But they still can track your purchases, unless you only pay in cash. But that only works with smaller amounts over longer period. What if you just started buying, and needed to catch up? Another question What about silver?
@reesej123 Russell I am expecting at some point in time towards the middle of 2021, to receive a settlement. I assume I will have to put that settlement into one bank. Then I will go from there?
How many times do you need to be told..... storing your gold in your gun cases will be a double blow in these type of accidents. 😂 .sorry for your loss
Darn! The government should put out a public service message to not to take your gold out on a boat-- for your safety. I wonder how many poor people lost all their gold in the last hurricane in Florida.
All US fighter pilots have 1 Oz of gold in their survival kit, because if they crash, Gold can be used to barter in every country of the world. Gold is the ultimate world reserve currency.
EB is a younger peter Schiff lol. He’s angry, goes on intelligent tangents and knows his stuff lol. More interviews with EB. Just have him on for an hour. I’d watch every second lol.
San Diego then pay attention to kitco news. He’s been bang on with every prediction and you have miss understood his forecast. He clearly said 2500 by the end of the year. I don’t know where you are hearing him Say anything about the fall. Read his book. Everything he’s said isn’t just made up outta no where. He’s not the only person saying gov is doing shady stuff. Google EB TUCKER KITCO NEWS and rewatch his older interviews.
@@paulsawczyc5019 Assisted along with federal agents ,you could not remove any coin or cash since safety deposit boxes are not insured. Same is true today.
@@paulsawczyc5019 And that is what they will do AGAIN. You go to the bank and get you "safe deposit box" and there WILL be a government agent standing right there and they WILL take it. Period. Moral of the story, DON'T KEEP IT IN THE BANK, PAY CASH AT A REPUTABLE COIN DEALER AND DON'T TELL ANYONE YOU HAVE IT.
I disagree!!! In the 1920's everyone had gold because it was everyday money. Today, less then 1% of people own gold (money) but the gold is not legal tender. If the government wants to confiscate gold, they will go after the Comex (who has very little) and the big banks. It's too much trouble to go after "less then 1%".
Like he says in the video, they don't have t go after you, just tax it. In a crisis when govt. get really desperate for funds, they will be taxing everything left and right. Why not tax gold. It won't even cause major backlash. Only 1% own it.
Why not? If it can happen in US, where people have guns why not India? Don't even speak of the other countries you mention. They already have much greater control over people
Everybody thinks that until the Gold squad shows up at your door and searches your house without your permission...... don't think it can happen? They already have gun squads where if you get I. Trouble with the law and somebody mentions firearms or if they are registered, they show up and confiscate all of them and then it's more then difficult to get them back.... happened to someone I've known for more then s decade and it was last year this happened.
@DarkAngelusV I live in a blue state and their whole motto is to take your rights and freedoms away from you. This is not what God ever intended when he created America, if you look up the visions given to George Washington it's incredible that God had given him glimpses of the future including 3 world wars..... Satan's job is to do the opposite of God's will and are we not seeing that today in every single Blue State? In Washington at the memorial 100k+ people gathered including the Vice President to give thanks and prayer to God, only place you'll see that is on RUclips but there was no violence! Just Americans gathered together to pray for our Country. Quite the opposite of What Democrats want! KAMALA herself called for violence now and after the elections.... 2 different messages.
He forgot to mention his grandfather didn't want ten years and a ten thousand dollar fine. They strong armed people into giving it up like mobster thugs..
The Vietnam war was a big reason why Nixon went off the gold standard in the first place. He would have had to raise the price of gold dramatically idk why he didn’t want to do that
There is no amount of gold or any other limited asset that can back a *FIAT* currency. They will just print more. I have no problem with fiat currency... I have a problem with _PAYING INTEREST_ on money that is brought into existence with a few clicks on a keyboard!
