Can Gold Confiscation Happen Again?

A common question I get is "Can gold or silver confiscation happen again?"

my answer is no - mainly because it wouldnt serve any other purpose than devaluaing the dollar.

Category:

News & Politics

Tags:

• gold confiscation
• silver confiscation

[jvforever72]

once again , it proves my point , the people that have he food , made the people that don't , feel like somehow gold is worth something .

it' no surprise your example comes from a nation so far in the past , they still think Pericles is walking around , they are easily manipulated .

If you offered them magic pixie dust in exchange for food , well , you know the answer to that one . JV

[stellaconcepts]

you said "how many times do i have to say it , gold is worthless , when someone needs food , they aren't thinking they need gold ."

I proved you wrong with a real life example and you start talking about pixie dust?

If you're not prepared to admit your wrong - thats fine - but dont tell me proving you wrong somehow proves your point.

Gold is a currency of last resort. Proven throughout history time and time again. Gold feeds people.

[jvforever72]

how many times do i have to say it , gold is worthless , when someone needs food , they aren't thinking they need gold .

the gold standard is dead , that was in a time when people were impressed with it's shiny color .

gold looks good , wow , and it has admirable conduction properties ( it even loses on that front with the advent of wireless electrical distribution ) , but if i'm out in the desert for 30 days and i haven't eaten or drank liquids , i'm not looking for gold .JV

[stellaconcepts]

you couldnt be more from the truth - where there is no currency, gold is the thing that is keeping people alive. do a search on youtube for "zimbabwe gold for food"

gold is literraly keeping these people alive!

so no - you cant eat gold - but its universally accepted for food.

and as for being in a desert starving and gold not being able to help you... well thats like saying your seatbelt wont save you if you drive off a cliff... does that mean you shouldnt wear a seatbelt?

[Stealth0031]

Good vid and argument, but remember logic has not been used thus far in the Obama admin.

I agree with you. Still I would not be surprised. You???

All the best,

William

[stellaconcepts]

gotta be willing to roll with the punches thats for sure

[Decebal825]

funny that i tried to visit ainslie Bullion company to make in enquiry i haven't been there for a while.

before i can enter they informed me because of NEW legislation i an required to provide FULL PHOTO ID upon entry.

if i was paranoid i would swear the goverment wants to gather a list of all the people who make purchases maybe so they know whom to confiscate from.

[BlackJeb09]

If they try to take my gold or silver they're going to get lead!

[an0m0nus]

@jvforever72 your right but but if all your wealth is stored in paper money, it can be wiped out by the whim or folly of central banker's and if its deposited a run on the banks. precious metals & jewels, may not be hugely useful during bad economic times. but allow you retain wealth through a period's of inflation & hyper inflation, becoming useful afterwards.

combined with other resources goods and tool's, can such metals can provide insurance if the unthinkable does happen.

[jvforever72]

Just one last thing, gold looks nice, but it's perceived value is inflated, but don't get me wrong, there is gold in them there hills ( i hope it gets hyped up to 2000 like i think it will in the next year ), it just won't do you a lick of beans when it comes to genuine survival , or maybe it can if you know how to manipulate it properly, in various scenarios

[jvforever72]

In your example , in certain societies gold is putting food on the table but only because the agreement between the two parties, gold's worth comes from the acceptance of it's value, inherent or perceived, as does any commodity.

my main point is that, gold is not a savior of sorts for a total collapse of a monetary/societal system. The greeks, romans, spaniards, french, all had a contingent that thought it would shield them from change, we all know how that turned out.

[jvforever72]

@an0m0nus

Human resources and the ability to adapt to any environment is the real gold and palladium of the equation. It's what a person can do with their surroundings to survive that will distinguish the ones who will survive a trying time and the ones who will falter.

I agree that gold has value, as does palladium and the other precious metals, they are universally recognizable and enduring elements but they will not save someone if a collapse of the economic system transpires

[an0m0nus]

@jvforever72 the paper our moneys printed on is the pixie dust.. that's the thing people have be told is valuable whilst its worthless, its only granted value in people eye's by the force of the law, almost all fiat currency's are being devalued by the printing press no government can resist the urge, look at any central bank. all fiat currency's have failed, it might not happen again, but I'm gunna hedge against it.

[an0m0nus]

@jvforever72 value is subjective it it is placed on object's buy humans. people have valued gold from isolated disconnected civilisations since the dawn of civilisation to say its worthless seem's hasty, foolish even. its one of history's most universally valued commodity's.

people value gold for many properties, its permanences, it's almost totally immune to decay, it's scarcity combined with the fact cannot be created buy man nor easily faked. gold cannot be hyper-inflated paper can...

[mydogjesus]

@jvforever72 your comments about how "gold is worthless" and that "the gold standard is dead, that was a time when were impressed with it's shiny color" are the most asinine and absurd things I've ever heard said about economics. Are you a 13 year old? You should go eat your dinner now, mommy is calling you. Jesus... are there really everyday people in the world with your level of comprehension? God help us.

[ytgv3fc7]

"at that point they could outlaw gold and confiscate so they can bring some Legitimacy to any new currency they come up with. "

if by "could" you mean "did" and if by "outlaw" you mean "still on the books" then maybe your statement would be a little more accurate.

[sang3Eta]

It's already happening in the US and UK hence all the "post in your gold" TV adverts that pay below market price!!!!