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What If Gold Is Declared Illegal?
Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
The Beginning of the End
Over the weekend, the lines in Greece stretched along the street. Around the corner. Down the block. Lines to get cash. Lines to buy gas. Lines of people eager to get their hands on something of value. Food. Fuel. Cash. Pity the poor guy who was last in line …
… the poor taxi driver, for example, standing behind 300 other people, trying to get 200 lousy euros out of an ATM. Like a tragic nightclub customer … among the last to smell the smoke. By the time he headed for the exit, it was clogged with desperate people, all struggling to get through the same narrow door at the same time.
Being the last in line usually means you have waited too long.
Image via archives.gov, Al Capone’s Soup Kitchen, Chikago 1931
Remember: When a bear attacks in the woods, you don’t have to be faster than the bear. You just have to be faster than at least one other hiker…
Likewise, you don’t have to be the first one to get your money out of an ATM. You just want to be sure you get your money before the machine runs out of cash. And when a bear attacks Wall Street, you don’t have to be the first to sell. But you definitely don’t want to be the last.
People storming a bank in Shanghai in December 1948. The paper currency had just crashed, and the Kuomintang decided to make a distribution of 40 grams of gold per person. People desperately wanted to obtain their gold before the banks ran out.
Photo credit: Henri Cartier-Bresson
The Dow lost 350 points on Monday – its biggest point drop in two years. On Tuesday, Greece was expected to default on a $1.7-billion payment to the International Monetary Fund (IMF). And on the other side of the planet, analysts are looking at “the beginning of the end for Chinese stocks.”
We doubt it is the beginning of the end. More likely, it is just the end of the beginning. On Friday, the People’s Bank of China cut rates to a record low, after stocks in Shanghai slipped 7% in a single day (the equivalent of about 1,300 points on the Dow).
Analysts expected a big rally in response to the rate cut. Instead, the Shanghai Index plunged again on Monday, dropping 3%. Greece… China… said one commentator interviewed by Bloomberg: “You have a potentially very ugly situation this week.”
Our guess: Stocks in the U.S. and China have topped out. Old-timer Richard Russell, who has been studying markets since 1958, agrees:
“I believe the top has appeared, like the proverbial thief in the night. The Dow has fallen below the 18,000-point level, and is now negative for the year.
The Transports, which have led the way recently, are down triple digits for today and are only 89 points above the critical level of 8,000. The Nasdaq has closed under 5,000. At the market’s close, gold was up 5.3 at 1,179.”
Dow Transports Average and Industrial Average – the trannies have been declining for months, and following this big divergence, a first Dow Theory sell signal has now been given with the Industrials undercutting their previous reaction low as well, via StockCharts, click to enlarge.
When Gold Is Declared Illegal …
But wait … What about silver and gold? As regular readers know, we recommend having some cash on hand in case of a monetary emergency. But a reader asks:
“In the same vein as your reader’s question as to what good cash is when it’s declared illegal, what good is gold when gold is declared illegal?”
First, precious metals aren’t illegal, so far. Second, making something illegal doesn’t necessarily make it unpopular. President Roosevelt banned gold in 1933. The feds wanted complete control of money. The dollar was backed by gold. So getting control of the dollar meant getting control of gold.
Once the feds had the gold, they could devalue the dollar by resetting the dollar-gold price from $20 to $35. In an instant, people lost more than 40% of their wealth (as measured by gold).
FDR’s infamous gold grab. Under the cover of an economic emergency, the government executed one of the most brazen acts of theft yet witnessed in a democracy.
That ban lasted for 42 years. It ended in 1975, largely because of our old friend Jim Blanchard. Jim set up the National Committee to Legalize Gold and worked hard to get the ban lifted.
Today, the feds don’t need to outlaw gold. It is regarded as “just another asset,” like Van Gogh paintings or ’66 Corvettes. Few people own it. Few people care – not even the feds. They are unlikely to pay much attention to it – at least, for now.
That could change when the lines begin to grow longer. Smart people will turn to gold… not just in time, but just in case. It is a form of cash – traditionally, the best form. You can control it. And with it, you can trade for fuel, food, and other forms of wealth. Lots of things can go wrong in a crisis. Cash helps you get through it.
Generally, the price of gold rises with uncertainty and desperation. Gold is useful. Like Bitcoin and dollars in hand (as opposed to dollars the bank owes you), gold is not under the thumb of the government … or the banks. You don’t have to stand in line to get it. Or to spend it.
