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Will Uncle Sam Confiscate Gold Again?
DAILY PRICES
Today’s
Gold Prices: USD 1125.00, EUR 1009.87 and GBP 737.94 per ounce.
Yesterday’s Gold Prices: 1130.05, EUR 1005.88 and GBP 739.63 per ounce.
(LBMA AM)
Gold
was 0.8% lower yesterday and closed at $1125.40 per ounce, down $8.20 to go
0.6% lower for the week. Silver was flat and again closed at $14.69 per ounce
but is nearly 1% higher for the week.
Will Uncle Sam Confiscate Gold Again?
Investors suffered financial losses in recent
weeks as stocks globally came under pressure in August and had their worst month in the last three years.
In one of the most volatile trading periods since the global financial crisis,
August saw a massive $5.7 trillion erased from the value of stocks worldwide.
No major stock market was left unscathed and the risk of financial and economic
contagion became evident again.
There are growing concerns internationally that
in the event of another Wall Street or global stock market crash and a new
systemic crisis – a Eurozone debt crisis or another Lehman Brothers collapse – there could be
enforced bank closures or extended bank holidays in the EU and U.S. as seen in
Greece recently.
In this
scenario, deposit boxes and vaults in U.S. banks and financial institutions
could be sealed and gold confiscated again.
There is a legal precedent for this. April 5th, 1933 – at the height of
the Great Depression – was the day when U.S. President Franklin Delano
Roosevelt instructed all American citizens to hand over all their gold coins
and bars to the Federal Government.
Read more on the GoldCore.com blog
IMPORTANT COMMENTARY
Gold retains 2-day decline ahead of U.S. jobs data – Reuters
Perth Mint’s gold, silver sales drop in August but robust – The Economic Times
UPDATE 1-Supervisors should not tell whole truth about bank health -BuBa economist – Reuters
Best Ever August for Bullion Silver Eagles – silvercoinstoday.com
Gold fever hits Poland with possible discovery of Nazi train – Yahoo News
IMPORTANT COMMENTARY
Gut is telling me that this is a bear market – Frisby – MoneyWeek.com
These Are a Few of the Stock Charts That Spook Louise Yamada – Bloomberg TV
Why Are Foreign Countries Repatriating Gold From US Federal Reserve? – Sputnik
Death Crosses Everywhere; Time to Buy Gold Yet? – Barron’s
Your savings are at risk – Tim Price – MoneyWeek.com
Read more News and Commentary
Download Essential Guide To Storing Gold Offshore
»
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Regs and taxes killed my otherwise modestly successful small business. Revenue was not quite adequate and we tried hard to boost.
sad but true, and i cant for the life of me get some people to understand that Federal Reserve notes are legal tender currency paper notes and not money-commonly referred to as cash-. In fact, Private businesses are free to develop their own policies on whether or not to accept 'cash' unless there is a State law which says otherwise.
speaking of businesses being free to devolpe their own policies, this is only true unless the supreme court rules you must obey even if it's against your moral Conscious . Double stansdards abound.
What FDR did in '33 was outright theft and wealth transfer. As long as the Wall Street enabling two party system is in power, you're damn right it could happen again.
In 1784, Isaac Roosevelt and Alexander Hamilton founded the Bank of New York, and 8 years later it was the first publicly traded corporate stock on the NYSE. FDR came from bankster stock, just like Jeb (and W and George H W) does. This nation has had the son and grandson of a banker that catered to the NAZIS and Hitler as president. Can this happen again?
Well why not, the nation is utterly in love with the party that catered to and were in love with Nazis. Yea, the progressives. Or demcorats if you so desire.
To whatever extent that's true, please realize that it was the Republicans who trashed the Constitution in the 1860s' War of Northern Aggression and all that it entails. They enabled all the subsequent evils and we live with the results to this day - globally. A plague on both their houses.
FDR was a fucking Communist.
Roosevelt supported Jewish bolshevism. National Socialist Germany introduced a non debt currency
The Third Reich might still exist if Hitler hadn't been such a lousy strategist.
After France fell, had he stepped up submarine interdiction in the Atlantic and prepared for a cross-channel invasion, he could have beaten Britain.
Instead he pursued a "strategic" bombing campaign over Britain that decimated the Luftwaffe, invaded Russia, and declared war on the United States.
Truly one of history's biggest idiots.
True Jstan. Plus the nazis were working on anti gravity technology, flying saucers, if you will. Through Operation Paperclip the U. S. brought in hundreds of nazi scientists who helped develop the A bomb.
If it were not for Schmedley Butler, Prescott Bush et alia would have set up a nazi regime here in the U. S.. In reality, it may be here anyway.
Tuco
What do you think the control freak elites are ? just a different name. They are alive and well in the Hamptons, DC and every state capital !
That is a commonly held belief but it is misguided. Hitler could not invade England. Russia was massing troops in the east and preparing to invade west. The German invasion beat them to the punch by 17 days. This might explain the hard fact that the Germans took MILLIONS of Russian prisoners within weeks of the start of the invasion. There were millions of Russian troops near the border getting ready (but not yet prepared). Heck they didn't even have enough provisions yet. This is why two million Russian prisoners starved to death during that operation. The Germans weren't prepared to feed that many more mouths without capturing all the supplies too.
What'smore is that Hitler never even wanted to fight the British, feeling they were kin to the German people.
I think Hitler was correct in recognizing that there was a problem but misguided in his identification of the culprits and very hamfisted in his war strategy. He blamed the jews when it was really the zionists, more easily identified then as bankers. His attempt to take out communism in Russia instead of the financiers in NYC and London was like thinking you can cure a cold by plugging up your runny nose.
Edit: Germany was effectively already at war with the US anyway. Americans were volunteering for the RAF, shipping supplies to Russia, and lend leasing warships and other equipment to England. It really was just a matter of time before the US suffered another Lusitania and became directly involved anyway.
For those not aware, the Lusitania was a setup to kill American civilians by the US and British governments in WWI.
The Lusitania was necessary only because False Flag Ops were not yet perfected.
Hitler was a political genius, but a retarded CO.
big difference in a political genius and a simple control freak maniac drug addict ?
Total joke of an article!
At least on more reputable websites the header states "Paid Advertisement"
Everybody here already knows it. On ZH your assumed competent till proven otherwise and then your made fun of.....
Of course they will. They are aleady looting the treasury and indebting future generations. If you think that the crumbs of free gold will be left on the table, think again. There are worthless pieces of paper in your future if you hold phys.
Last time there was very little gold actually taken.......
Hey troll...look at this mighty fine nizzle...now shizzle it.
-1 for idiot kneegrowspeak
They can fucking try...
Michael Brown and Nicole Brown Simpson uttered the same words.
Thoese two dead mother fuckers had something in common. No guns.
Try to confiscate my bitcoin
If they confiscate gold and you have yours overseas, they can also confiscate your passport.
Please stop inducing fear into people.
If they confiscate gold in the US they will create a black/grey market with a 50% premium over pricing outside the US. (one ounce gold coin will sustain you for several months)
Those that own physical are smarter than the fearmongers.
Uncle Mao will confiscate free range gold before Uncle Sam will.