it was not "confiscation", government did not take away the private property by force. they paid for it then raised the price of gold but they like to use the confiscation term because it tends to intimidate and discourage the new buyers. notice they never talk about the confiscation of the ton of money people have made in stock markets in the last 20 years with the help of the federal reserve money printing machine. why? because many of the legislators and government officials are benefiting themselves from it such as sen. feinstein and her husband. why does the stock market sets a new record on the same day that historically high unemployment numbers are announced? government should confiscate the stock market profits first or face getting confiscated
I've heard lots about expert Miss Sarah and how her trade have been helping lots of beginners here in Vietnam, I'm a little bit surprised someone mentioned and recommended her Their trades are awesome
There was a wave of socialism in the world back then, Germany, Italy, Russia, The US. All different flavors of the same thing. We just got to write the history books. Why did we take so long to get into WWII?...We waited for everyone else to wear themselves out and then came in and overwhelmed them becoming hero's in the process. We just got a bit surprised by the Soviet Unions build up. If we knew how strong they would have become we likely would not have helped them as much. Patton knew, he wanted to draft the remains of the German army after they surrendered and keep pushing East all the way back to Russia. He would have done it to. But, we ended up with 40 years of a cold war instead with a few real touch and go moments in the 60's. We just outspent them till they folded trying to keep up with us. Thing is we spent too much keeping the rest of the chickens in the pen and are stressed ourselves now. Not as bad as China but the next few years may be a new beginning and the end of the post depression/war era model. Europe is in trouble, China is unsustainable, Japan is shrinking fast, and Africa is a flat out mess as is South America. Next major powers may be India, something Islamic if they can stop their infighting and build another Ottoman Empire, and maybe Israel if they survive the build up of the same empire.
@@shadowcat3163 FDR was waiting for the right moment to get us in. He provoked the Japanese with the oil embargo and knew the Japanese would attack Pearl Harbor and allowed it to happen, sacrificing 2,000 American lives to sway American opinion to back the war and we became the superpower. We had a good 2 or 3 decades before we lost our prosperity and became a debtor nation fighting the cold war.
But US history books indoctrinate us that FDR's New Deal saved the country. If they read Benjamin Roth's diary of the Great Depression, they'll learn otherwise.
This would never happen again. The fact it already happened has made the gold community wiser and stronger. In a way the govt has shot themselves in the foot. If they tried to pull this off again, they would rip the country apart.
First social security cuts and Medicare coverage reduced will tear the country apart, and THEN gold confiscation. These political weasels are in panic mode and desperate to try anything. One important point: some people said that an Executive Order would not be legal under the Constitution. Beijing Beiden could not sign one for gold confiscation - the power players in the PM markets wouldn't stand for it.
15 minute cities, with electric cars + kills switches. Try and move your gold when the WHO calls a climate change pandemic and you are in lockdown. When the people rise up, things will change, otherwise good luck.
1. Bitcoin 'is' anonymous, it's only the KYC/AML gateway services that make it not so. So don't use them. 2. 'Gold is the only asset that isn't another person's liability', not so, Bitcoin is exactly the same. '$100 is breakfast in LasVegas', you must eat really well my friend if that's the cheapest breakfast you can find. Last time I was there, 20 bucks did the trick.
Learned something new about the confiscation history. Did the American benefit or lose from the confiscation policy in general? Who were the winners? Who were the losers?
Just like they will try to take it, they will raise the price after they get it, and give you a peice of paper that is way under value of time you gave it up. They will make money on it several times
Government doesn't have authority to do anything, no one has voluntarily contracted with them. What they do have is the power to do things, they have the overwhelming violence to crush any resistance.
The government had a penalty also, $10,000 dollars and 10 years in prison! Gold could not be used inside the US so most thought they had to turn it in,,,
Only buy gold if: 1. You can do so in person 2. The seller accepts cash 3. The seller does not require ID 4. You are able to safely hide it on your own property If even one of these four conditions is not met, the Feds WILL steal your gold when SHTF.
Impossible they would have as much luck with confiscating gold as they would confiscating everyone's vehicles. Gold and silver are not part of the monetary system anymore 1971
Ya, he's filthy rich and know's how money works. Like he said, they won't confiscate it, they will tax it. He means go with the flow or become a target.
Here’s what’s going to happen. Government waits until all retail runs out of metal, then offers to pay people twice the market price for their metal. Probability of occurrence: low.