Yes, as more and more people turn to gold as a way to avoid standing in lines, the feds could ban it again. But when we close our eyes and try to peer into a world where gold is illegal, what we see is a world where we want it more than ever.
Buy it as long as nobody cares about it. By the time they care, you’ll want to have as much as possible.
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There were no commercial plane crashes on 9-11. You can keep your gold.
Illegale ...............where ...................in China?................India....etc
Why not make fiat Illegal................that would make much more sense.
Gold will be confiscated and sent to China to pay debts.
To borrow a quote from the man who fought the fictious Planet of the Apes...
"From my cold dead hands!"
In San Diego yesterday, we got a light rain and 3 lighting strikes. The local news went nuts and reported the beach was closed. I asked them how they closed a beach, since it's just a strip of sand next to a big ginormous body of water. The conversation ended with me telling whatever intern runs the twitter feed that "you missed my point".
Exactly what does illegal mean in this context? Do they have gold sniffing dogs?
exactly. Fuck rules proposed by psychopathic sub-human douchebags.
If they make gold illegal it will soon after be available on every street corner, just ask your kids where to get some.
Of course the is precedence of gold being declared illegal as with bitcoin and the ramifications of that on the market price, but the real question is one of confiscation, and it is far easier to confiscate bank accounts, 401k’s, and pension funds. I noted the confiscation point in a piece about how gold should not be held in an investment portfolio, but he missed the point that while it may be more likely that gold is made illegal than any other asset, the even more pressing issue is one of ease of confiscation. Stealing physical gold from people is not easy logistically or morally (not for TPTB but for the gruts going to safe deposit boxes or door to door), most electronic assets on the other hand...
Gold shotgun slugs 1 troy ounce each.
Spend 'em or shoot them as necessary.
"Gold sniffing dogs"
I remember reading that when the warlords controlled China they could always spot the rich people because they were the only people who were relatively clean (they could afford soap) and not incredibly thin (they could afford food). So after a point it's really simple.
If you want to hang on to your gold just starve yourself and cover yourself with filth so you can pass for a "normal" person.
Gold has no smell.
I love the smell of cordite in the morning.
Forward (over the cliff)!
What if gold were declared illegal? I'd short boat insurance companies.
Rotsa Ruk! I'd hate to be the cop who tries to enforce that law.
you can also melt gold and silver coins down to make smaller denominations by the gram or 2 or 5 or whatever gram size bullion nuggets you want to make. If a so-called fiat dollar value per ounce of gold one day becomes so excessive that you couldn't buy anything small and practical with an ounce of gold "worth" 5000 dollars (or whatever), then just melt it down into practical sizes so that you can use it better for trade. At that point people aren't going to care if your gold or silver looks like a fucking coin stamped out by the U.S. mint or any other private mint. They're just going to want to test it for authenticity, and it's harder to fake fractional buillion than it is larger coins or bars. And test kits are not expensive and neither are little digital scales or counter-weight scales.
A silver Eagle is considered worth 1 fucking dollar which is what is stamped on every single one of them by the U.S. mint. A gold Buffalo is stamped with 50 dollars. Who the fuck is going to adhere to that bullshit dollar denomination ever??? It's completely ridiculous to even put a dollar value on those coins or any gold or silver (or platinum or paladium) coins. And after the shit hits the fan all premium or numismatic value is going to be completely lost on any precious metals because it just won't matter anymore at that point.
So just melt the shit down to smaller sizes that will be spendable for other products. Believe me...silver and gold are most definitely money. Have been for 5000 years, and after all this fiat burns itself out silver and gold will still be right there and everyone is going to want it. It will not be hard to place values for products and services per grams of gold or silver.
still can't figure out the "You can't eat gold" sheeple...geez...they'll fucking starve to death before they ever learn anything.
theres plenty of it to go around why would it be made illegal? its cheap too, nobody wants the stuff even at 1200 worthless paper dollars lol. /sarc
Let them keep stamping out gold coins with denominations. When you hit customs anywhere you just tell them you are carrying 2000 dollars in gold. Not 40 ounces of the stuff.
If gold is declared illegal, only illegals will own gold.
Under Executive Order of the President......you must give your gold to the PRIVATE BANKERS AT THE FEDERAL RESERVE!!
I know I'm on some bad guy list already, so I'll just say it here... if I ever see my President write these words during my life time....it's GAME ON!
No dogs, just copies of all the gold transactions completed online or through dealers.
Some of my Gold looks like DIRT..RUST.
https://en.wikipedia.org/wiki/Aqua_regia#/media/File:Golddust.jpg
Got Nitric Acid and Hydrochloric Acid?
