COULD OBAMA BAN/CONFISCATE GOLD? | |
Anonymous Coward User ID: 493498 United States 05/22/2009 08:54 PM Report Abusive Post Report Copyright Violation | |
von doom User ID: 679212 United States 05/22/2009 08:57 PM Report Abusive Post Report Copyright Violation | |
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von doom User ID: 679212 United States 05/22/2009 09:01 PM Report Abusive Post Report Copyright Violation | I think people who believe gold will be used for commerce in lieu of a viable currency are mistaken Quoting: Anonymous Coward 493498they're just trying to preserve buying power. How? How can anyone guess what conversion from PMs to currency will be after the SHTF? That's how they'll do it, which is just as good as confiscating it. |
Anonymous Coward User ID: 493498 United States 05/22/2009 09:04 PM Report Abusive Post Report Copyright Violation | I think people who believe gold will be used for commerce in lieu of a viable currency are mistaken Quoting: von doom 679212they're just trying to preserve buying power. How? How can anyone guess what conversion from PMs to currency will be after the SHTF? That's how they'll do it, which is just as good as confiscating it. Whatever it is, I am betting you that it will be more than the conversion of your failed US dollars to the Amero / NAU bucks or what have you. |
smoelike User ID: 662447 United States 05/22/2009 09:07 PM Report Abusive Post Report Copyright Violation | |
von doom User ID: 679212 United States 05/22/2009 09:09 PM Report Abusive Post Report Copyright Violation | I think people who believe gold will be used for commerce in lieu of a viable currency are mistaken Quoting: Anonymous Coward 493498they're just trying to preserve buying power. How? How can anyone guess what conversion from PMs to currency will be after the SHTF? That's how they'll do it, which is just as good as confiscating it. Whatever it is, I am betting you that it will be more than the conversion of your failed US dollars to the Amero / NAU bucks or what have you. I wouldn't be so sure of that. A devalued dollar is relative to an inflated ounce of gold. |
TheGasMan (OP) User ID: 410747 United States 05/22/2009 09:11 PM Report Abusive Post Report Copyright Violation | He could, precedent has been set: but will he? Let's check with his Masters. Quoting: smoelike 662447As spoken by a member of another forum... "Ultimately these marching orders would be coming down from Chateau Rothschild. There was a reason why they gave up their two hundred year seat on the London Fix a couple of years ago. No doubt they have been buying cheap gold hand over fist ever since, with no conflict of interest issues. Time to spring the trap now? " |
asiriusfriend User ID: 650938 United States 05/22/2009 09:25 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 606636 United States 05/22/2009 09:28 PM Report Abusive Post Report Copyright Violation | "Confiscation" would be impractical, the treasury can keep printing unbacked dollars for domestic use. But legislation that would disallow individuals to buy sell and trade in gold, with the exception of bank exchange for currency at a set government rate seems within the possibilities of someone who would offer Chrysler investors 20 cents on the dollar for their stock. |
The Commentator User ID: 587619 United States 05/22/2009 09:30 PM Report Abusive Post Report Copyright Violation | obamalamadingdong could try, don't think he would get very far. Real Americans are nothing like the addle brained half wits he is used to hanging around. I suspect he would have a helluva fight on his hands. Of course I could be wrong. non sufficit Orbis Being a zetatard means never having to make sense. "Nancy pays me to post on Her threads" Free Store admits to being a paid zetadrool shill NO max/bridget EVER!!!!! NO luser EVER!!! NO clunker EVER!!!!! |
Anonymous Coward User ID: 655873 United States 05/22/2009 09:39 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 670060 United States 05/22/2009 09:41 PM Report Abusive Post Report Copyright Violation | gold has gone totally international, how do you prevent Quoting: asiriusfriendtrading in something that other countries have based part of their economy on? china and the saudis would freak! No it isn't. China, Saudi Arabia, and other countries DO NOT base their economy or currency on gold. Foreign currencies are valued based on the U.S. Dollar (as it is the world reserve currency). The dollar used to be backed by gold, thus all currencies were ultimately backed by gold as they could exchange their currency for dollars which was then exchangeable for gold. However, America left the gold standard and went to a full fiat currency; the U.S. dollar is backed by absolutely nothing! All foreign currencies are based on the dollar (which is based on nothing), so they are in fact worthless fiat currency also. That is why the world tanks when America goes into recession/depression. You have the entire world's currency (and thus economies) based on completely worthless pieces of paper; just as the banking elite planned many years ago. |
TheGasMan (OP) User ID: 410747 United States 05/22/2009 09:53 PM Report Abusive Post Report Copyright Violation | Well, the people with gold are mostly the same people with all the guns. I don't see confiscation happening. Quoting: Anonymous Coward 493498People already turn in guns for money or food. What do you think will happen when things really hit the fan and people are desperate? Not to mention, a lot of gun owners are law abiding citizens. So, if they make it law that you have to turn it in, they will. |
