Which is more likely to be seized, gold in safety deposit or money in 401K?

[Madison320]

Just wondering what you guys think. I think it would be harder to seize gold from your safety deposit box compared to money in your 401K, but the 401K has safety in numbers. So I'm not really sure.

 

[NorthCarolinaLiberty]

Placing physical gold in a place like a post office box? Not a chance.

 

[roho76]

Neither are safe but I would bet they come for the 401k's before they go to each individual bank and open safe deposit boxes. That's not saying they won't do that too, just that they will take the easy way first and then follow up with your gold. Remember, government is lazy.

 

[Madison320]

Neither are safe but I would bet they come for the 401k's before they go to each individual bank and open safe deposit boxes. That's not saying they won't do that too, just that they will take the easy way first and then follow up with your gold. Remember, government is lazy.

I agree, except that since so many more people own 401Ks, politicians might fear getting kicked out of office. People that own gold are a much, much smaller minority. But the idea of physically going into safety deposit boxes sounds more drastic than electronically trimming some money out of everyone's 401K. It would be hard to put a positive spin on government agents busting into banks like that.

 

[LibForestPaul]

I agree, except that since so many more people own 401Ks, politicians might fear getting kicked out of office.

Really. After a goldman sachs parachute. And the same players put forth. No, they do not fear their subjects. The .%3, that's the only group they fear.

 

[oyarde]

Both , depending on who you are .My safe deposit box is empty , my families safety deposit box has nothing in it but deeds, those matter not, if it gets that bad , nobody is taking any land from them.On the bright side (one of the few ) , if it does get that bad , no more property tax , the Sheriff is sure as hell not going to come around and put anything up for auction.All of that just props up the school system and it will all be looted rapidly after being closed and children may actually start to learn something important , lol

 

[presence]

 

[tangent4ronpaul]

Both at the same time.

-t

 

[jbauer]

They're not going to take your 401k under our current elected process. They might shock the markets or raise taxes but there's no point in taking paper money that would need to be sold on an open market. Doing so would immediately crash said market and provide no value to the takers. Also both republicans and democrats have 401ks.

On the flip side they've already taken the gold less then a 100 yrs ago. What makes you think they won't again?

Either way confiscating money will enrage the public. You'd see massive protesting and a bunch of heads on polls.

 

[CaptUSA]

Pretty sure the first thing to be robbed are the private pensions. They've already robbed the public ones.

 

[osan]

Just wondering what you guys think. I think it would be harder to seize gold from your safety deposit box compared to money in your 401K, but the 401K has safety in numbers. So I'm not really sure.

When the time comes, both are gone, but the 401 goes first because it takes little to no effort to transfer computer bits. Getting the gold is labor- and time-intensive. Once the word gets out, people will flock to their banks to empty their boxes. If the bank personnel attempt to stop people, I suspect many will end up shot or beaten to pulps, the keys taken, and boxes emptied one way or another. If cops arrive, expect things to get "interesting". Cops are no guarantee of order. Poca Valley Bank was s=robbed at gunpoint about 3 months ago in Elkview WV. Two weeks later, Chase bank across the street was robbed. From the back of Chase, I could fart on the Kanawha County Sheriff's office. And no, nobody has been caught in either case, to my knowledge. So much doe "security". Dumb Americans.

 

[Spikender]

If you have gold in a safety deposit box, just send it to me and I'll hold it for ya.

 

[jbauer]

Computer bits are only worth something if you can convert them into something of value. Taking said bits and selling them on a market that would have no value is pointless.

Especially when you add in that they can just print more. No reason to tick off the public at large when you have a way to "create" trillions without all but a few even caring.

When the time comes, both are gone, but the 401 goes first because it takes little to no effort to transfer computer bits. Getting the gold is labor- and time-intensive. Once the word gets out, people will flock to their banks to empty their boxes. If the bank personnel attempt to stop people, I suspect many will end up shot or beaten to pulps, the keys taken, and boxes emptied one way or another. If cops arrive, expect things to get "interesting". Cops are no guarantee of order. Poca Valley Bank was s=robbed at gunpoint about 3 months ago in Elkview WV. Two weeks later, Chase bank across the street was robbed. From the back of Chase, I could fart on the Kanawha County Sheriff's office. And no, nobody has been caught in either case, to my knowledge. So much doe "security". Dumb Americans.

 

[jllundqu]

Which is more likely to be seized, gold in safety deposit or money in 401K?

"I think maybe it's both. Maybe both is happening at the same time."

 

[Tod]

If I had physical gold, I would not keep it in a safe deposit box because a safe deposit box pretty much defeats the purpose of having physical gold.

 

[Tod]

If I had physical gold, I would not keep it in a safe deposit box because a safe deposit box pretty much defeats the purpose of having physical gold.

 

[Madison320]

Really. After a goldman sachs parachute. And the same players put forth. No, they do not fear their subjects. The .%3, that's the only group they fear.

I think it's the opposite. Politicians want to get re-elected, that's their number one goal above all else. They're always willing to screw over the top percent to gain votes from the masses. Just look at the laws for evidence. Progressive taxation, discrimination lawsuits, etc, etc.

 

[Madison320]

They're not going to take your 401k under our current elected process. They might shock the markets or raise taxes but there's no point in taking paper money that would need to be sold on an open market. Doing so would immediately crash said market and provide no value to the takers. Also both republicans and democrats have 401ks.

On the flip side they've already taken the gold less then a 100 yrs ago. What makes you think they won't again?

Either way confiscating money will enrage the public. You'd see massive protesting and a bunch of heads on polls.

I agree. I think they'd have to some up with a scheme that has popular support. I have a theory that they may target "speculators". If the dollar collapses, the people that own treasuries will get wiped out but the people owning GLD for example will do well. I can see politicians saying "Hey, it's unfair that responsible, patriotic people investing in their country (t-bills) lose their money due to the evil people speculating in gold and oil. Therefore we are going to do a one time tax on speculators to recover the money and give it to the holders of treasuries."

 

[tangent4ronpaul]

They're not going to take your 401k under our current elected process. They might shock the markets or raise taxes but there's no point in taking paper money that would need to be sold on an open market. Doing so would immediately crash said market and provide no value to the takers. Also both republicans and democrats have 401ks.

On the flip side they've already taken the gold less then a 100 yrs ago. What makes you think they won't again?

Either way confiscating money will enrage the public. You'd see massive protesting and a bunch of heads on polls.

THe social security "trust fund" got raided and filled with a bunch of worthless IOU's that will never be paid back. The discussion has changed to SS is going to have a shortfall - not we spent it and will pay you back, rather, we will not be able to pay you back all that is owed you - make other plans. Yes I got a letter to that effect. Like you will get 70% of what you should. THey went after and got gvmt and mil pensions recently. our local state gvmt raided 50% of tracher pensions recently again with worthless IOU's that will never be paid back and yes, they have been eying and talking about doing the same to 401's in recent years. They are a pack of thieves stealing all they can before the ponzi scheme collapses.

-t

 

[thoughtomator]

A lot of safety deposit boxes have ALREADY been robbed by DHS. Check yours, if you haven't in a while - you might be surprised to find things aren't as you left them.