Here's what I think, 2 scenarios, 1) crash hits, Goverment suspends sale of gold. 2) existing prices would be around 6000 dollars per ounze, Goverment would look to buy gold and incentive would be tax free. Then Goverment would bring in gold standard and move price to 20000 dollars an ounze. Moral is only sell gold on your terms.
they like to artificially decide how wealthy people are through taxes in order to keep them compliant. Poor enough to be controlled but comfortable enough that no one wants to give up their cushy spot in life to fight against the corrupt system
I seriously doubt that private citizens who own gold will turn in the few coins or bars they may have. While using your gold for barter may not be convenient because it could only be used for large purchases there will come a time when you will be able to barter your gold for large items such as used cars from private sales.
Using gold as a barter is as convenient as silver because of it's devideability. In Venezuela, 2 years back or so, people were buying food and getting their haircuts done for gold flakes as a money. Or maybe more convenient than silver, it is easier to identify gold than silver for a layman. Moreover, you can use 1/25 Oz coins as a lower denomination (equals ca $70 now) or you can shave some flakes off larger bars, if you need to make small purchases.
If Government can confiscate your precious metal holdings ad Liberty, and you have to legally REPORT your over-seas holdings to IRS, so other than illegal hiding, what are you supposed to do? Gold sales people want you to BUY it but if it can be taken away any time, what’s their point? Sanjosemike (no longer in CA)
I've read a couple of very interesting books that discuss this issue. Apparently back in 1933 only a small percentage of people handed their gold back in and of those that didn''t only a handful were prosecuted.
the Gold Reserve Act did not require everyone to turn in the gold. The jurisdiction was limited to only people in the States. Now look up the definition in the act for states. It may not be what you think. The people that read the law, did not turn in their gold if it did not apply to them.
They can try, good luck finding the gold/silve/platinum. Au, Ag, Pl is REAL money. I will not sell it for fiat currency. Last time many people ignored the government. That is why we have so many pre-1933 gold coins still around. What next Copper also? Pre-1982 pennies are now worth double their face value (157 = 1 lb. = $3.48/lb. today)
I couldn't even get a small business loan (not grant) for $5000 to repair a building I own in Puerto Rico, (i own the building outright and employ 3 people, who are all out of a job) but I know a lot of small businesses here in N. Florida were given $5000 almost automatically, and many $7500, with literally, no paperwork involved. As far as gold goes, there is the 28% capital gains tax, and of course, the US government could outlaw the sales or even possession of gold. Everything seems very risky now. And with the communists headed to power, it seems likely to get worse.
i don;t think they will outright confiscate it but i do suspect that they will tax the living hell out of it when you go to exchange it (but then again you could trade it for something of equal value - who says you have to trade it for fiat currency).
Just looking at current performance of some tech stocks I think it makes a lot more sense to first confiscate all Tesla cars and iPhones instead of gold 😎
The reason why nobody owns gold is because nobody has any money, they just own a mountain of debt and need currency to service it.
@E W Ditto!
Yep agree. And China is buying gold and nobody is talking about it. Why China has been buying a lot gold?
That is exactly what I said to someone today
@@rosaversanti432 chinas been buying oil also
I love gold, I only give it up for pussy
Back then people trusted the government. Today they can piss off. And there are plenty of places you can trade in gold (and other commodities).
But they still can track your purchases, unless you only pay in cash. But that only works with smaller amounts over longer period. What if you just started buying, and needed to catch up?
Another question
What about silver?
@@Ricksworld1962 no one stopping you from telling them you have pawned all the gold/silver and spent all on ice-cream.
@@wahkaoz
😁👍
$100,000 in ice cream 😳
@reesej123 Russell
That’s an idea. Just have the bank to deal with, when taking large sums of money out?
@reesej123 Russell
I am expecting at some point in time towards the middle of 2021, to receive a settlement. I assume I will have to put that settlement into one bank. Then I will go from there?
I went fishing a month ago in the Atlantic Ocean and all of my gold fell into the sea in a freak accident.
Sucks...I went to the same place and lost all my guns in the exact same way.
I hope your both kidding if not FUCK....
