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The Day The Government Seized Americans' Gold - April 5th 1933

Tyler Durden's picture





 

From GoldCore

The Day The Government Seized Americans' Gold - April 5th 1933

Alix Steele reports on the 1933 declaration by U.S. President Franklin Delano Roosevelt to have American’s turn in their gold on Bloomberg TV’s “Lunch Money”. 

“80 years ago on April 5th, 1933, was the day that the federal government took all our gold and changed the precious metals as we know it,” said Alix Steel.

April 5th, 1933, FDR confiscated every gold coin, bar, or certificate and people had to turn in their gold to the Federal Government or else they would face a fine of $10,000 or 10 years in jail.  That is about $179,000 in today’s money.  You were able to keep a small amount or some rare coins and those that did give up their gold received about $20/oz. 

“Why would the government do that?” asks Ms. Steel.  They did this for the following reasons:

1. To prevent hoarding.

2. To devalue the dollar during the Great Depression.

3. The government set the gold price at $35/oz and pegged it to the dollar.

“But this could never happen again, right?” asks Ms. Steel. “Well tell that to Texas.”  

Steel reports, “The state of Texas is contemplating creating a bill to create the Texas Bullion Depository to protect its gold. It will abandon its New York depository and move their gold back stateside.  If the U.S. Federal Government tries to come for their gold the state says it is prepared to fight with the 10th amendment.  Arguing that state’s rights trump any order by the federal government.” 


Palladium in USD , 5 Year – (Bloomberg)

The confiscation of individuals and companies savings by the Troika (EU, ECB and IMF) in Cyprus shows how there is a risk of confiscation of all assets - from deposits to pensions funds to stored gold.

This is something we have long warned of and we have consistently said that if confiscation takes place it will be of large stores of pooled gold, ETF custodial and unallocated gold in the banking system and large holdings of gold stored with companies and in countries that are massively indebted.

This shows the vital importance of owning gold either with a AAA rated government that has a tradition of respect for property rights or in a private depository in a safer country such as Switzerland. It also shows the importance of owning and taking personal possession of some gold coins and bars. 

Anecdotally it is known that many people did not turn in their gold in 1933. Today, it would be even more problematic and governments would be unlikely to send the police door to door to confiscate the tiny amounts of gold coins and bars held by its citizens. 


Platinum in USD, 10 Year – (Bloomberg)

NEWS

Gold extends losses on gains in equities - Reuters

Gold Drops for Second Day as ETPs Decline to Seven-Month Low - Bloomberg

U.S. Pacific Commander Calls North Korea a ‘Clear’ Threat - Bloomberg

Bullion Hub: Dubai’s Gold Trade Exceeds $ 70 Billion – Arab News

COMMENTARY

Video: Texas Wants Its Gold Back - Bloomberg

Video: Gold Price – Manipulation on the Rise? – Business News Network

63% of Dubai Precious Metals Conference delegates think gold is heading towards $3,000 by 2014 - GoldSeek

80% Chance Of 40% Silver Short Squeeze – Zero Hedge

For breaking news and commentary on financial markets and gold, follow us on Twitter.

 


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Tue, 04/09/2013 - 08:48 | Link to Comment stinkhammer
stinkhammer's picture

come and get it Ben

Tue, 04/09/2013 - 08:52 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

As a wee lad.....I remember holding the illegal gold.

 

You can take my freedom and my guns.......but get your damn hands off my gold.

Tue, 04/09/2013 - 08:57 | Link to Comment eigenvalue
eigenvalue's picture

Do you mind my taking your wife and daughters? I will treat them well...

Tue, 04/09/2013 - 09:00 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

You'd just better hope they treat you well. All the women I know are highly armed.

 

Go ahead and try it.

Tue, 04/09/2013 - 09:07 | Link to Comment eigenvalue
eigenvalue's picture

Really? I don't think the women like Becky Quick are highly armed.

Tue, 04/09/2013 - 09:11 | Link to Comment Joe Davola
Joe Davola's picture

"state's rights", "property rights"

Yeah, uh-huh.

Tue, 04/09/2013 - 09:14 | Link to Comment idea_hamster
idea_hamster's picture

“turn in their gold … or 10 years in jail”

So let me get this straight:

I keep my buried gold, get 10 years of “three hots and a cot” with no worries about unemployment, mortgage or rent, or spiraling gasoline and electricity prices, and then emerge as the newest member of the “opulence – I haz it” crowd?

Perhaps orange suits me….

Tue, 04/09/2013 - 09:17 | Link to Comment scatterbrains
scatterbrains's picture

No this time you'll be classified a terrorist and held without a hearing/trial until you rot or tell us where you hid it, which ever comes first, no big deal really.

Tue, 04/09/2013 - 09:28 | Link to Comment gmrpeabody
gmrpeabody's picture

Maybe they'll be able to recover my boat at the same time...

Tue, 04/09/2013 - 10:13 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Any gov / central bank that wants to print like mad wants to make sure there is no citizen option for the "fear trade" - i.e. fear of the printing press.

Krugman - looks like your fear trade is on bigtime this morning in gold and silver. Especially silver.

