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THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT

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Anonymous Coward
User ID: 514144
9/30/2008 2:43 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 485829
9/30/2008 2:46 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote
Pre-1933 numismatic will be fine. Some of those coins are worth millions, there's no way people would give them up during a confiscation. Bullion on the other hand... you're kinda f-ed. You can hold it until after the confiscation, but you wouldn't be able to use it for anything. My suggestion would be 50% numismatic (pre-33 St. Gaudens), 50% Gold Francs.

Anonymous Coward
User ID: 514144
9/30/2008 11:05 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 514625
9/30/2008 11:51 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote
PIN!

Anonymous Coward
User ID: 514144
10/1/2008 1:49 AM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 511710
10/1/2008 5:28 AM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 514916
10/1/2008 1:36 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 466097
10/1/2008 1:56 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT

Quote

Actually when the FED went into operation originally, they passed a law then that gold and Silver could be confiscated by the government. There was no outrage with the dumb public at the time...and congess kept quiet. Our money is actually unconstitutional. Congress was given the authority in the constitution to "COIN" money. That way inflation could never occur. If you can find it....a good book to read is called The Unseen Hand...sorry don't remember the author.

Anonymous Coward
User ID: 514916
10/1/2008 2:00 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT

Quote

Greenspan: Gold is "the Ultimate Form of Payment in the World" due to "Fiat Money in Extremis"

Commodities / Gold & Silver Oct 01, 2008 - 05:06 AM

By: Mark_OByrne

Commodities
Best Financial Markets Analysis ArticleGold fell yesterday as the dollar rallied ( gold closed at $874.00 down $14.4 0 while silver closed at $12.18 down 75 cents ). In after hours trading there was determined selling which pushed the price as low as $860 prior to rallying above the New York close and as high as over $883/oz.

In the titanic battle between the gold bulls and the gold bears, the gold bears and powerful selling entities have again won the short term battle. But this looks set to be another pyrrhic victory as the shorts are likely to get their heads handed to them on a plate when gold's supply demand fundamentals (as seen in many articles in recent days and in the Financial Times articles today - see our News section and below) which become more bullish by the day, ultimately overwhelm the short sellers.

Gold would appear to be well supported at the $850/oz to 860/oz level but anything is possible given the unprecedented nature of the volatil ity in global money markets . However, with interbank rates continuing to rise to new record levels, systemic risk remains elevated which will support gold.

Gold , unlike all other asset classes, is up some 1 7 % in the last 3 weeks ( since it's recent Sept e mber 11th lows it has gone from $750 /oz to $87 8/oz today ) and may need to consolidate between $850 and $910 prior to rechallenging $1,000/oz in the coming weeks.

Gold remains very firm and near recent record highs in Euros and GBP as these currencies have weakened significantly in recent weeks. We have not witnessed the dollar strengthening rather all fiat currencies weakening vis a vis the dollar as contagion has spread from the original epicentre in the US to financial systems and economies internationally.

Greenspan: Gold is "the Ultimate Form of Payment in the World"
The Financial Times' Javier Blas has written two excellent articles examining the surging demand for gold amid a growing lack of supply ('Investors start fresh Gold Rush' and ' Wealthy investors hoard bullion') <see News section of homepage>.

In them he outlines how "investors in gold are demanding “unprecedented” amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen."

He astutely notes Alan Greenspan's observations regarding fiat paper money and the value of gold as being the "ultimate form of payment in the world"

“Fiat money, in extremis, is accepted by nobody,” Alan Greenspan, the former chairman of the US Federal Reserve, told lawmakers in Washington almost a decade ago. “Gold is always accepted,” he added.

The “in extremis” scenario was for years only a possibility in the mind of die-hard gold bugs, but the financial crisis is leading regular investors – from the ultra-rich to middle-class savers – to believe that the environment in which Mr Greenspan said fiat money would be worthless is now around the corner. . . .

The investors' response is a rush into physical gold not seen since the second oil crisis in 1979, bankers say. The shift into gold coins and bars is so extreme that it is causing shortages at refineries and mints around the world."

With the Federal Reserve and global central banks injecting thousands of billions of dollars, euros, pounds, yen and swiss francs (primarily dollars though) into the global financial system in order to prevent a systemic meltdown and contagion, a degree of monetary debasement is taking place that has not been seen in wealthy industrialised economies since Germany's Weimar Republic's money printing in order to pay off World War I debt reparations. This led to hyperinflation and destruction of the German mark and economy and the rise of the Nazis.

The scale of the money printing today is more akin to that seen in badly mismanaged less developed countries such as Argentina and other South American and African countries in the late 20th century. The fiscal ramifications of the money printing are massive and yet to be realised.

[link to www.marketoracle.co.uk]

Anonymous Coward
User ID: 514916
10/1/2008 2:06 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote
4 PIN

Anonymous Coward
User ID: 514916
10/1/2008 2:20 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 515950
10/2/2008 6:14 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote
Here you go!!!!!!!!!!!!!!!!!!!! [link to www.youtube.com]

Anonymous Coward
User ID: 518784
10/6/2008 3:25 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 522487
10/10/2008 11:09 AM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

Anonymous Coward
User ID: 538070
10/29/2008 3:50 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

anon 5949065
User ID: 47124
10/30/2008 10:17 AM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote
Gold and silver JEWELRY will be safe.

Anonymous Coward
User ID: 490531
10/30/2008 10:35 AM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT

Quote

The purpose of the confiscation is clearly to settle America’s trade debts in an acceptable form. Keep in mind that Central Banks end up with all of the trade debts via bank deposits in dollars, or, Treasury Bonds, dollar denominated, with no guarantees against loss due to deterioration of the value of the dollar.

Quoting: watch 513215

Uh, those banks are the ones that have been devaluing the dollar. Why shouldn't they be paid in the currency they themselves destroyed?

Anonymous Coward
User ID: 540167
11/1/2008 2:25 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT

Quote

https://online.kitco.com/popups/lowstock.html

The following products have been temporarily removed from our Precious Metal Store until further notice due to production and delivery delays that retailers are currently facing; Gold Eagle 1 oz, Gold Maple 1 oz, Special Gold Maple 5 X 9 pure 1 oz, Gold Buffalo 1 oz, Gold Krugerrand 1 oz, Gold Bar 10 oz, Gold Bar 1 oz, Kitco Gold Bar 1 oz, Kitco ChipGold 10 g, Kitco ChipGold 20 g Gold Philharmonic 1 oz, Silver Philharmonic 1 oz, Silver Eagle 1 oz, Silver Maple 1 oz, Silver Bar 100 oz, Platinum Eagle 1 oz, Palladium Maple 1 oz, Silver Maple Olympic Coin 1 oz.

These products will be relisted and available for order as soon as fresh inventory is readily available. In the interim, we will focus on completing pending orders as our top priority.

Please note that all remaining products listed in our Precious Metal Store are available for delivery including 1000 oz Silver bars.

Anonymous Coward
User ID: 557788
11/23/2008 10:25 PM

Re: THE OFFICIAL GOLD CONFISCATION THREAD....PG 17 US PATRIOT ACT...READY FOR IT	Quote

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