They will not even know what they are looking for.
They may get some but they will fail to get all of it.
some of my gold looks like obsolete computer chips.
intel pentium pro are $100+/lb in gold scrap
It was stolen.
Careful, the government hates competition.
Right... that's when I'll tell them about the tragic boating accident.
Well in the Inland Vallies, specifically here in Lakeside, there was torrential, heavy rain, with many lightning strikes.
It seems as if it is gearing up to do it again as we are very humid and overcast.
As for closing our beaches you just close off the access points and ticket anybody out on the sand as many are fearful sheep.
I guess that you can sneak in after the closing, as many do.
But the market for Gold will move underground, just like Drugs.
Many will sneak in under cover of darkness but at great expense. We know that just has served to make some people, dealers and producers, very wealthy.
And as for Gold Sniffing Dogs...LOL
Got Gold bitchez?
+10 for the LOLs
There is a bountiful supply of useful idiots that will eagerly turn in their gold because some tyrannical politician tells them they must.
If I could afford anyhting more than a gold crayon (yes, the Crayola kind) I would not tell a person and bury the shit in a forest.
err, I think there's a thing known as a metal detector
never mind...
They can slow it down. They cannot control it.
Just a guess but . . .
Good luck trying to confiscate gold and silver from all the well-armed Rednecks I know . . .
Once you understand the true depth of murderous dispair of your governments and militaries....thinking about value, investment, and protection is so trivial. They own the systems. They own legality. They own media, religion, commerce, education, everything. If they dont want you to have something it will become "illegal" on their legal system that they own.
Accepting the truth that there were no commercial plane crashes on 9-11 and that the trillion dollar global war against religions was staged, allows you to focus on whats really important to each of us. Material things disappear because you realize they will always be controlled or affected by these mass murderers.
Tyranny Abounds
"Material things disappear because you realize they will always be controlled or affected by these mass murderers."
I understand the point you are making, and I have posted similar ideas in the past.
But the word "always" is a red flag. The level of chaos that we are brewing may yet be enough to fundamentally change the system. If that happens, it will be very ugly, and none of us wants to live through it. But what we want won't matter. In chaotic systems like that (only chaos will be strong enough to allow fundamental change), people revert back to primordial desires and thought patterns. In that situation, the mass murderers will not be able to control what they control now. When humans are civilized, fat, and at peace, they are relatively easy to control. When they are panicked and have nothing to lose, no one will control them. The mob will rule. What are desperate people going to want? What will you want when you're desperate and panicked? That's where to focus attention.
Focusing on spiritual and non-material happiness is paramount, I agree. But that doesn't have to be opposed to material preparation as well. We just cannot attach ourselves too tightly to those preps. Because no matter how well we prepare, events may not allow us to keep anything material.
Long story short, be prepared with material supplies and be spiritually prepared if your material preparations fail.
gold has been removed from the american lexicon. most could not tell gold from brass.
in FDR's day people had gold coins in their pockets and they trusted the govt.
smart people have their gold vaulted in places like singapore. by the time the us govt considers banning gold their power around the world will have been seriously reduced, and they won't be able to bully other countries to do their will anymore. they certainly will have no sway in a foreign bank that is alined with the BRICS, and things like fatca will be history.
What if water was declared illegal?
what if my aunt had balls? Well, then she'd be my uncle...
But more to your rhetorical question, howsabout California circa right now. Or Colorado, one of the only states where you cannot harness rainwater or casual water on your property. Eeets eeeleeegulll.
So, with water illegal in two quick stream-of-thought examples, there is little doubt in my mind that confiscation proponents will not fuck around if precious metals can cause economic inconvenience, divide, anger, or disrupt while others profit or realize opportunities for graft and corruption.
If water was declared illegal you would now be under arrest because your body is mostly water.
You laugh though DMT is illegal, and it exists in every human, animal, and plant on earth, yet it is one of the most illegal drugs on earth. Its all about fear and control.
It already was. In the USSA, it is illegal to prevent rainwater from flowing off roofs and into gutters, down gutters into streets, and down streets to wherever the rain normally flows. So, if you walk outside wearing a cotton shirt that absorbs rain, you are breaking the law by preventing water from taking its "natural course".
The Gov. Won't try to confiscated or declare gold illegal.
They will simply levy a huge TAX on the sale or use of gold
Just like they banned Maryjane, wow I cannot afford it anymore due to the high taxes!