How many times do you need to be told..... storing your gold in your gun cases will be a double blow in these type of accidents. 😂 .sorry for your loss
Your dog ate your homework too?
Please provide lat & lon...
My gold was protected by lead, until the unfortunate boating accident.
Darn! The government should put out a public service message to not to take your gold out on a boat-- for your safety. I wonder how many poor people lost all their gold in the last hurricane in Florida.
The beginning of wisdom is to call things by their proper name.... So not confiscated, but stolen.
Orwelian Term. Yes, Theft!
Make gold illegal and a black market will appear. ( working on that now)
Counterfeit bullion is such a given that pallets of any gold bricks stored at Ford Knox are half lead, IMHO.
@@maximuscomfort ultrasonic thickness gauges are your friend :)
@Floyd1504 Same stuff with China´s gold reserves having Tungsten bars pretending to be Bullion bars
Black Market? Oh, you mean the FREE Market.
Hmu when it’s up and running
I hate the government.
Participate as little as possible - do not chase money.
I love my country
I fear my government
Its not the government idk who but they're people far more powerful pulling strings the goverment is just a public face someone to blame
@@ajaywhite9103 Just pretend you love your govt. They are there to watch every move you make and every word you say.
Do you support the police?
If you own precious metals, then do not tell anyone, do not keep it in a bank safety deposit box.
Applications NOW ASK IF YOU OWN GOLD, and WHAT IS THE VALUE! REAL TALK... DON'T TALK!
Don't do foolish "unboxing" videos!
it can only be confiscated under acceptance dont be fooled possession is 9/10 of the law
Don't "go with the flow". Fight back!
If you want to fight back, be kind and respectful but don't let them fear you.
Good luck. It’s more likely that you’ll end up dead and accomplish nothing, because most people just talk.
@@dznuts123 Words of a coward
All US fighter pilots have 1 Oz of gold in their survival kit, because if they crash, Gold can be used to barter in every country of the world. Gold is the ultimate world reserve currency.
But didn't they have to turn it in to the government when FDR was president? Lol.
Shut up
fact check ? it ain't true at all and you know it
Not anymore .. every one is going for bitcoins
@@TheGreenfrog140 hahahaha..you comic
I would take my gold to my grave before giving it to the government.
EB is a younger peter Schiff lol. He’s angry, goes on intelligent tangents and knows his stuff lol. More interviews with EB. Just have him on for an hour. I’d watch every second lol.
he is as arrogant and in denial as schiff too... pair need to bin their ego's.
@San Diego except all of his price forecasts for gold.
San Diego then pay attention to kitco news. He’s been bang on with every prediction and you have miss understood his forecast. He clearly said 2500 by the end of the year. I don’t know where you are hearing him Say anything about the fall. Read his book. Everything he’s said isn’t just made up outta no where. He’s not the only person saying gov is doing shady stuff. Google EB TUCKER KITCO NEWS and rewatch his older interviews.
San Diego oh it touched his price target then dropped below it. Okay disregard everything he’s ever said then. Ya he’s nuts.
San Diego you’re upset because he’s not telling you how long it will hit his price targets. That’s wild lol. He’s a human not a sorcerer.
Only a fool plays by the rules in a rigged game.
John Grear - "A rigged game" man is that ever the truth!
This is the smartest thing I have seen on youtube all day
they gotta find it first lost in a boating accident
If the government can confiscate your gold, I believe they can also confiscate the money in your bank accounts.
They have done it in other countries.
I have no gold
Happened in oz
And your property
They can. They fiat money isnt yours it's federal reserve notes
Easy fixed .remove the government .
@Tom Jenkins Symbol of mental bondage and submission .
@Tom Jenkins They know best .
Wow 😳 why didn't I think of that ? Ya dork
@@nicksmifso8071 Or maybe we wear a mask because we don't want a 1,000+ dollar fine?
@@RealAntek How far into submission will you go, to avoid a fine ?
The government does not have the authority to take your property... we give it under their threat of force.
They recalled gold, not confiscated, only 30% turned it in. We were also on a gold standard then , not now.
I heard they took gold from safety deposit boxes in banks.