Tue, 04/09/2013 - 10:17 | Link to Comment Enslavethechild...
EnslavethechildrenforBen's picture

All the reason more to BUY

Tue, 04/09/2013 - 18:17 | Link to Comment StychoKiller
StychoKiller's picture

Today, the BDI closed at 858, down 3.00

 

Tue, 04/09/2013 - 10:27 | Link to Comment tarsubil
tarsubil's picture

Sounds awfully familiar.

One of the last things Elie Wiesel's dad told him was about where the gold was buried.

Tue, 04/09/2013 - 09:19 | Link to Comment El Viejo
El Viejo's picture

Bravo Texas!

Tue, 04/09/2013 - 09:33 | Link to Comment patb
patb's picture

Don't forget, lots of sex too.

 

 

Tue, 04/09/2013 - 09:23 | Link to Comment Bad Attitude
Bad Attitude's picture

At this point in time, it would be counterproductive for Texas to tell The regime "Fuck you, get your refined petroleum products somewhere else."

Tue, 04/09/2013 - 09:12 | Link to Comment BaBaBouy
BaBaBouy's picture

Two Words ...

Civil War ...

Tue, 04/09/2013 - 09:22 | Link to Comment FL_Conservative
FL_Conservative's picture

Two words: "What gold?"

Tue, 04/09/2013 - 10:05 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

"Boating accident".

Tue, 04/09/2013 - 10:32 | Link to Comment Honey Badger
Honey Badger's picture

Benelli M4 with 00.

Tue, 04/09/2013 - 10:40 | Link to Comment 55 men
55 men's picture

"saiga 12".

Tue, 04/09/2013 - 18:18 | Link to Comment StychoKiller
StychoKiller's picture

So sorry, I've developed CRS (Can't Remember Sh!t), so it's gonna be awhile afore I can remember where I buried it...

Tue, 04/09/2013 - 18:59 | Link to Comment ncdirtdigger
ncdirtdigger's picture

To quote H. R. Clinton, "ummmm, I don't recall".

Tue, 04/09/2013 - 10:20 | Link to Comment tango
tango's picture

Two words:  No way.   Nations only dissolve into civil wars when all else has been tried, when conditions have deteriorated to the point of no return.  Even the near complete disintegration of society (as in Greece) has not changed minds - the vast majority still support the very system that led to their demise.

Obviously, folks who travel, save, entertain, shop and spend (as in TX) are not near a point of no return nor would they do anything to upset the apple cart.   Civil war would ONLY come if conditions worsen, if there is a viable alternative, if they are sure things will be better on the other side.

Tue, 04/09/2013 - 11:59 | Link to Comment JimBowie1958
JimBowie1958's picture

Obviously, folks who travel, save, entertain, shop and spend (as in TX) are not near a point of no return nor would they do anything to upset the apple cart.

Agreed. The people hoping for a Civil War are either:

1. Losers hoping that they can rule afterwards when their status as losers now have taught them nothing.

2. Criminals that hope to rob and steal; in the words of the Sex Pistols song 'Anarchy', 'the future is bringing a shopping spree.'

3. Fools and morons who dont know what the fuck they are asking for. If we get a real bosnia on our hands kiss most of the elderly good-bye and half the kids.

4. People that  live in a fantasy world where the removal of government brings in a utopia instead of a Thugacracy. Not that there is all that  much difference at times, but there realy is.

Tue, 04/09/2013 - 12:01 | Link to Comment tbone654
tbone654's picture

it's like boiling the frog...  before you know it, your a goverment serf, and there is an imperial ruler...

Tue, 04/09/2013 - 12:03 | Link to Comment tbone654
tbone654's picture

good call on Bosnia...  Civil war looks glamorous, until your getting your ass shot off, and your whole family is dead...

Tue, 04/09/2013 - 10:28 | Link to Comment tarsubil
tarsubil's picture

Power struggle, yes. Civil war? I'm thinking no. The people in power pushing this in Texas better watch their backs. They might end up like the other despots who asked for delivery.

Tue, 04/09/2013 - 09:17 | Link to Comment Surly Bear
Surly Bear's picture

Article VI Clause 2: 'This Constitution, and the Laws of the United States which shall be made in pursuance thereof; and all treaties made, or which shall be made, under the authority of the United States, shall be the supreme law of the land; and the judges in every state shall be bound thereby, anything in the constitution or laws of any state to the contrary notwithstanding.'

If you think that Texas' rights trump any order by the federal government then you are sorely mistaken, at least since 1865.

 

Tue, 04/09/2013 - 10:22 | Link to Comment tango
tango's picture

Not quite sure why you got the down arrows since all you did was point out the obvious.   Just because something we don't like is true does not mean you "down" the messenger.  The feds would NEVER let TX go - with their jobs and job creation, population, natural resources and (mainly) the ability to draw in surrounding states - it will never happen peacefully. 

Tue, 04/09/2013 - 10:29 | Link to Comment MrBoompi
MrBoompi's picture

Three of the down arrows must have been Rick Perry, George W Bush, and Louis Gohmert.