/sarc
Banning gold would create the largest black market the USSA has ever seen
If they ban gold, they better ban lead, too. And then when they try to come get mine, I'll give it to them... at high velocities.
We know from some goy named Newton, that...
Kinetic Energy = Ek = mv2 , where m=mass and v=velocity.
Then some guy (not goy) came along two centuries later, who had this idea to replace v with the letter 'c', for the speed of light. It made him outrageously famous. Another formula (E=hv) got him a Nobel Prize. Sorry Maxwell, sorry Tesla. Good to know, but we digress.
Sorry Maxwell, sorry Tesla.
Sorry Steinmetz...
ZWO Protocol #6
- Appoint puppet leaders who can be controlled by blackmail
ZWO Protocol #7
- Replace royal rule with socialist rule, then communism, then despotism
ZWO Protocol #8
- Abolish all rights and freedoms, except the right of force by us
NWO................is a Joke
Think about...............................Name any country..............big buisness..............that would give up thier power to NWO
NWO is bread and circus
What makes you think they will have a choice?
XAU, You are not thinking this through.
NWO will have to be led by a "more intelligent, more deserving, totally entitled" group of people. You asked, "Name any big business that would give up power". The billionaire owners of that business think they ARE the more intelligent, more deserving and clearly most entitled people to lead that New World Order. These people don't believe for a second they will be relinquishing power, they plan on grabbing more, more, more, more, more, more...
Sheep and wolves.
“give me control of a nations money and I care not who makes the laws”
– Mayer Amschel Rothschild, Founder of the modern financial system the world endures today.
The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
– David Rockefeller, Memoirs
If they just shut all the markets Tomorrow and left 'em shut wouldn't all of this shit just go away?
What if whoever declares gold illegal kisses my ass then goes and fucks themselves?
Your neighbors will still gladly rat you out as a gold-bug terrorist.
MayI, If you're describing your neighbors, maybe you should consider relocating.
...or, "planting your neighbors".
My neighbors do not know that I own gold. They do know that I own a couple of Harleys though.;-) Yeah, I don't really go spouting off about that sort of stuff. I don't let people in to my office and I won't even let city inspectors into the actual room because there is no reason for them to inspect anything from any further then the door threshold. The same goes for anyone who comes here. Even my wife and kids are banished from here unless I invite them in and they know that.
The other funny thing is that as I have gotten older I am suffering from CRS which is Can't Remember Shit disease. As Ronald Reagan once stated, "I can't recall." Not only that, there has been a lot of hoarding going on for a long time. I hate to say it but I do not have to the penny accounting on what I have on hand for PM's. I think the records dissappeared and then I had a boating accident and lost many things.
About the time gold becomes an "issue",
I don't really think it will matter what the
"authorities" think, say or do. No one will
( or needs to ) pay attention.
Think about what those circumstances will
look like. You gots to pay for police, army,
etc.
In the case of the "authorities"... with what?
After the 1933 proclamation....even though it was threatened....NOT ONE single person was arrested for keeping their gold. It was all a giant scare tactic. Just like now, PM's were rigged then too.
That law only restricted DOMESTIC HOLDINGS.
You could own Gold and store it outside of the USA.
Kennedy stopped that loophole in 1962 by EO.
The price of gold is collapsing and the pattern suggests precipitously lower prices in the near future.
If you are buying gold and silver now make sure you are doing it in such a way that you don't get blown out as the price goes to 250 and 4 respectively.
The 'pattern' as you suggest, has been alive & well since late 2011... Not that it couldn't happen, but if it does actually go anywhere near there, I trust you're on a hill in a remote part of a State that no one knows about.
So is the 250 & 4 in Rubles or Yuan?
Jus Axin'
It's funny because you are serious.
Spot price could fall to 99cents an ounce, but the fucking premium is going to be $1300.
Okay...So cash is illegal, and now gold is illegal? I should have gone to drug dealing skool.
There will be no need to confiscate gold. In fairness to the "hoarders" who refuse to patriotically put their money into T-bills or other Federally approved investments all future gold transactions will:
1) Be saleable only by electronic means clearly identifying the price, quantity, and identities of the parties involved..
2) Capital gains will be 50%. Lack of bonafide purhase receipt will create a 100% gain subject to the 50% tax.
3) Failure to comply in amounts greater than 1 gram will result in imprisonment for not less than 2 years. Failure to comply for amounts greater than 1 troy ounce will result in the civil forfeiture of all assets belonging to the perpetrator(s).
Worldwide huh? That's imaginative.