@@paulsawczyc5019 Assisted along with federal agents ,you could not remove any coin or cash since safety deposit boxes are not insured. Same is true today.
@@douglasdunn6015 I betcha the ground is full of buried stuff from people that died.
Recall? Don't kid yourself.
@@paulsawczyc5019 And that is what they will do AGAIN. You go to the bank and get you "safe deposit box" and there WILL be a government agent standing right there and they WILL take it. Period. Moral of the story, DON'T KEEP IT IN THE BANK, PAY CASH AT A REPUTABLE COIN DEALER AND DON'T TELL ANYONE YOU HAVE IT.
For the government to ever feel it has to instill "fear" in the people is wrong and evil. One like that should be overthrown.
Sorry. Our gold can’t be confiscated. Because we don’t tell people how much we have. Or where it is.
It depends how you buy. Over a certain price it's automatically reported.
I disagree!!! In the 1920's everyone had gold because it was everyday money. Today, less then 1% of people own gold (money) but the gold is not legal tender.
If the government wants to confiscate gold, they will go after the Comex (who has very little) and the big banks. It's too much trouble to go after "less then 1%".
Or just invade russia , china, india, Australia, canada, germany and great briton. They got tons of the yellow metal
We in Canada as a government have zero gold
Nah too risky to invade countries with nuclear weapons
Like he says in the video, they don't have t go after you, just tax it.
In a crisis when govt. get really desperate for funds, they will be taxing everything left and right. Why not tax gold. It won't even cause major backlash. Only 1% own it.
YUP! Not going to happen for this and other reasons.
🤣🤣 being a gold miner the only thing I'm willing to give up is lead.
In America they can bring rules to confustucate GOLD.
But what about China India, Saudi Arabia, Russia , etc people.
Will never happen
exactly
Why not? If it can happen in US, where people have guns why not India?
Don't even speak of the other countries you mention. They already have much greater control over people
Russia loves Gold.
I am not sure how confiscation will work if some states have legal tender laws
Creepy uncle joe doesn’t care about your laws
from my cold dead hands...
Everybody thinks that until the Gold squad shows up at your door and searches your house without your permission...... don't think it can happen? They already have gun squads where if you get I. Trouble with the law and somebody mentions firearms or if they are registered, they show up and confiscate all of them and then it's more then difficult to get them back.... happened to someone I've known for more then s decade and it was last year this happened.
@DarkAngelusV I live in a blue state and their whole motto is to take your rights and freedoms away from you. This is not what God ever intended when he created America, if you look up the visions given to George Washington it's incredible that God had given him glimpses of the future including 3 world wars..... Satan's job is to do the opposite of God's will and are we not seeing that today in every single Blue State?
In Washington at the memorial 100k+ people gathered including the Vice President to give thanks and prayer to God, only place you'll see that is on RUclips but there was no violence! Just Americans gathered together to pray for our Country. Quite the opposite of What Democrats want! KAMALA herself called for violence now and after the elections.... 2 different messages.
the government will ask nicely, then escalate until you comply or die.
“Your terms are acceptable”.
- Men In Black
Surprisingly they are completely fine with looting your dead body.
Back then people trusted their government and the news. If that happened today it would go very different.
The people running things are educated beyond their intelligence
They are not intelligent.
Why would you buy gold and store it from who you purchase it from, then when something happens you can’t get your gold
All storage programs are for sheep wanting to be sheared.
They can print more currency, that's not worth the paper it's made from.
He forgot to mention his grandfather didn't want ten years and a ten thousand dollar fine. They strong armed people into giving it up like mobster thugs..
I had a bunch of gold and took it everywhere with me. Then one time I left it at the beach and when I went back it was gone! Go figure....
Another reason gov't could use an excuse:
"We need to confiscate gold because we need it for our computers that protect us in an emergency."
Because they want to make us Safe.
they never protected americans. Only themselves
Most people don't own gold so they would support a ruling to take away people's gold.
Yes, people are jealous of anyone who has something valuable which they don't have.
At $40,000/ oz there's enough gold to back our currency.
There will be nothing to fund the unending wars. For that you need debt and lots of exported inflation.