Tue, 04/09/2013 - 10:41 | Link to Comment MachoMan
MachoMan's picture

Maybe because it's not true?  here is some additional reading: http://www.tomwoods.com/books/nullification/

Tue, 04/09/2013 - 13:32 | Link to Comment EINSILVERGUY
EINSILVERGUY's picture

Maybe so but sometimes you got to say WTF

Some things are worth fighting for regardless of whether you think you can win.

At that point its just a matter of taking as many of them as you can with you.

When 5000  soldiers of Santa Anna's army stood awaiting the order to take the Alamo, the men inside knew how it would end that they would not be spared any quarter.

Better to die on your feet than live on your knees.  You might be surprised. That philosophy still exists here in Texas

 

Tue, 04/09/2013 - 16:57 | Link to Comment exartizo
exartizo's picture

For to him that is joined to all the living there is hope. For a living dog is better than a dead lion.

Ecclesiastes 9:4

Tue, 04/09/2013 - 10:26 | Link to Comment chubbar
chubbar's picture

http://rt.com/news/wikileaks-assange-release-files-475/

Illegal we do immediately; unconstitutional takes a little longer’: Kissinger in new mass WikiLeaks document release

Tue, 04/09/2013 - 11:49 | Link to Comment cosmyccowboy
cosmyccowboy's picture

once again there will be signs hung in windows all over the country saying....GTT!!!

Tue, 04/09/2013 - 12:02 | Link to Comment JimBowie1958
JimBowie1958's picture

If you think that Texas' rights trump any order by the federal government then you are sorely mistaken, at least since 1865.

If you think that Texas pulling its gold out of Federal Reseerve banks somehow violates the Constitution, then you are an ignorant fucktard.

Tue, 04/09/2013 - 09:59 | Link to Comment White Horse of ...
White Horse of Mantic's picture

Most of the guys I know have their hunting rifles, its the women that have the AKs and glocks and go to the range on a regular schedule.

 

Beware of the soccer moms!

Tue, 04/09/2013 - 09:00 | Link to Comment ratso
ratso's picture

Will you sacremongers just give it a rest.  Pleazzze.

Tue, 04/09/2013 - 09:02 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Just when you start having fun....here come the regulators.

 

Please go home until the next election.

Tue, 04/09/2013 - 09:23 | Link to Comment FL_Conservative
FL_Conservative's picture

I thought it was John McCain and Lindsey Graham.

Tue, 04/09/2013 - 09:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Progressive Republicans........a contradiction in terms to be sure.

 

They use the name...but they're anything but conservative.

Tue, 04/09/2013 - 10:54 | Link to Comment TBT or not TBT
TBT or not TBT's picture

The republicans were the progressives on civil rights, slavery, jim crow etc. that's the history. The democrats were the states' rights party, the jim crow party, the slavery party, on the wrong side of most of that right through the vote on the civil rights act, which was opposed by most democrats. They are still the party of identity politics, discrimination based on color, origin, sexual preference, religion etc. the supposedly reactionary behavior remains democrat. What they are progressive on are drugs, sex, and free shit for their designated identity groups, gov workers, union cash suppliers other allies of convenience.

Tue, 04/09/2013 - 12:41 | Link to Comment FL_Conservative
FL_Conservative's picture

At one point, the republicans were the party of individual sovreignty and personal freedom.  That seems like SO LONG ago.

Tue, 04/09/2013 - 14:31 | Link to Comment Cathartes Aura
Cathartes Aura's picture

consider the up-rising of "conservative christianity" - particularly of the Zionist flavour, and see how much it creeps into repub policy proposals, and the "leaders" selected to represent.

I use the word "creep" with intention.

Tue, 04/09/2013 - 09:20 | Link to Comment Smegley Wanxalot
Smegley Wanxalot's picture

Why would you consider it scaremongering? Are you fucking stupid?

The federal govt stole gold before from people, assaults grannies at airports and rummages thru my underwear in my suitcase literally on every trip I fly, regulates my toilets and lightbulbs, forces me to buy health insurance that I neither need nor want, sicks the IRS on me if I dont obey to its dictates,  generally operates outside the Constitution in a manner that treats citizens as inferiors, runs drones over our heads to spy on our every move, mandates chips in our vehicles and cellphones that allow them to track almost every move we make, otherwise acts in a bullying manner toward private businesses and people, and provides very little of real value in return for its hostile intrusions on liberty.

History shows the federal govt will fuck up the lives and property of people at every turn, seize what it damn well wants, and incarcerate or kill anyone who disobeys its dictates. The federal govt is tyrannical in the literal sense of the word, only pretending on the surface to be benevolent and caring.  It needs to be brought down, just as every tyrannical regime eventually does or will be.

Tue, 04/09/2013 - 09:33 | Link to Comment 338
338's picture

History shows the federal govt will fuck up the lives and property of people at every turn, seize what it damn well wants, and incarcerate or kill anyone who disobeys its dictates. The federal govt is tyrannical in the literal sense of the word, only pretending on the surface to be benevolent and caring.  It needs to be brought down, just as every tyrannical regime eventually does or will be.

 

Government is force.

 

Period.

 

 If the U.S. Federal Government tries to come for their gold the state says it is prepared to fight with  every single impliment of war at our disposal.Including what we steal from every base and arsenal within the boundaries of the 'Republic of Texas'.

