 'Cash for Gold' scams you see on TV are doing an effective job of removing gold from households all over the country. Where is it all going? Strait to China to pay down our depts.

[gooseCha]

hyperinflation is what we are protecting ourselves from...So to me confiscation sounds like a legit threat because of what he just mentioned. Lets say that i buy 500 dollars worth of gold today. During hyperinflation that price hypothetically rises to 500,000 dollars. Why would I want to cash out to 500,000 dollars when the dollar becomes worthless??? Confiscation is a real threat. You wouldn't be able to sell 500,000 off because no one would sell you anything for a dead currency....

[roger767]

@gooseCha so what do you do with 500000 dollars worth of gold. Move to china?

[gooseCha]

@roger767 The value of the gold in terms of dollars would be irrelevant because it would be dead. The speaker said that before confiscation would happen you would just "Cash In" my response: into what? dollars? no one would want them (dollars). And 500000 dollars worth of gold by then would probably only be worth a couple yen. So ya move to China.

[universalmusac]

@gooseCha The government would make gold used for currency illegal, which would increase the value of the dollar again

[gooseCha]

@universalmusac It is already illegal to use it for currency.

[jcoopercam]

This guy is full of shit! It was a crime not to turn in your gold. Research it....

[prparimbici]

what will happen to gold price vs USD and gold price vs other currencies when US gov. confiscate the gold?

will gold price rise? or people will start dumping thier gold and the price will fall?

what will happed to USD or other currency when they start confiscating gold?

[Diatribe1974]

Nice how he failed to mention a few things of that era in which gold was confiscated, then later repegged at a higher amount than what they "bought" it from the US Citizens. "Give us your gold, we'll pay you 20 bucks an ounce for it." fast forward a few years "Buy your gold back, now at only 32 bucks an ounce!"

[whygoldandsilver]

Do you think that the US will try to nationalise gold again? Answers below please! Dan

[billp4]

I think it's a little more than a "signal to sell." It's a signal to take your physical gold and silver and get away from the big cities.

[jsyc07]

Maybe someone can answer my question - At the end Mike says they may confiscate gold during a hyperinflation but by that time you made your gains and it's time to sell so you would still be ok. Question - sell the gold in return for what?

[billp4]

@jsyc07 Gold would be money but I have heard that you would be able to buy a house with an ounce of gold. That is why you also want silver like pre-65 silver coins to spend as silver would also be money. Really gold and silver have ALWAYS been real money. They have just been trying to find out how long you can run the economy on monopoly money.

[jsyc07]

@billp4 Thanks for the response but I am well aware of what gold and silver are and that paper money will go to zero. The problem I had was he didn't say what he would sell the metals for. Paper currency that is losing value by the minute? Real estate? How many houses do you need? Stocks? Which stocks do you buy in a hyperinflation?

[ronaldvanbell]

@jsyc07 for your question. probably in a return for a new fiat currency, might be the Amero, also carbon currency. But they WILL come with a new fiat currency in some way, that's my belief, so the fraudulent system could keep going.

[gooseCha]

@jsyc07 EXACTLY!! by that point there would be all kinds of laws that the gov would pass in order to discourage you from getting out of your dollars, on top of the fact that no one would want them. So confication is a real threat in my estimation its the only threat

[jsyc07]

@gooseCha The gov't has already started passing those types of laws. Confiscation will only happen if the gov't wants to go back on a gold standard. If they create a new fiat currency they won't have any use for gold just like they have no use for it today.

[penguinistas]

@jsyc07

your question: Question - sell the gold in return for what?

I would say land, other commodities or even just a stable foreign currency.

[hisbeatnik]

@jsyc07

Real-Estate

[7Losses]

@jsyc07 Real Estate, cashflow (not too sure exactly what this cashflow would be, obviously not $500 US per week because $500 probably wouldn't even buy an egg. X amount of gold per month????) positive real estate.

[deanmat]

@jsyc07 I have the exact same question. If the currency is becoming worthless and you can't trade in that currency because no one wants it, what are you selling your gold for? Real Estate?