@@toomuchdebt5669 your probably right.
The Vietnam war was a big reason why Nixon went off the gold standard in the first place. He would have had to raise the price of gold dramatically idk why he didn’t want to do that
good luck having that proven
There is no amount of gold or any other limited asset that can back a *FIAT* currency. They will just print more.
I have no problem with fiat currency... I have a problem with _PAYING INTEREST_ on money that is brought into existence with a few clicks on a keyboard!
it was not "confiscation", government did not take away the private property by force. they paid for it then raised the price of gold but they like to use the confiscation term because it tends to intimidate and discourage the new buyers. notice they never talk about the confiscation of the ton of money people have made in stock markets in the last 20 years with the help of the federal reserve money printing machine. why? because many of the legislators and government officials are benefiting themselves from it such as sen. feinstein and her husband. why does the stock market sets a new record on the same day that historically high unemployment numbers are announced? government should confiscate the stock market profits first or face getting confiscated
DUE TELL.
I don't think they'll confiscate it, but putting a VAT on it? Sure.
Very interesting perspective. 👍The media gold campaign back in the day sounds exactly like the media campaign with COVID today.
Covid is a pandemic, the government is trying to save lives, there's nothing nefarious about it.
You must be joking Lamar. The nwo planned, created and executed this pandemic.
If you haven't read EB's book, you should. It's not the same old gold book--there is some very prescient information.
Deregulation, less govt
Buy Silver and crypto
Crpto is the future
Stocks are good but crypto is better
@@marielizzy8437 I wanted to trade crypto but got confused by the fluctuation in price
@Muhammad Musa I heard her strategies are really great
I've heard lots about expert Miss Sarah and how her trade have been helping lots of beginners here in Vietnam, I'm a little bit surprised someone mentioned and recommended her
Their trades are awesome
It will be,,,
Don't fool yourselves sheeple,,,
*YOU DON'T OWN IT UNLESS YOU HOLD IT IN YOUR HANDS!*
I've been listening to this story for fifty years.
Next they will confiscate Bitcoin 🤣
still a thing, bitCon?
Or just make bitcoin illegal. Say drug dealers criminals...boom price goes to zero
They can't confiscate Bitcoin unless you give them the encryption keys (which you can memorise).
They are after your soul!
Bitcoin. All they have to do is crash the net. Boom. No more shitcoin.
They WILL target your gold WHEN a gold revaluation occurs.
But they won’t target Mining Stocks.
There are two dictators who came to power in 1933 and died in 1945: Franklin Roosevelt and Adolf Hitler.
There was a wave of socialism in the world back then, Germany, Italy, Russia, The US. All different flavors of the same thing. We just got to write the history books. Why did we take so long to get into WWII?...We waited for everyone else to wear themselves out and then came in and overwhelmed them becoming hero's in the process. We just got a bit surprised by the Soviet Unions build up. If we knew how strong they would have become we likely would not have helped them as much. Patton knew, he wanted to draft the remains of the German army after they surrendered and keep pushing East all the way back to Russia. He would have done it to.
But, we ended up with 40 years of a cold war instead with a few real touch and go moments in the 60's. We just outspent them till they folded trying to keep up with us. Thing is we spent too much keeping the rest of the chickens in the pen and are stressed ourselves now. Not as bad as China but the next few years may be a new beginning and the end of the post depression/war era model. Europe is in trouble, China is unsustainable, Japan is shrinking fast, and Africa is a flat out mess as is South America. Next major powers may be India, something Islamic if they can stop their infighting and build another Ottoman Empire, and maybe Israel if they survive the build up of the same empire.
That is a brilliant statement, power to the people!
@@shadowcat3163 FDR was waiting for the right moment to get us in. He provoked the Japanese with the oil embargo and knew the Japanese would attack Pearl Harbor and allowed it to happen, sacrificing 2,000 American lives to sway American opinion to back the war and we became the superpower. We had a good 2 or 3 decades before we lost our prosperity and became a debtor nation fighting the cold war.
But US history books indoctrinate us that FDR's New Deal saved the country. If they read Benjamin Roth's diary of the Great Depression, they'll learn otherwise.