Don't forget #4 - those who turn in their neighbors will find themselves suffering mysterous and tragic accidents
Once you understand that there were no commercial plane crashes on 9-11, it will null and void ALL these authorites figures and their supposed powers. They are murderers. No one will care what these crazies want or what they will try to do to control people. No one will care.
Confiscating gold is simply another elite scare tactic to keep people occupied with material trivia.
Repeating bullshit does not make it true.
Sure it does. Watch:
BUY GOLD BUY GOLD BUY GOLD BUY GOLD BUY GOLD.
Its true....I must go buy some gold because someone kept repeating it.
on an aside......you mean to tell me that if an officer, who is under homeland security created from the staged lies of 9-11, came to enforce some BS law the you wouldnt tell them to go to hell and get off your lawn?
They will have no authority over a rats turd once the world understands what these mass murderers have done.
Although if you think 9-11 wasnt staged then fine. Most of the world lives in absolute denial to cope with daily events. Its ok. It happens. Live your life the happiest you can.
That will not happen where I live. Good luck in the USA
i didn't comply with their so-called "laws" about buying or using pot or LSD, or re-selling microsoft software licenses "IP", and i sure as hell am not going to be bound by their laws concerning gold.
the usa goes one of two ways:
1) fascistic control to try to sustain an un-sustainable system
2) total collapse and then rebuilding on a solid, real, foundation
Well fuck, if stuff like that happens ... making machineguns and explosives has a pretty high markup and apparently less penalties than what you just described.
It is not a question of 'if' but only of 'when'. Gold is as much a political lightning rod as it is real money. And like anything else in today's current sound-bite addled, pop-culture environment, all that's needed is the right amount of 'red meat' to toss at the public in order to light a firestorm of sentiment against 'greedy gold hoarders' who lie in wait for disaster to strike, and then profit from it... Owning gold could easily be turned into a 'Confederate flag' issue. The 'swarm' need only be directed at whom to attack. Think of a politician grandstanding - maybe even suggesting that people rat out others who they think might be buying/selling/trading/profiting, etc., from physical gold ownership.
I'll freely give the coordinates of where I think my Au went overboard.
I still have the gold that my grandmother refused to hand over to Franklin Rosenvelt.
Americans were allowed to keep $100 worth or 5 ounces of Gold at the time. FDR had just been elected and this was a quick payback to his banking buddies.
Only Gold "Bullion" was confiscated. Gold of rare and unusuall value was left alone by the tyrants.
Buy Silver. Much harder for the traitors to track.
Oh yes, I forgot. Fuck the New World Order and all the poor misguided dummies who work for them! You will all be targets. First by us then by your masters. Study history then choose sides!
Tuco
P. S. If you are not on a government list by now, you should be ashamed of yourself!
"If you are not on a government list by now, you should be ashamed of yourself!"
That's a great line!
More likely to outlaw silver first. It's much more popular in the US
Gold teeth too, this time, or not?
Will they ban gold sporks? I need my gold spork to eat my canned kibble.
LOL
The problem with precious metals is, they are not so precious to the masses.
To the masses, Gold, Silver etc... are just "chunks of metal", they cant play candy crush on a silver bar, they cant eat it . . . they cant use it as a tool . . . they would much rather spend their money on the latest Iphone or flatscreen TV to watch football on.
The market for gold and silver is pretty much limited to everyone who can afford it and even then, only say . . . 20% of those people (if even that many) have any real interest in the metals.
The world is just different from what it was in the past. . . until some crisis wipes out all the banks, gold and silver and other precious metals will be about as useful as their weight in steel or copper to the masses, and you dont see a lot of people hoarding stacks and stacks of copper for no good reason . . . now do you?
Not saying gold and silver dont have a role to play in the modern world, just saying for the great majority of the people (who you would intend to exchange your gold and silver to for services in return in the future) it doesn't really mean much.
Something to think about anyway.
OK I thought about it and Asia doesn't see it that way.
Interesting that the majority of the population (women) see AU & AG differently than you describe.
That's because America has been turned into an idiocracy.
It was not an accident.
ZWO Protocol #1 Take control of the media and use it in propaganda for our plans
ZWO Protocol #2 Start fights between different races, classes and religions
ZWO Protocol # 11 Control the education system to spread deception and destroy intellect
ZWO Protocol # 13 Use our media to create entertaining distractions
ZWO Protocol # 17 Take possession of all wealth, property and [especially] gold
Less than 1% of Amercians own a single ounce of silver. Its all sterling silver in jewelry form.