[jsyc07]

@deanmat Exactly. I don't want to be a landlord and how many houses do I need. Stocks? I am not a stock picker. Foreign currencies that are also losing value? Food? How much food can you store? I think the answer is - we will just have to wait and see what is cheap in relation to the metals at that time. Assuming governments finally do the right thing and don't steal our assets and impoverish us there should be a lot of investment vehicles to invest in a combination of all of the above.

[stowmaker1945]

@jsyc07 real estate

[MONOPOLY35]

@jsyc07 Maloney said in his Gold Silver documentary that when gold suddenly goes vertical/parabolic, it becomes overvalued. Since Real Estate prices will probably be DIRT cheap by then, Maloney says to trade overvalued gold for real estate/land. "As the dollar gets weaker compared to the world's currencies, foreign countries will come in here and buy up this country for dimes on the dollar" -Gerald Celente. I believe Maloney is encouraging gold buyers to take advantage of that event as well.

[jsyc07]

@MONOPOLY35 Thanks for the response. What's going to happen is gold and silver will once again become money and we will be able to spend our metals on undervalued assets. That could be income generating real estate, stocks or businesses. That's all assuming we don't end up with a tyrannical gov't.

[MONOPOLY35]

@jsyc07 I hope that doesn't happen. Hopefully we will have a "peaceful" hyperinflation like Zimbabwe where communities still gather, people resort to panning for gold, and another currency helps stabilize the country. Unfortunately, that probably won't happen to the hyperinflated World's Reserve Currency. I'd rather have the rich evacuate and leave the business instead of enslaving us with FEMA (conspiracy theory). Some people are predicting a North American Union (good today, chaos tomorrow).

[SovereignBeing]

@jsyc07 'assuming we dont end up with a tyrannical govt'! lol what do you think we have now?

[jsyc07]

@SovereignBeing Semi-tyrannical gov't? They still haven't stolen all of our assets.

[DirtyVegas7]

What the hell is he talking about...yes their was a confiscation 0:22 when they order you to turn over your gold in an Executive order under the threat of jail and imprisonment. I WOULDN'T CALL THAT VOLUNTARY. That's why the guy sitting next to him looked at him like he was crazy for even stating it that way. Get your facts straight Mike..I love you buddy but that statement was dead wrong. Read the Executive Order.

[ssaikku]

Good answer from Mike Maloney. Sarcasm? Would be nice to know what David Morgan had to say (the chap sitting on the right). Longer clips please, if possible!

[whygoldandsilver]

@ssaikku your wish is my command! Stay tuned...I just got the ok from Dave to include one of his responses

[Tasadaru]

According to Greenspan, only about 1/3 of the population turned in their gold.

[ChristianArmorOfGod]

To whom did the executive order apply is the question!

[eiffuy]

time to sell into what...

[HealthRanger7]

Great info!

Please be aware, the website link in the text area is not working!

I think you need to take out dvd. out of the URL?!

[longltran]

excellant

[penguinistas]

Confiscating the gold was the governments way of protecting the perceived value of their paper currency regardless how much it hurt the people of America.

If it was such a good deal to have your gold taken in exchange for paper currency then they would not have to hold a gun to the heads of citizens to get them to do it. The American people were robbed.

[penguinistas]

Maloney's wrong, gold was confiscated

Executive Order 6102 - April 5, 1933

Section 2. ALL PERSONS ARE HEREBY REQUIRED to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System ALL GOLD COIN, GOLD BULLION AND GOLD CERTIFICATES now owned by them or coming into their ownership on or before April 28, 1933

Frederick Barber Campbell refused to comply but his 27 gold bars were forcibly confiscated on Sept 16th 1933

[TheBrotherMouzone]

Who is it responding to some of the comments? Is it Michael Maloney himself??

[whygoldandsilver]

@TheBrotherMouzone No no no. Have a look at the channel you'll see who it is =) I work with Mike making clips and films for him.

[itneverrains4me]

An important point that seems to be missed,

If the dollar was to nosedive, and silver prices rocketed, even if silver was to go to $2000 an ounce or more, the dollar would be virtually useless, so who would exchange their silver for $,s of little value,( remember zimbabwe)? you would have to cash them in at $1500 then use the cash to buy the goods you want, or trade the goods you want with silver, that seems a safer option, yep that makes more sense.

