Why are you saving gold and silver? Coulnd't the Feds just enact another Executive order?

M

maskander

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Mar 7, 2012
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What's keeping our government from not confiscating all the gold and/or silver when the next big collapse comes. I mean if they did it once, and it was illegal I'm sure they'll do it again. This time with tanks rolling down the street. No wonder why the need so many. I think you are making a big mistake if you invest in PM.
 
The last time gold was confiscated was when the US dollar was backed by gold and they needed more money to be able to back up the money (government gold reserves were declining and already down by ten percent from people exchanging dollars for gold during the Depession). That was in 1933. The dollar is no longer backed by gold so that happening again is highly unlikely. If the government needs more money, they don't take gold- they just borrow more money.
 
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maskander said:
What's keeping our government from not confiscating all the gold and/or silver when the next big collapse comes. I mean if they did it once, and it was illegal I'm sure they'll do it again. This time with tanks rolling down the street. No wonder why the need so many. I think you are making a big mistake if you invest in PM.
Click to expand...

Tough to confiscate what they don't know about.

That's why it's important to trade cash for PMs in small lots, with no paper trail.
 
Myopic.

The whole world is reverting to gold. The US, in order to remain near the top of the food chain, will be forced to adopt a gold policy to supplant the petro peg.

Zippyjuan said:
The last time gold was confiscated was when the US dollar was backed by gold and they needed more money to be able to back up the money. That was in 1933. The dollar is no longer backed by gold so that happening again is highly unlikely. If the government needs more money, they don't take gold- they just borrow more money.
Click to expand...
 
maskander said:
What's keeping our government from .........................
Click to expand...

rifles.jpg


And the will to use them.
 
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They will get nothing from me . Now , if I recall they prosecuted one guy , his was in a bank lock box, Oh and there are still hundreds of lock boxes in the basement of the treasury that came from failed banks, but I image those have all been stripped of value ...
 
Anti Federalist said:
Tough to confiscate what they don't know about.

That's why it's important to trade cash for PMs in small lots, with no paper trail.
Click to expand...

This.

I just did the math on the junk coins too... it's in my sig.

I think those are the closest to whole OZs you can get with the coins at that small of a level (everything before those numbers is just a tad off).

A lot of people won't buy junk because they say it will be too hard to sell later on... I tend to disagree and by keeping your coins in the 47-94-83 method like I do it makes it easy to calculate the OZs while having the coins.

I go into various PM dealers and always pay in cash, never tell them my name, never leave any kind of paper trail. There's a lot of people that think were quacks for hiding our PM purchases but I think they're quacks for not hiding them (and i'm not the Alex Jones conspiracy type). I've only been buying for a couple months now but I've found dealers are more inclined to bend the cash limit rules a little bit if you're a regular by putting them into two separate transactions and such....

If you want to buy more than the legal limit than I would suggest bouncing from dealer to dealer and clearing them out to the legal limit.

PS- Don't pay attention to where the price goes after you buy and don't consider PMs for short term investing. This is all about the long game.
 
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NoOneButPaul said:
This.

I just did the math on the junk coins too... it's in my sig.

I think those are the closest to whole OZs you can get with the coins at that small of a level (everything before those numbers is just a tad off).

A lot of people won't buy junk because they say it will be too hard to sell later on... I tend to disagree and by keeping your coins in the 47-94-83 method like I do it makes it easy to calculate the OZs while having the coins.

I go into various PM dealers and always pay in cash, never tell them my name, never leave any kind of paper trail. There's a lot of people that think were quacks for hiding our PM purchases but I think they're quacks for not hiding them (and i'm not the Alex Jones conspiracy type). I've only been buying for a couple months now but I've found dealers are more inclined to bend the cash limit rules a little bit if you're a regular by putting them into two separate transactions and such....

If you want to buy more than the legal limit than I would suggest bouncing from dealer to dealer and clearing them out to the legal limit.

PS- Don't pay attention to where the price goes after you buy and don't consider PMs for short term investing. This is all about the long game.
Click to expand...

I always use the simple calculation of $1.40 of face value is about 1 troy ounce.

There are 1.0127 troy ounces of silver in 14 silver Mercury dime(s).
http://www.coinflation.com/coins/silver_coin_calculator.html
 
Cleaner44 said:
I always use the simple calculation of $1.40 of face value is about 1 troy ounce.

There are 1.0127 troy ounces of silver in 14 silver Mercury dime(s).
http://www.coinflation.com/coins/silver_coin_calculator.html
Click to expand...

Like I said though they are always a little off... a lot of people say don't mess with the junk because you can't get the exact amounts in OZs and people won't buy them because the price will always be set in OZs.

2.9 Half Dollars
5.75 Quarters
14 Dimes

Is what I was told for calculation.

They are all suppose to "roughly" equal an OZ. I just don't like the roughly part... and when buying and selling I'm not sure traders are going to like the "roughly" either. Plus I dislike the dimes because you have to carry so many and the Half Dollars and Quarters don't come out to whole numbers (2.9 and 5.75 is a pain).

I figure if I hand someone 47 Half Dollars I can say for certain it's 17OZ, same for 94 quarters. I don't want to have to be doing math for .0127 because once you get into 28, 56, 112 dimes that .0127 ends up adding up to a decent amount.

Plus with 83-94-47 I can hand them the entire thing and say it's 40OZ.

My own opinion is to just buy half dollars but that's just me...
 
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Zippyjuan said:
The last time gold was confiscated was when the US dollar was backed by gold and they needed more money to be able to back up the money (government gold reserves were declining and already down by ten percent from people exchanging dollars for gold during the Depession). That was in 1933. The dollar is no longer backed by gold so that happening again is highly unlikely. If the government needs more money, they don't take gold- they just borrow more money.
Click to expand...

The chinese may well ask to be repaid with gold.

Regardless, damnwellguaranteed IF gold & silver are the store of value some claim then their are plenty of reasons for the .01% to have their Enforcers remove them from the grubby hands of the mundanes.
 
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