 

Fixed it for them.

 

Fuckin pussies, either say what you mean or shut the fuck up.

 

 

 


 

 

Tue, 04/09/2013 - 09:37 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

@ Smegley  You had me @ "Are you fucking stupid?" +1 & a standing O.. Bravo

Tue, 04/09/2013 - 10:28 | Link to Comment tango
tango's picture

I agree with your tenor but am still awaiting (impatiently) what you and others would replace it with.  Would we have 50 separate Republics with 50 separate sets of laws and coinage?  I could not support such folly.  What's needed is a new structure, vastly limited central state that performed the duties outlined in the Constitution with updates for the past 250 years (electronic, industrial, medical, technology issues) 

Tue, 04/09/2013 - 11:42 | Link to Comment BooMushroom
BooMushroom's picture

How do we get there from here? You think the Free Shit Army will ever vote to shrink their own pie so they can work forty hours a week to have a decreased standard of living?

Tue, 04/09/2013 - 13:30 | Link to Comment GubbermintWorker
GubbermintWorker's picture

Oh, I don't know, how about enforcing some laws that are already on the books relating to fraud? Jail the entire Fed for fraud and treason and most of the complicit actors in the Federal Gov't as well. That'd be a start.

Tue, 04/09/2013 - 11:00 | Link to Comment RafterManFMJ
RafterManFMJ's picture

This just in! The Taliban hates Smegley Wanxalot because of his Freedom!

Tue, 04/09/2013 - 14:38 | Link to Comment Cathartes Aura
Cathartes Aura's picture

epic rant Smegley, would that many here fully understand your words.

particularly those voters who accept the creeping control over other individuals, in exchange for getting their own needs met.

the law of un-intended consequences. . .

Tue, 04/09/2013 - 09:34 | Link to Comment kito
kito's picture

exactly, after all, relax, its not the gold the government wants, its the trillions in retirement accounts that they are salivating over.............................

Tue, 04/09/2013 - 10:24 | Link to Comment SilverDOG
SilverDOG's picture

kito,

 

Due to the fact; retirement accts are not in retirees POSSESSION. Nor made readily accessible.

 

As soon as dollar blows up. Real money may be aggressively sought.

 

Warnings of law restrictions placed upon paper retirement accounts in order for govt. confiscation

 

Fell on deaf boomers ears. "What?"

 

Suck it up boomer retards. You'll be getting No "free love man" but muddy feet cuz this aint' no

Woodstock, its you deservedly cornholed. HAaa ha.

 

Kito not targeted.

Tue, 04/09/2013 - 11:00 | Link to Comment TBT or not TBT
TBT or not TBT's picture

The debt we have piled up, public and private, will be extinguished one way or the other, because it cannot be repaid in real terms, only in inflated terms, or partially paid, or not paid. Who gets screwed over and how much will be the backdrop of our politics for a while. Expect the non powerful to get less so during the sorting out of all this.

Tue, 04/09/2013 - 13:42 | Link to Comment GubbermintWorker
GubbermintWorker's picture

That's why in short order, I will not have any retirement accounts left.

 

Annnd....its gone!

Tue, 04/09/2013 - 09:37 | Link to Comment Agstacker
Agstacker's picture

It isn't scaremongering to point out a historical fact.

Tue, 04/09/2013 - 10:05 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Hey ratso..... What the hell is a "sacremonger" ? The way you spell,your user name is probably "fatso".

Tue, 04/09/2013 - 11:46 | Link to Comment BooMushroom
BooMushroom's picture

It is Le French!
Sacre = holy
Monger = fish seller.

He must have meant that the argument stunk! But he is wrong, and dumb. Also possibly a poor speller who lacks and or ignores spellcheck.

Tue, 04/09/2013 - 19:35 | Link to Comment TeMpTeK
TeMpTeK's picture

Notice how they're coming for the guns first?

Tue, 04/09/2013 - 09:11 | Link to Comment notadouche
notadouche's picture

His daughters didn't belong to him to begin with thus your not "taking" them away you are just being part of the "Village" and wanting to impart your wisdom on them.  This "your kids do not belong to you" notion officially ends any needed amber alerts and officially does away with kidnapping as a crime.

Tue, 04/09/2013 - 09:12 | Link to Comment SubjectivObject
SubjectivObject's picture

eiginvalid!

Giving it your best shot!

I knew you had it in you.

Tue, 04/09/2013 - 08:57 | Link to Comment Pladizow
Pladizow's picture

For this and several other reasons, always try to purchase gold in cash - NO record!

Tue, 04/09/2013 - 09:20 | Link to Comment HoofHearted
HoofHearted's picture

I bought some gold with a CC, but it got traded for that there gun. I spent some of it on drugs and hookers. The rest I just wasted.

Tue, 04/09/2013 - 10:41 | Link to Comment serog
serog's picture

I'm a terrible poker player.

Tue, 04/09/2013 - 12:31 | Link to Comment Plata con Carne
Plata con Carne's picture

Pretty much purchase anything which could possibly be considered nefarious with cash. A couple's home was recently raided because of a large purchase at an aquaponics store. Luckily the  DEA only found squash and tomatoes. 