[AgrippasNotebook3336]

I can understand his points here, but my big issue is at the end where he says it could only be possible under a situation of hyperinflation...which is exactly what we are headed for. Then again, this is just nit-picking since he's also on top of that with the other answer, to sell as soon as that sort of situation presents itself. ;-)

lol

Thanks!

[Raycheetah]

Also, at the time of the "confiscation," many more Americans possessed gold, since it was the currency of the day (they were also far more trusting of gov't, in those days). Nowadays, only a vanishingly small proportion of Americans have any gold (or silver), which would make a confiscation impractical, relative to its purpose, and certainly not cost-effective for the gov't. =^[.]^=.

[pkimrey]

thanks for the awesome updates, looking foward to the next one.

[SotatoPalad]

1:46 proves the point and then the cough cough.......hyperinflation=con­fiscation

1:38 he mentions 'can not Confiscate this time' which is it Mike?

LoL

[AgrippasNotebook3336]

@SotatoPalad

Yeah, I caught that as well. I've heard the first part of his answer before (about it not being a confiscation, but a calling in of the gold as a patriotic thing to do since the gov't needed it -and people did it because they were more trusting and had lots of nationalistic pride in the country and wanted to "do their part"), so I'm guessing that he was only saying "this time" as a reference to what everyone seems to think of it as/call it. A slip, but not a telling one.

[GuildF40]

Good vid

Fonzed :o)

[drutter]

@GuildF40

Fonzed by me as well :)

[Lexi8888]

Thanks for the good vids. I think we're all really going to appreciate this new channel. 5*****

[connectingdots1]

Althought I own both,I've been told that if I plan to travel abroad and try to enter certain countries with my bullion,some countries may charge duty on my bullion however if my silver and gold is in the form of Gov. minted coins,then they are only looked at as being foreign money with the value on each piece.Since then most of my collecting has turned towards Maple Leafs coins.

however silver is silver and if I had no choice I'd buy either one.

Thanks for the video Mike,Dan &coe.

[whygoldandsilver]

@connectingdots1 Thanks mate, I have a great video to post soon that covers what you are talking about here.

[gallatin001]

Sounds about right to me.

[krazykobe8]

lol David Morgans face is priceless hehehehe.

[whygoldandsilver]

@krazykobe8 Yes Dave Morgan is great. That was the first time I had met him in Singapore, he's a really nice guy. Hard as nails too, he flew in at 2am..got up early for an interview, did the Silver Summit, came out for a late dinner, got up early for a 6am meeting, then jetted off to Hong Kong to do it all again!

[christo930]

As a reserve currency, the US dollar will NEVER go into hyperinflation. It's crazy. Every central bank, every government, every large corporation IN THE WORLD will stop any hyperinflation of the US dollar. Do you honestly believe the coercive power of gov and central banks can't stop it? If the dollar loses reserve currency status then there might be a danger of hyperinflation but until then you can forget about it.

I couldn't even imagine what life would be like in a USD hyperinflation.

[ytgv3fc7]

@christo930 well there's only one way to stop the hyperinflation. It's to take a huge % of US dollars in all systemic ciculation, and terminate their existence, which is going to cost someone very dearly. I think no one will do it.

[christo930]

@ytgv3fc7 There are price and exchange controls that can be exerted by every gov and central bank in the world. Worldwide commerce would grind to a halt and nobody is going to allow that to happen, they will stop at NOTHING to keep the system going. As long as the dollar is the reserve currency, it's not going to go into hyperinflation.

[ytgv3fc7]

@christo930 it's because the dollar is the reserve currency that it WILL go into hyper-inflation and it will hit the entire planet rather than just one nation, due to over-issuance of US dollars relative to all other physical assets one could buy with US dollars. Mathematical CERTAINTY. To stop it more than 25% to 45% of all US dollars in existence would have to cease existing, enough to collapse perhaps 2 nations to $0 value by any currency, or damage all quite a lot.