Adolf Hitler died in 1963
This would never happen again. The fact it already happened has made the gold community wiser and stronger. In a way the govt has shot themselves in the foot. If they tried to pull this off again, they would rip the country apart.
Lol.
First social security cuts and Medicare coverage reduced will tear the country apart, and THEN gold confiscation. These political weasels are in panic mode and desperate to try anything. One important point: some people said that an Executive Order would not be legal under the Constitution. Beijing Beiden could not sign one for gold confiscation - the power players in the PM markets wouldn't stand for it.
15 minute cities, with electric cars + kills switches. Try and move your gold when the WHO calls a climate change pandemic and you are in lockdown. When the people rise up, things will change, otherwise good luck.
1. Bitcoin 'is' anonymous, it's only the KYC/AML gateway services that make it not so. So don't use them. 2. 'Gold is the only asset that isn't another person's liability', not so, Bitcoin is exactly the same. '$100 is breakfast in LasVegas', you must eat really well my friend if that's the cheapest breakfast you can find. Last time I was there, 20 bucks did the trick.
and ... is there a part two because they cut off the interview on a cliffhanger.
Learned something new about the confiscation history. Did the American benefit or lose from the confiscation policy in general? Who were the winners? Who were the losers?
I have heard from my father that people who owned gold bought houses and became wealthy
Just like they will try to take it, they will raise the price after they get it, and give you a peice of paper that is way under value of time you gave it up. They will make money on it several times
Government doesn't have authority to do anything, no one has voluntarily contracted with them.
What they do have is the power to do things, they have the overwhelming violence to crush any resistance.
The government had a penalty also, $10,000 dollars and 10 years in prison! Gold could not be used inside the US so most thought they had to turn it in,,,
Arrr! I've buried me gold on a deserted island in the Caribbean.
Is it for rent?
I like this guy super refreshing
Can you answer the question at which price, a Gold confiscation might happen?
Jewelry could be another way to get around it. Becoming a jeweller might be an extremely lucrative profession soon.
Only buy gold if:
1. You can do so in person
2. The seller accepts cash
3. The seller does not require ID
4. You are able to safely hide it on your own property
If even one of these four conditions is not met, the Feds WILL steal your gold when SHTF.
Impossible they would have as much luck with confiscating gold as they would confiscating everyone's vehicles. Gold and silver are not part of the monetary system anymore 1971
I don’t think the government will get my gold . Not that I have gold . It’s the idea that we are in America . We have a right to have what we want .
I think this guys underestimates a people’s ingenuity. “Go with the flow” is bad advice.
Ya, he's filthy rich and know's how money works. Like he said, they won't confiscate it, they will tax it. He means go with the flow or become a target.
Here’s what’s going to happen. Government waits until all retail runs out of metal, then offers to pay people twice the market price for their metal. Probability of occurrence: low.
Smart guy! I am shocked he is able to speak so freely
“I have learned the SECRET of being content in all circumstances. Whether living in plenty, or living in want.”
Care to share that secret because there"s a limit to how needy you can be and still be content.
It is possible for government to break the law and get bent over until they cry uncle too
Gold and silver has fed kings and queens for as long as time has been recorded
“You can call Kitco and buy gold. ... Gold is an anonymous currency.”
I see a long paper trail for that anonymous gold.
not if you mine it yourself. also gold can be melted and all stamps removed. so proof of where it came would not be found.
Try a Coin shop.
@@toomuchdebt5669 they still want name, address and drivers license
@@cbbluesberry867 no they dont. Not anymore!
There is no way they can confiscate gold this time. They would calculate that people would invest in the crypto currencies.
My grandad also told me things too. I remember them
Here's what I think, 2 scenarios, 1) crash hits, Goverment suspends sale of gold.
2) existing prices would be around 6000 dollars per ounze, Goverment would look to buy gold and incentive would be tax free. Then Goverment would bring in gold standard and move price to 20000 dollars an ounze. Moral is only sell gold on your terms.