Tue, 04/09/2013 - 09:33 | Link to Comment Groundhog Day
Groundhog Day's picture

Door to door confiscation of gold by the police might lead to them collecting a lot of brass and lead

Tue, 04/09/2013 - 10:26 | Link to Comment SilverDOG
SilverDOG's picture

Guaranteed.

Tue, 04/09/2013 - 10:37 | Link to Comment MassDecep
MassDecep's picture

GetZeeGold

You can't have what's left of my freedom or my guns either!

 

 

Tue, 04/09/2013 - 12:30 | Link to Comment Mr. Magoo
Mr. Magoo's picture

There is 1 technicality, the dollar was pegged to the gold price and today it is pegged to thin air. 

Tue, 04/09/2013 - 13:53 | Link to Comment steve from virginia
steve from virginia's picture

 

 

The dollar is pegged to petroleum not just here but everywhere the dollar is traded/exchanged.

 

What happens when gas goes above $4/gallon?

 

That's a peg.

Tue, 04/09/2013 - 08:54 | Link to Comment Urban Roman
Urban Roman's picture

If they thought it would keep them in power five minutes longer, the banksters would be advising Zero to confiscate your old jar of toenail clippings. 

But they took a survey and found that the gold worked better. So they'll go after that. 

Tue, 04/09/2013 - 08:57 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Bank accounts and 401K's are easier.....it's just an electronic transaction. The fact that no one is shooting at you is a big plus.

Tue, 04/09/2013 - 09:07 | Link to Comment Winston Churchill
Winston Churchill's picture

Guns,401k's ,bank accounts, and gold. In that order.

They want it all.Everything.

Tue, 04/09/2013 - 09:23 | Link to Comment El Viejo
El Viejo's picture

It's the power they want.

Tue, 04/09/2013 - 09:25 | Link to Comment Winston Churchill
Winston Churchill's picture

Money IS power.

Tue, 04/09/2013 - 09:28 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

If you don't have your state sponsored healthcare.....you really have nothing.

Tue, 04/09/2013 - 09:35 | Link to Comment Groundhog Day
Groundhog Day's picture

The abilty to spend money is power.  If you have money and choose not to spend it, that is a greater power

Tue, 04/09/2013 - 10:10 | Link to Comment darteaus
darteaus's picture

Did Yoda say that?

Tue, 04/09/2013 - 10:32 | Link to Comment Groundhog Day
Groundhog Day's picture

Thats's funny.  But no yoda didn't say it.  I'm saying it

Tue, 04/09/2013 - 12:16 | Link to Comment Meat Hammer
Meat Hammer's picture

Krugman calls that hoarding.

Tue, 04/09/2013 - 10:41 | Link to Comment serog
serog's picture

You missed bitcoin

Tue, 04/09/2013 - 18:30 | Link to Comment StychoKiller
StychoKiller's picture

Without the private key, all that they could confiscate would be a string of random bits.  Keep a copy of your hash/key somewhere safe (on paper).

Tue, 04/09/2013 - 10:53 | Link to Comment The Continental
The Continental's picture

Bullish toenail clippings!

Tue, 04/09/2013 - 08:56 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Maybe they will "seize" it to cover up the fact that it doesn't exist?

Tue, 04/09/2013 - 10:08 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

+1 Instant deflation.  WHAM-O

Tue, 04/09/2013 - 13:25 | Link to Comment Zymurguy
Zymurguy's picture

But, but, but... Ben has already said he doesn't think it has any value today and it's just an antiquated romance we have with the pathetic old metal.

So, surely he wouldn't want to side with any sort of confiscation of it, right? (sarc off)

Tue, 04/09/2013 - 19:31 | Link to Comment TeMpTeK
TeMpTeK's picture

 

The Gold Confiscation Myth

http://www.youtube.com/watch?v=HuMmQX2TWoQ

Tue, 04/09/2013 - 08:50 | Link to Comment Banksters
Banksters's picture

File this under, Land of the FREE  home of the BRAVE.

 

And why do people hoard gold but save money.  Never quite wrapped my mind around that one. 

Tue, 04/09/2013 - 08:50 | Link to Comment Temporalist
Temporalist's picture

Gold evil; fiat paper green and pretty! 

Tue, 04/09/2013 - 08:52 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

You can't really hoard something they can create at will, now can you?

Tue, 04/09/2013 - 08:56 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

Call up the militia Ricky , let's bring that shit home.

Tue, 04/09/2013 - 09:11 | Link to Comment Son of Loki
Son of Loki's picture

2013 is not 1933.

Tue, 04/09/2013 - 09:33 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

In 1933 we trusted in the government.....not so much anymore.

 

Be patriotic and give you my money? I don't think so.

Tue, 04/09/2013 - 10:31 | Link to Comment SilverDOG
SilverDOG's picture

Banksters,

 

Hoard and whored; both require digging holes.

Tue, 04/09/2013 - 08:48 | Link to Comment buzzsaw99
buzzsaw99's picture

Good luck getting that gold out of NYC Texas. I'll believe it when I see it. Your gold has been assimilated.