[christo930]

@ytgv3fc7 Any sort of crash causes massive deflation and would take those dollars right out. If they have a choice between a usd hyperinflation or a crash that destroys 25% of the worlds wealth, you can rest assured they will chose the latter. You have to remember that the world would likely shift and the people in power would no longer be in power and the people in power are the very ones that can stop it. Mathematics doesn't take human behavior or the coercive power of gov into consideration.

[ronpaul2008rocks]

@christo930 Yes. Mike says the government "asked" for you to return your gold -- LOL.. I'm sorry, but it was confiscated. And have a hard time believing that they will not do it again.

[whygoldandsilver]

@ronpaul2008rocks I think what Mike is trying to say is Confiscation = Stealing your gold. Nationalisation = stealing your gold but paying you out in currency.

[ronpaul2008rocks]

@whygoldandsilver OK. I see there is a difference between giving some versus no compensation. But it was not a government "request".

Also, it is certain that there will be an effort to prevent people from owning real money. Fiat currency will soon cease to function if people have a choice between money which holds its value and money which can have its value stolen.

[TheCashistrash]

@whygoldandsilver you are 100% correct confiscation is flat out stealing nationalization is stealing your gold giving you a currency that is loosing its value. Even ETF in gold and silver will be settled in devalued dollars. My recommendation is that when gold skyrockets is to sell the gold before all hell breaks loose and use it to purchase something else that is undervalued im thinking real estate when it bottoms out. It will be a few years when it gets oversold

[recyclecongress]

@whygoldandsilver Darn right confiscation = STEALING! I would surely HATE the job of being some Govt. official trying to confiscate gold from someone like, say, ME! And there are a LOT of those who feel the same way... so BRING IT ON, GOVT! And we'll REMIND you of how personally we take our 2nd Amendment RIGHT!

[ytgv3fc7]

@christo930 mathematics absolutely takes into account the measured coercive power of government, individuals, systemic problems, all of it. The only way to go wrong is to pretend it isn't possible and not use the measurements, which are out there. Crashes are not required to cause massive deflation and massive inflation can indeed be the cause of a crash. There must be restoration or ditching a currency/system but it may still be inflated compared to before the crash. This did happen before

[ytgv3fc7]

@christo930 gold and silver would be used to buy anything and everything world-wide, and oil and any commodity would become like money directly. That's what USD hyperinflation looks like and it IS coming. It MUST come. It's a mathematical certainty. No control over this is possible but it has been attempted. The best they can do is to pretend there's more of something which pretty obviously there is not more of (gold, silver, oil; the Russians were sneaky with palladium so I'd bet there IS more)

[christo930]

@ytgv3fc7 Most people who think they have gold don't actually have it. I heard today that gold and silver are both leveraged 100 to 1 and the people shorting it simply can not make good on their bets if gold / silver were to go way up. Unless you have physical gold/silver, forgetaboutit! But anyway, exchange and price controls as well as other measures can stop it. For one, you are forgetting about the velocity of money and what role that plays in all this.

[whygoldandsilver]

@christo930 Yep if you can't touch it, you don't own it =) Dan

[ytgv3fc7]

@christo930 Well, some people will be fooled but for those who believe in seeing and holding what they buy, the 100:1 leveraging is a wind-fall gain. odds are good online here you'll run into a lot of people that only believe in holding physical who even bother to comment about hyperinflation as I am. There's zero control to stop it. zero. All it takes is "I want a car, here's my gold coin. Deal done" and write up any paper work they like. The velocity of money is fully accounted for here.

[christo930]

@ytgv3fc7 When you buy something with gold you have to pay a gain tax, which is why nobody uses gold as money. You severely underestimate the coercive power of the state. if the dollar began to hyper-inflate the military would be on the streets, there would be exchange and price controls etc all done with the power of gun/courts/prison... Ask anyone who lived through the soviet union or Nazi Germany if the gov is powerless to control the economy.

[ytgv3fc7]

@christo930 no one will pay this tax with a currency collapse and you won't be taxed on certain coins (maybe all of them) and no one will be taxed on a barter. I checked when I did my taxes. It's not sale to cash so unless I buy a house or other large asset using gold, it's clear. Especially if I buy a depreciating asset like a car or other machinery because then its valuation is down and if you did declare it, you declare a loss for credit.