TheGasMan (OP) User ID: 410747 United States 05/22/2009 09:58 PM Report Abusive Post Report Copyright Violation | Nobody is going to confiscate Gold...and if they tried they would have to dig up half the state. Quoting: Anonymous Coward 683007They did back in 1933. Now of course, not everyone turned theirs in. Why do you think that the 1933 double eagle is one of the most valuable coins on Earth? And all of those pre 1933 eagles and half eagles...well they obviously weren't turned in either. There are some that debate if owning a gold coin dated 1933 or earlier is even legal. |
KEVAN User ID: 685358 United States 05/22/2009 11:12 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 646621 United States 05/23/2009 12:53 AM Report Abusive Post Report Copyright Violation | Nobody is going to confiscate Gold...and if they tried they would have to dig up half the state. Quoting: TheGasManThey did back in 1933. Now of course, not everyone turned theirs in. Why do you think that the 1933 double eagle is one of the most valuable coins on Earth? And all of those pre 1933 eagles and half eagles...well they obviously weren't turned in either. There are some that debate if owning a gold coin dated 1933 or earlier is even legal. We have learned from this have we not? |
Anonymous Coward User ID: 565883 United States 05/23/2009 12:58 AM Report Abusive Post Report Copyright Violation | They're doing it now, havn't you seen all those commercials? Cash4gold, etc. "Sell us your gold, just mail it in and we'll send you a check." My g/f mentioned that this is how they are getting all the gold back, and I thought about it, and I think she's right. Where's all that gold go? And what a better way to get all the gold back than to buy it back. And judging by the number of commercials and advertising I've seen, I think its working. |
asiriusfriend User ID: 650938 United States 05/23/2009 01:18 AM Report Abusive Post Report Copyright Violation | gold has gone totally international, how do you prevent Quoting: Anonymous Coward 670060trading in something that other countries have based part of their economy on? china and the saudis would freak! No it isn't. China, Saudi Arabia, and other countries DO NOT base their economy or currency on gold. Foreign currencies are valued based on the U.S. Dollar (as it is the world reserve currency). The dollar used to be backed by gold, thus all currencies were ultimately backed by gold as they could exchange their currency for dollars which was then exchangeable for gold. However, America left the gold standard and went to a full fiat currency; the U.S. dollar is backed by absolutely nothing! All foreign currencies are based on the dollar (which is based on nothing), so they are in fact worthless fiat currency also. That is why the world tanks when America goes into recession/depression. You have the entire world's currency (and thus economies) based on completely worthless pieces of paper; just as the banking elite planned many years ago. their currencies are not based on gold, they have however invested heavily on speculation. and they are both pillars of support to the U.S. Americans in any case would simple create a black market and cross the boarders. |
snark Forum Administrator User ID: 572354 United States 05/23/2009 01:29 AM Report Abusive Post Report Copyright Violation | Re: all the "gold buying" ads...when someone is pounding on you to sell them something, DO NOT SELL! If someone is going to steal it from you (confiscation) then it's time to get the shovel out. T For Texas, T For Tennessee! The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis |
Anonymous Coward User ID: 672705 United States 05/23/2009 01:30 AM Report Abusive Post Report Copyright Violation | |
TheGasMan (OP) User ID: 410747 United States 05/23/2009 01:33 AM Report Abusive Post Report Copyright Violation | Nobody is going to confiscate Gold...and if they tried they would have to dig up half the state. Quoting: Anonymous Coward 646621They did back in 1933. Now of course, not everyone turned theirs in. Why do you think that the 1933 double eagle is one of the most valuable coins on Earth? And all of those pre 1933 eagles and half eagles...well they obviously weren't turned in either. There are some that debate if owning a gold coin dated 1933 or earlier is even legal. We have learned from this have we not? I am sure some have....but time will tell. |
Anonymous Coward User ID: 684717 United States 05/23/2009 01:33 AM Report Abusive Post Report Copyright Violation | Interesting premise, but there is no way even all the gold in the world would be able to get us all out of the fix we are in. It will have to be something totally radical. Something that will cut down on all thew huge deficits, and the ability of crooks to steal the governments money. The only answer, is a universal virtual credit currency unit that is traceable for each and every transaction carried out. No more theft, as every valuable item either bought or sold would have a unique id number that traces to the unique id number of the parties involved in the transaction. This is a completely new system of commerce, and tracking. A brotherhood of the world. It will completely change the way we live, and at first it will seem to be the salvation of the world, but soon it will be revealed for what it is, the system that will herald the end of this present world. |
Anonymous Coward User ID: 672705 United States 05/23/2009 01:34 AM Report Abusive Post Report Copyright Violation | |
TheGasMan (OP) User ID: 410747 United States 05/23/2009 01:37 AM Report Abusive Post Report Copyright Violation | Re: all the "gold buying" ads...when someone is pounding on you to sell them something, DO NOT SELL! If someone is going to steal it from you (confiscation) then it's time to get the shovel out. Quoting: snarkWell, I don't think it will be outright confiscation...but I do think they might create a law that says, "You are required by law to forfeit any gold that you have and we will give $x dollars for it. Just like they did in the 30's. |
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