Tue, 04/09/2013 - 08:51 | Link to Comment the not so migh...
the not so mighty maximiza's picture

It would make a great Walker Texas Ranger episode, Chuck norris is dispatched to NYC with a group of Rangers and they have to fight their way thorugh a NY State Trooper brigade and karate chop Governor Cuomo in half to get to the gold.

 

Tue, 04/09/2013 - 08:54 | Link to Comment GMadScientist
GMadScientist's picture

Why chose TV when drillbits are so handy?

Tue, 04/09/2013 - 09:02 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Chuck Norris doesn't need no stinkin group of rangers...

Tue, 04/09/2013 - 09:52 | Link to Comment JOYFUL
JOYFUL's picture

Steady on ol sock. You're going to need more than Chuck can bring to the job.

I don't trust Bloomberg, and I wouldn't trust anybody who works for them...especially with a name like "Alix Steel"...most especially if said persons' bio included time @"THE STREET" ... "with a primary focus on gold" (!?!?)

Texas, stripped of all the mythologies of frontiersmen, Alamos, and last stands of liberty, has been an outpost of Sephardic cabbalist hebraic plotting against the Republic since before it joined to it...a land of jewish grandees and latifundistas whose lease expired in a wised up Mejico and moved north in search of greener pastures...and greener dupes. with which to duplicate their serial crimes against man and nature amongst.

Scoffers can simply refer themselves to the events of a November day, and the biological backgrounds of the man(and his wife)who succeeded to the office of the last legitmate Merikan President...a "Marrano Tejano," LBJ who took the reins of power on behalf of the international kosher kriminal syndicate which issued it's dictates from the office of Louis Bloomfield of Montreal - international lawyer of extensive espionage background (British intelligence, Haganah, OSS, CIA)...and right hand man to Sam Bronfman,(bnai brith), henchman of Nahum Goldmann, the president of the World Jewish Congress who orderd the hit in Dallas.

From Louisiana to the Carolinas, to Lanskys' Florida Fiefdom, the ol South is a patchwork of phariseeutical plantations...far as the eye can see...there will be no 'rebel' Tejas, nor anywhere else where the Flag of the Confederacy once flew...any more than there will be any shiny to be found in the basement of buildings in Manhattan. Rather than a seccession of States, what is needed is a unified rebellion of the Europoid peeples against their talmudic overlords. Before some present day dual-citiizened grandee in DC pushes the sionist war buttons too far down to retreat back to sanity.

Personally, I would suggest bringing in Emma Peel, and sacking this "Alix Steel" .... the Brits were betrayed by the same bunch long before the cousins, and have the kind of steely eyed professionalism needed to solve the case of the missing Republic...and it's gold! And Steed's brolly may be needed to fend off "Umbrella Man" in case the case takes them back to Elm Street.

The United States, as the world knows, will never start a war. We
do not want a war. We do not now expect a war. This generation
of Americans has already had enough—more than enough—of
war and hate and oppression. We shall be prepared if others
wish it. We shall be alert to try to stop it. But we shall also do our
part to build a world of peace where the weak are safe and the
strong are just. We are not helpless before that task or hopeless
of its success.


… What kind of a peace do I mean and what kind of a peace do
we seek? Not a Pax Americana enforced on the world by
American weapons of war. Not the peace of the grave or the
security of the slave. I am talking about genuine peace, the kind
of peace that makes life on earth worth living, the kind that
enables men and nations to grow and to hope and build a better
life for their children—not merely peace for Americans but peace
for all men and women—not merely peace in our time but peace for all time...

Last of the Patriot Presidents\American University, June 10, 1963)

Tue, 04/09/2013 - 11:57 | Link to Comment Thisson
Thisson's picture

Holy shit - you are breathtakingly stupid.  I mean, the extent of your stupid is just amazing!!  Texas as a hotbed of Jewish *anything*?  You've got to be kidding me.  Have you ever even been to Texas?  Can you even find a fucking BAGEL in the state of Texas?  Seriously, get the fuck out of here with your stupid Jewbashing nonsense.

Tue, 04/09/2013 - 12:38 | Link to Comment JOYFUL
JOYFUL's picture

Think I'll stick around lil buddy...

Yu may have spent your entire life in Texas - it doesn't really matter tho...

if 'bagels' are the clue you've been looking for to unlock the mystery of Nov 22nd, you've wasted the experience entirely. Big hat, no cattle.

Now, explain that 'lone gunman' theory to us one more time?

Tue, 04/09/2013 - 14:41 | Link to Comment akak
akak's picture

The Juice!  The Juice!

Run for your lives from the Juice!

Tue, 04/09/2013 - 13:30 | Link to Comment Zymurguy
Zymurguy's picture

that post was way too fucking long... I was like, huh? then I was like, wha? then I was like, sheesh dude, fuck it and I moved on.  Tip for posters, try to keep it down to one screens worth of copy... mmmm, okay?

Tue, 04/09/2013 - 14:50 | Link to Comment Cathartes Aura
Cathartes Aura's picture

Texas has Rick "Build-a-burger" Perry on auto-play. . . massive distractions/dissonance evident, and the list grows long from that point.