Less than 2% own Gold and most of that is also in jewelry form.
Imagine switchinig to a metals currency? Amercians are unable to find themselves on a world map. They dont even know the map of their own country. Yet these brainiacs will be able to accept, test, verfiy, and adjudicate financial transactions in gold and silver?!!!! roglmao
So I guess that means the Indians and Chinese are right. White people are stupid white monkeys.
"The market for gold and silver is pretty much limited to everyone who can afford it"
If You cannot afford to buy silver you are truly F**ked!
If so it will become more valuable, as no one will be able to get it.
pot is illegal. coke is illegal. heroin is illegal. hey someone wake up phillip seymore hoffman and tell him heroin is illegal!
Today, the feds don’t need to outlaw gold. It is regarded as “just another asset,”
I disagree, why supress it so violently if it isn't a competing currency? They can bash it into single digits, when the paper is worthless the metals will have value. I have a 250 dinar bill with Sadam's mug on it. I like to put a 1oz. Ag round next to it and know that I can use the paper for asswipe or firestarter, and buy bread with the Ag.
What if gold is declared illegal?
Then only illegals will own gold.
fdr did it b/c it was constraining $ supply at time. in 2015 only thing constraining $ supply is access to a keyboard & ability to locate f2, 0 & enter keys.
the only way I see a repeat is if people start transacting in gold (/silver) coins like other countries have outlawed transactions in dollars. I don't see modern govt having a problem w/people sitting on it but (much like bitcoin) if it becomes an effective way to avoid debasement (and/or taxation which is that scenario is largely semantic). however as others have stated in the scenarios where people would be transacting in metals the effectiveness of govt in enforcing bans will be highly suspect (like dollar prohibitions were in moscow when I was there in 93)
I cannot wait to purchase in a private sale a $12000 car for $500 worth of legal tender gold 10 1oz coins. this is just an example of what can be done.
cannabis is illegal. I've been 25 years trying to find some...
It's impossible to find some.
I tell you.
Impossible.
For God's sake, buy a ticket to Colorado. Buy all the weed you want.
At this point you can put gold or silver eagles into an IRA, so why ban an asset class, like bonds or stocks?
They don't mind an IRA - there is plenty of paper trail on buying or selling. The BIG fear is the 'stackers' who walk into a coin dealer and pay fiat in exchange for phyzz. One day, phyzz goes up. The stacker sells for cash. Much harder for the IRS to track.
Buying pussy is illegal- wait-
gotta go, my date's here..
What if all those derivative contracts were retroactively declared illegal??? USAGov has rewritten tax law, criminal law - all sorts of laws - retroactively applicable.
What happens if it becomes apparent that all those 700 trillion (depending on the season) are declared nul and void?
First off: Game over for the banks and corps who are depending on them to "balance" their books.
Second off: Governments who counted on the deriv gamers are dead in the water. Maybe some are really dead.
Third off: The living humans are left with algebra. Cross off the self-cancelling debts. Make arrangements with those who are owed. It wouldn't be "100s of trillions". It would be some trillions but much less. Demand destruction, you know. Funny books would be dead.
Those Over The Counter, Off Balance Sheet Derivatives are going to die. Either way. Might as well spare the people the pain of being dragged through what Greece is going through on a blow by blow. Just end the monsters. They are dead anyway - zombie financial instruments, just waiting to suck you dry.
The big difference between now and 1933 is that there is a much bigger global market for gold, and that it is much easier to move gold to those other markets. If they ban gold in the US then you will see lots of new pawn shops open just across the northern and southern borders.
"Have anything to declare?"
"No Señor Border Guy, and unless your dog can smell gold, you ain't gonna find mine".
Gold smuggling into India proved you cannot stop gold from moving across borders.
Yes the gold was shaped for easy concealment. lol
Gold and silver will be good to have, but think about food, and especially medical care and pharmaceuticals. Those who have acquired the most wealth may be among the oldest and most in need of miracle drugs and care. The nurses you take for granted now may demand a fortune for helping you in the future.
learn how to manufacture anti-depressants, and keep a small stockpile of the ingredients.
Barley and yeast?
Those things have a shorter shelf-life. The idea of the gold and silver is so you can preserve some of your 'wealth' for future spending. You buy what you need and can use now, but keep the rest in a form where you can control it, and its value won't be eroded to nothing while you watch, helplessly. Regardless of what your foolish governments and banksters do to your economy and its fiat money, YOU will be able to "spend" your stashed PM's to grease the palms of those nurses when you need it most.