[ytgv3fc7]

@christo930 in this day and age if the national guard (US) goes to the streets people will be shot dead in their uniforms, if all they plan to do is confiscate and rob and loot or worse. Returning soldiers I assure you at least some of them will be doing the shooting, they have no taste for tyranny in their own nation. There's already exchange controls on us$ - 30% capital controls just went into effect in the USA. I TOTALLY understand the "coercive" power of the state. Do you?

[ytgv3fc7]

@christo930 we ARE the economy, not powerless, but ALL OF IT. The power lies ONLY with us. That's why we can make our own guns and shoot to kill to survive.

water/ice around wire made of aluminum + rust + magnesium = thermite grenade, used in a can or a bottle. This will melt tank armour much less body armour. The people can be ready very fucking fast. Unless you're wearing diamond armour you have a problem. We used that to defeat the Nazis too.

[ytgv3fc7]

@christo930 mind you they used more concentrated thermite primarily to destroy the breech/loading of field guns, whereas the ice/water will expand as vapour causing massive fragmentation of hot thermite slag.

[ytgv3fc7]

@christo930 this time when Tyranny comes calling, Tyranny will be cut down like swiss cheese in the streets until they surrender.

[christo930]

@ytgv3fc7 Are you telling me that you honestly believe a bunch of hicks with shotguns are going to stand up to the US military? Anyway, I wasn't saying the military was going to be robbing and looting, I said there would be military on the street ala marshal law. This idea that regular untrained people not working together are going to beat the US military with homemade thermite! The Americans who decide to attack the military would be slaughtered in the streets like dogs.

[ytgv3fc7]

@christo930 in case you hadn't noticed there's some ammo shortages happening. They will do the slaughtering, this time they are ready.

[christo930]

@ytgv3fc7 Again, if you think a bunch of "rebels" are going to beat the US military, you got another thing coming.

[ytgv3fc7]

@christo930 No, I think the US soldiers who turn traitor against their people will be killed fast and first. Period. The "rebels" have more on their side - there are not enough soldiers and ammo to stop the populace. It's a sure win. Swiss cheese in the streets, cut down with AMERICAN MADE IED'S into little chunks of meat. Period. 10000000000000% assured. There's not enough surveillance, police, security and traitors added together to stop it. Not even close. COUNT ON IT.

[D33Lux]

@ytgv3fc7 How about tanks, ships, air strikes, helicopters, fighter jets? God knows what kind of technology the U.S. military really has in secrecy. The only option is Armor piercing ammo & or aim for the head. No head, no one to drive the vehicles or operate weapons. Sniper tactics should be choice.

[buzzz121]

@christo930 1776

[christo930]

@buzzz121 Very big difference.

[D33Lux]

@christo930 I agree, people fail to see the that this is what the U.S. military does...KILL for a living. These assholes have money, technology, training on their side. The most powerful weapon they have is psi-ops & the ability to convince 95% of the population & have them on their side. Lies like "Terrorists" exist, Bin Ladin is responsible for 9/11, Media makes Militia's out to be "Home land terrorists", Convince idiots that gun confiscations are good! We cannot underestimate the enemy.

[christo930]

@D33Lux I don't view the US military as the enemy of the people of the US, more like a dog that isn't behaving and is biting people. We have the power to overthrow the entire (nearly) gov without firing a shot. We are just too stupid to do it.

[gooseCha]

@D33Lux wow well put. The military needs to shrink or else martial law will be considered normal and it wouldn't surprise me that half this country would allow it with open arms. We are such a weak generation. Saddens me how ignorant we have become about everything especially history. TV in my estimation is the worst invention of all time with the worst effects on mankind, breeding ignorance and misplaced trust in the hands of gov ...Orwell was a genius.

[donniebrasco24]

time to sell into what?

[donniebrasco24]

what the hell ever happened to the USA? when did it happen? we are a bunch of cowards for letting it happen

[silverfuturist]

Excellent answer. Yes, it was gold nationalization in the 30s, not confiscation. I like his though process on possible future scenarios.

[whygoldandsilver]

@silverfuturist Thanks Joe, yes it's such a misunderstood topic. I have Mike answering this question a few times but this is a particularly succint answer.