Tue, 04/09/2013 - 09:53 | Link to Comment darteaus
darteaus's picture

He would be on the floor curled up and snivelling; no way would he be trying to fight.

Tue, 04/09/2013 - 08:55 | Link to Comment mummster
mummster's picture

Corzined

....lol

Tue, 04/09/2013 - 09:00 | Link to Comment Urban Roman
Urban Roman's picture

You meant to say "rehypothecated". 

It's a rare violation of the physics law of conservation of mass. It was there, and now it isn't. 

Tue, 04/09/2013 - 09:03 | Link to Comment buzzsaw99
buzzsaw99's picture

Okay, as in: There ain't no way Texas is gonna rehypothecate their gold out of NYC. I don't care how many pro wrestlers or Texas Rangers come to get it.

Tue, 04/09/2013 - 09:49 | Link to Comment salvadordaly
salvadordaly's picture

Buzz, WE HAVE CHUCK NORRIS! All he needs is the word, and it's ours.

Tue, 04/09/2013 - 13:35 | Link to Comment Zymurguy
Zymurguy's picture

Texas to NYC:  "please return our gold"

NYC:  sends a picture of gold to Texas

Texas:  sends a picture of Chuck Freakin' Norris to NYC

NYC: delivers gold promptly

Tue, 04/09/2013 - 09:02 | Link to Comment Bearwagon
Bearwagon's picture

That is called "vaporization", and it doesn't violate any laws of physics   ;)

Tue, 04/09/2013 - 09:16 | Link to Comment Lets_Eat_Ben
Lets_Eat_Ben's picture

and Rick Perry is a faggot of the highest order

Tue, 04/09/2013 - 09:19 | Link to Comment Bold Eagle
Bold Eagle's picture

That's why they plan to sell gold certificates and buy bullion which will be delivered to Texas.

Tue, 04/09/2013 - 09:41 | Link to Comment Groundhog Day
Groundhog Day's picture

The thing with gold is that if their were any way to track it like a serial number, the fed could simply melt it and make a new brick with it and new serial number. 

"that serial number does not exist texas, please check your records and try again, and thank you for calling the NYC Fed automated telephone line.  We value your business and look forward to serving you in the future.  Have a good day.  Good BYE"

Tue, 04/09/2013 - 08:50 | Link to Comment rsnoble
rsnoble's picture

I'm about tired of this fucking clown show on this planet.  The entire planet is insane.

Tue, 04/09/2013 - 09:22 | Link to Comment Bold Eagle
Bold Eagle's picture

There are plenty of sane people out there, but insanity rules.

Tue, 04/09/2013 - 11:02 | Link to Comment SilverDOG
SilverDOG's picture
rsnoble, Insanity: doing the same thing over and over again and expecting different results. -Einstein 

Some of us seem to remember this horrific cycle of blosoming tyranny, and scream NO!

Just like a mute man, screaming to a deaf crowd. ZERO results.

 

pop pop pop for the deaf. 1 in the head and 2 in the chest. They won't even hear it coming.

Tue, 04/09/2013 - 08:50 | Link to Comment Dr.Engineer
Dr.Engineer's picture

Gresham's law in plain sight.

Tue, 04/09/2013 - 08:51 | Link to Comment smacker
smacker's picture

 

 

Such a policy would be difficult to implement today because of the rising number of boating accidents.

Tue, 04/09/2013 - 08:59 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

I bet they haad plenty of boating accidents before.  They just didn't advertize them as much....

Tue, 04/09/2013 - 09:00 | Link to Comment Winston of Oceania
Winston of Oceania's picture

It just wasn't written down as the conversation took place in soup lines.

Tue, 04/09/2013 - 12:17 | Link to Comment ClumsyBoatman
ClumsyBoatman's picture

Correct

Tue, 04/09/2013 - 08:52 | Link to Comment Sleepless Knight
Sleepless Knight's picture

I dont know what you all are talking about - what gold and how much?

Tue, 04/09/2013 - 09:10 | Link to Comment scatterbrains
scatterbrains's picture

For realz... let's hope BB can drive the price down to zero and we can drop it from the periodic table of elements and just forget about it (then Benny wakes up and his little pup tent collapses)

 

Tue, 04/09/2013 - 08:51 | Link to Comment GrinandBearit
GrinandBearit's picture

Someday you will read this headline:

"The Day The Government Seized Americans Bitcoins"

Tue, 04/09/2013 - 09:25 | Link to Comment IamtheREALmario
IamtheREALmario's picture

Just as the Federal Reserve owns all dollars and only gives you Federal Reserve Notes, my guess is that the banks already own all Bitcoins and you are only a beneficiary of the Bitcoins you think you own, similar to shares of stock (The Fed, through the DTCC owns all shares of stock where shareholders have not taken physical possession ... the so called shareholders are only "beneficiaries" of the shares).

My guess is that it will eventually come out that this is the truth.

Tue, 04/09/2013 - 11:29 | Link to Comment GrinandBearit
GrinandBearit's picture

Yes. 

Which leads me back to the question I have been asking since the beginning: Why haven't TPTB shut bitcoin down yet?