"The nurses you take for granted now may demand a fortune for helping you in the future"
Free market will work! nurses who demand too much will not get any, they may have to resort to another profession. Perhaps the oldest profession, no cancel that out, that would be illegal. lol
"What happens if gold is delared illegal?"
Don't worry, the black market will kick in!
which is why gold and silver chains are much more viable mediums of exchange.
Yes, I believe this too. I think that in a crisis situation, it may be easier to "spend" small pieces of jewelry than it will be to negotiate with coins or bars.
Other than silver US coins, few Americans would even recognize most PM's in coin form. And of course, the first thing they'll notice is the 'face value', which will be significantly lower than the actual value. This will color their perceptions of its value (and I'm talking about the majority of people who aren't familiar with PM's as money..) and you may have to explain why the quarter YOU have is worth so much more than the one HE has, when they look pretty much the same to him.
Odds are, most of us who are stacking will be little islands of sound money in a sea of idiots who have no idea of what ANYTHING is worth anymore. They may not wish to TAKE our stacked coins or boullion, at first...
But everyone knows what a pretty gold or silver necklace looks like, and understand that good jewelry is a "valuable thing", regardless of what they know about gold or silver. So, a bunch of small, lightweight chains, rings, or best of all, charms, is a good thing to have on hand. I have tons of old gold and silver charms, many have moveable parts, and the detail is amazing. I get them for next to nothing, and just toss 'em in the box. They're mostly old, and very well-made, marked 'Sterling', or 14k...instantly recognizable to most people I'll encounter on a daily basis.
And people LOVE those things! The form gets their attention, the content then becomes easier to 'sell'. If someone had something I needed, I'm certain I could find something or things in my 'magic box' that would gladly be accepted in exchange. I got something for everybody in there...:-)
Brand new Maple Leaf coins may be a good investment, and you should keep some of those too, but I think a lot of people might worry about forgeries and not be sophisticated enough to tell the difference, especially with coins. They might be harder to trade on a day-to-day basis. You might have to make a 'special trip' to trade those to someone who knows their value.
But if my neighbor has eggs, and I need them, one charm will make that happen pretty smoothly.
the old double click trick
exactly my rationale. i have a mix of everything including gems(only emeralds, rubies and diamonds, well "known" gems). something i have will work in a pinch.
If you think you're gonna barter in a SHTF scenario with gold and silver you're wrong. However, there have been a lot of financial crises in many countries where people kept their heads above water by owning gold and silver...the United States is one of them. Zombie apocalypse? Your gold and silver is worthless...anything less and you've hedged accordingly.
Oh I disagree, those who are confused about the legal tender value, will very quickly learn what that is about!
Also having 1oz silver coins worth approx $20 are not worth counterfitting the silver eagle or maple leaf quality of the stamping, it would be akin to counterfitting a $20 bill, not worth the trouble.
gold may be worth trying to counterfit the maple leaf 1 oz coin or the Murakin equivalent, but i doubt that also.
If gold is declared illegal then all we have to do is appeal to the Supreme Court. They are really good at inventing new laws or overturning others. Surely owning gold is a Free Speech, or Equal Treatment or some other stretched out 'right'.
They'll only make gold possession legal for gays, blacks, and aliens. Straight white males will not allowed to be the master's of their own destiny.
Fear-mongering article. The US is the only place where gold was made illegal. And note that this was due to the pressure of a private money cartel: the Federal Reserve.
There is NO need to ban gold. If the price were to skyrocket -- as gold proponents claim -- then the Gov can decide to either do Nothing (because so few people own it), or they can tax its sale. If there's a "run on gold", the Gov can simply be the First In Line, and you can figure out the rest.
This is one of them didnt think it thru deals. I bet hitmen will Always take GOLD. Fuckin college kid thought this BS up.
You might not like the rest.
We have a well and hand pump in it. When the Carrington Event recurs and my neighbors want water I make them a deal. Since this is real water they are getting, I would like to have real money in return ... none of this paper foolishness, real money. Small pieces of historic value.
Good for you, worbsid...but when you're pumping that water, keep an eye open for anyone pointing some historic little pieces of lead at your head.
I live in a swamp. Plenty of water up in here.
If gold is outlawed, only outlaws will have gold.
What if gold is declared illegal?
Civil war, that's what.
If the government does that the people will not accept it and there will be shooting in the streets.
It would be justified, because there is a lot at stake.
At that point, if I was a part of the cabal, I might be worried.