I misplaced my gold and silver. Ill remember maybe in 15 to 40 years where I put it.
they like to artificially decide how wealthy people are through taxes in order to keep them compliant. Poor enough to be controlled but comfortable enough that no one wants to give up their cushy spot in life to fight against the corrupt system
Nesara Gesara Going to a rainbow metals based currency. Buy silver
They will not confiscate your Gold, but they will make it nearly impossible to sell to anyone else than them....
Informative interview that is well worth your time in the current environment.
It's a mistake to compare today to the 1930's. We're not on the gold standard and it represents less than 1% of financial assets today.
People are being forced with very little choice, but to dip into their IRA's and 401k's.
I believe we are in Daniel's 70th week.
I seriously doubt that private citizens who own gold will turn in the few coins or bars they may have. While using your gold for barter may not be convenient because it could only be used for large purchases there will come a time when you will be able to barter your gold for large items such as used cars from private sales.
Using gold as a barter is as convenient as silver because of it's devideability. In Venezuela, 2 years back or so, people were buying food and getting their haircuts done for gold flakes as a money. Or maybe more convenient than silver, it is easier to identify gold than silver for a layman. Moreover, you can use 1/25 Oz coins as a lower denomination (equals ca $70 now) or you can shave some flakes off larger bars, if you need to make small purchases.
Brilliant interview with a very smart guest 👍🏻
If Government can confiscate your precious metal holdings ad Liberty, and you have to legally REPORT your over-seas holdings to IRS, so other than illegal hiding, what are you supposed to do?
Gold sales people want you to BUY it but if it can be taken away any time, what’s their point?
Sanjosemike (no longer in CA)
Remember when using a postcard to file your taxes was being discussed?
I hope Biden changes it back to where it was before. I'm losing out on a lot of deductions, Trump screwed the middle class with that stupid idea.
I've read a couple of very interesting books that discuss this issue. Apparently back in 1933 only a small percentage of people handed their gold back in and of those that didn''t only a handful were prosecuted.
Can anybody tell which quantity of gold was collected by the FED due to the executive order by May 1, 1933 ?
the Gold Reserve Act did not require everyone to turn in the gold. The jurisdiction was limited to only people in the States. Now look up the definition in the act for states. It may not be what you think. The people that read the law, did not turn in their gold if it did not apply to them.
The government recalled silver as well a year or so later.
@Peter Bond actually no during the great recession mining stocks were the play just like today.
They can try, good luck finding the gold/silve/platinum. Au, Ag, Pl is REAL money. I will not sell it for fiat currency. Last time many people ignored the government. That is why we have so many pre-1933 gold coins still around. What next Copper also? Pre-1982 pennies are now worth double their face value (157 = 1 lb. = $3.48/lb. today)
Coming for the gold is like coming for the guns.
I think they want to go after property too. They just haven't manufactured enough consent to do it yet.
And what with the miners after the 'illigalisation'?
Just melt it into jewelry or a simple chain. It then Goes from bullion to jewelry a whole different legal definition but loses no value
I got mugged in a riot and they used pliers to take my gold teeth out does that count
Love the way this EB Tucker talks. Sometimes I just want the hard truth, no bullshit.
It's sad that this site sees the need to SHADOW BAN viewers's responses.
I couldn't even get a small business loan (not grant) for $5000 to repair a building I own in Puerto Rico, (i own the building outright and employ 3 people, who are all out of a job) but I know a lot of small businesses here in N. Florida were given $5000 almost automatically, and many $7500, with literally, no paperwork involved. As far as gold goes,
there is the 28% capital gains tax, and of course, the US government could outlaw the sales or even possession of gold. Everything seems very risky now. And with the communists headed to power, it seems likely to get worse.
Financial freedom for the monopolies and crapitalism for us.
i don;t think they will outright confiscate it but i do suspect that they will tax the living hell out of it when you go to exchange it (but then again you could trade it for something of equal value - who says you have to trade it for fiat currency).
Hand them over the treasure map where they can start digging somewhere in the Carrabean
Wow imagine that govt. And media lying
Just looking at current performance of some tech stocks I think it makes a lot more sense to first confiscate all Tesla cars and iPhones instead of gold 😎
One of the best video's I have watched Thank You !