IMO, bitcoin was created/introduced by TPTB to get as many as they can into a all digital currency.

Apparently there are a LOT of naive, ignorant people out there who are incapable of one critical thought.

 

Tue, 04/09/2013 - 08:53 | Link to Comment GMadScientist
GMadScientist's picture

Texas should just secede already...and desist with making poorly thought out psuedo-constitutionality arguments (or at least read the whole document!).

 

Tue, 04/09/2013 - 09:01 | Link to Comment SheepDog-One
SheepDog-One's picture

Which Constitution, the old one or the new (after 1851 Act) all caps 'FOR' District of Columbia Corporate Constitution?

United States was the Virginia Company before it became 'US Inc.' and is Owned by the British Crown - YouTube

Tue, 04/09/2013 - 09:33 | Link to Comment GeezerGeek
GeezerGeek's picture

If that stuff is true I'm going to apply for admission to one of those Nazi bases in Antarctica. If I have to live under fascism I might as well have a choice as to which one.

 http://www.gnosticliberationfront.com/nazi_bases_in_antarctica.htm

Disclaimer: I don't believe this stuff and don't like Nazis or any other fascists.

Tue, 04/09/2013 - 14:44 | Link to Comment akak
akak's picture

At least you will get to ride in those cool Nazi flying saucers.

Tue, 04/09/2013 - 08:52 | Link to Comment francis_sawyer
francis_sawyer's picture

NY Fed elevator music = 'ALL MY EXES LIVE IN TEXAS'

Tue, 04/09/2013 - 08:58 | Link to Comment Winston of Oceania
Winston of Oceania's picture

You funny Dr Jones...

Tue, 04/09/2013 - 09:12 | Link to Comment johnQpublic
johnQpublic's picture

all my exes live in texas...thats why i keep my gold where i can seeee......(sung in gleefully shrieky voice)

Tue, 04/09/2013 - 08:53 | Link to Comment JustObserving
JustObserving's picture

In 1933, most of the world's gold may have been in USA.  Now it is in Asia.  So seizing gold in USA is pointless - might as well catch the wind.

Tue, 04/09/2013 - 08:54 | Link to Comment Temporalist
Temporalist's picture

The government has a monopoly on pointless, counterintuitive, feeble and poorly devised ideas.

Tue, 04/09/2013 - 08:53 | Link to Comment SheepDog-One
SheepDog-One's picture

'Alix Steele' has no idea about the govt gold confiscation? Just shows that these 'financial reporters' just couldn't make it as sports reporters....idiots.

Tue, 04/09/2013 - 08:53 | Link to Comment digalert
digalert's picture

What is missing every time this gold confiscation comes up, is the fact that in 1933, gold was money. Today, gold is not considered money by the fiat counterfeitors, even the Bernanke says it's nothing more than a tradition.

Tue, 04/09/2013 - 09:06 | Link to Comment notadouche
notadouche's picture

And yet governments the world over, including the US continues  partaking in that bygone tradition by buying it, storing it, guarding it and threatening to kill anyone who would dare try to steal it from Fed or Ft Knox and track/tax it as if it were money. A bit of a contradiction going on here from my perch.

Tue, 04/09/2013 - 11:11 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Let's see, capital gains on gold sales are taxed, whereas when we exchange Bennie bux for goods or services there is no capital gain or loss to be reported each time. So gold is not money.

Ron Paul had suggested as a measure to punish money printing and allow people to prevent confiscation of their wealth,, to eliminate capital gains taxes on gold sales. If we did that, then we would have gold=money restored. That won't happen, short of someone nuking the capital during a SOTU speech, or a president Rand Paul. The administrative state will not permit the loss of traction on our faces.

Tue, 04/09/2013 - 14:07 | Link to Comment notadouche
notadouche's picture

Who is talking about selling gold.  When you give gold in exchange for goods or services then I believe that would be defined as money.  "When you sell money...."  Oh wait, no one "sells" money so I'm not sure how you would compare selling vs bartering and act as if it makes any sense whatsoever.

Tue, 04/09/2013 - 09:10 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Do you actually believe them?

Tue, 04/09/2013 - 12:02 | Link to Comment BooMushroom
BooMushroom's picture

Why honor gold when you control fiat? But when BRICS make their move and the US loses it's reserve status, the federal government will need gold to buy things on the world market.

I see a resurgence of the phrase "not worth a greenback."

Tue, 04/09/2013 - 08:55 | Link to Comment jbvtme
jbvtme's picture

i pray you 'hedgers' will save a place in line to turn in my gold when that time comes...

Tue, 04/09/2013 - 08:55 | Link to Comment HD
HD's picture

As long as I have my stockpile of incandescent light bulbs I'll be okay...

Tue, 04/09/2013 - 08:58 | Link to Comment Temporalist
Temporalist's picture

All the CFL bulbs they sold and they still couldn't save Solyndra

Tue, 04/09/2013 - 09:18 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I've got 100 watt light bulbs......how many you need amigo?

Tue, 04/09/2013 - 09:48 | Link to Comment darteaus
darteaus's picture

You got high flow toilets and shower heads too?

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