Step 1- bankrupt the companies who mine the shit.
Check
FUCK the fed and the banksters...
If it is illegal then stop minting silver and gold eagles along with the buffalo.
WTF!
Message to Canada; Stop printing real money! USA doesn't like it. LOL!
The banking industries already have the physical gold market cornered. There is very little physical gold left to confiscate.
Bottom line is; if your in America and you don't own physical gold by now, chances are you won't ever own physical gold. I'm not being a pessimistic however I don't see the banking industries suggesting they'll be handing it out any time soon.
Perfect article to drive that price down some more. I much preferr lower prices. txu
Buy 90% Silver! It is U. S. currency!
Besides that:
"All laws repugnant to the U. S. Constituion are null and void."
--Marbury v. Madison 1803
I used to get hard time for pushing gold on here.. but I seen this shit coming years ago and I believe physical GOLD is the safest position one can take. Problem is, as already mentioned in this thread, ordinary Joe public knows lots about Kim Kardashian's fat ass but fuck all about Physical gold.. Thats why I want a few ZH's to join me ... you guys are ENLIGHTENED. if we educate a few people, get them saving a few grams each month.... well maybe in a year or 2 or 4 they might just thank us for it.. they have some AU ... we have some AU ...and we all earn a few $€ for our effort. --ITS AS GOOD AS ITS GOING TO GET GUYS..
I dont know what you all do for a living...,but i know you will never get into a more lucrative business for as little capital outlay ever... period.. fuck me i'd charge you more just to get you registered for taxes for opening a regular high street store. There has been a few good guys from ZH that has joined me because the see the potential and are not too pompous to believe its beneath them - cheers guys.
is it a quick buck.. hell no... you gotta earn your keep... just like any business... but it pays really well if you put in the grease..only question you got to ask yourself.. have you the balls for a bit of networking...
Look guys .. this thing works... if you're unsure.. contact me I will reassure you.. Im certainly not a idiot and I'm not a spammer... but I do want to help ordinary people get some AU. I got a kick in the balls yesterday from some ZHer who reckons that our affiliate programme was going to somehow wind up fucking his friends and family over by having a stack of gold... not sure what his logic to that is... my family are quite happy having a little stack of the phyzz.
and finally its not an MLM... its simply referral.. same as amazon..so dont get your knickers in a knot okkonwwhat...
www.teamramgold.com
?
Gold, silver, bitcoin, black markets, get familiar with all of them and don't worry about whats legal. The only thing legal these days is slavery.
Who's that then?
I dunno, must be a king.
Why?
He hasn't got shit all over him.
Then you hold it until it isn't illegal. Duh
"brazen acts of theft yet witnessed in a democracy."
We're not a democracy, dood. ZH, how are you churning out political articles when the writers don't even know we live in a Republic?
In judeo-bolchevist russia, in the twenties, anyone that was suspected of having gold(which was illegal to possess, and had to be given away to state bank), was arrested, tortured, his family tortured under his eyes till he gave away his gold, or died under torture.
Some of my learned colleagues still dont understand who are they dealing with.
But no, of course, it cannot happen here, we are exceptional after all...
If you make it illegal only criminals will own it, and a criminal I will be.
If drugs were legal they would be worthless but instead because it's illegal something that is basically worthless is worth billions...please please please make my gold illegal.
If I remember correctlty. In Dmitry's video about the fall of the USSR most items were very difficult to aquire if they were available at all, but the Chechen's ran the black market and they could get you what you wanted. Hmm what would a black market guy want for payment? FIAT, no I dont think so, Gold, maybe Silver, ya that's it.
If they make it illegla they would have to do it world wide. No point in making gold illegal in the USA if its legal in China, Europe, Australia, SE Asia etc.
They don't have to make it illegal, just tax it to death.
Is why I have some gold and silver, but careful about having too much. If the local govt puts big taxes on it can lose too much, but globally gold still the real deal, and thus shares in a top quality low debt gold miner another useful way to own gold.
Though at the moment, waiting for the bigger market crash, which will drive down all stocks good and bad, to jump into a gold miner I have in mind.
If they do it in India & China 50000 tons will be the yield.
(If the people are stoooooooopid enough)
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Btw Evil USA can always do that by fighting a war with China or better by making India & China fight each each other, both weakened then America loots both of them and Kerry off the 50K tons of gold on its aircraft carriers & on spy planes.
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BarackHomObamma on Pot : Are you listening ??
Great Plan eh ??
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Btw both have WMD which is a great excuse
(as in Iraq) ;-)