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Projected PIIGS Pillage: 3233.5 Tons Of Gold To Be Confiscated By Insolvent European Banks
While hardly discussed broadly in the mainstream media, the top news of the past 24 hours without doubt is that in addition to losing its fiscal sovereignty, and numerous other things, the Greek population is about to lose its gold in a perfectly legitimate fashion, following amendments to the country's constitution by unelected banker technocrats, who will make it legal for Greek creditors - read insolvent European banks - to plunder the Greek gold which at last check amounts to 111.6 tonnes according to the WGC. And so we come full circle to what the ultimate goal of banker intervention in the European periphery is - nothing short of full gold confiscation. So just how much gold will be pillaged by the banker oligarchy (it is amusing how many websites believe said gold is sacrosanct by regional national banks, and thus the EUR is such a stronger currency as it has all this 'gold backing' - hint: it doesn't, as all the gold is about to be transferred to non-extradition countries)? As the World Gold Council shows in its latest update, between all the PIIGS, who will with 100% certainty suffer the same fate as Greece (which has shown that unlike during World War 2, it is perfectly willing to turn over and do nothing) there is 3234 tonnes of gold to be plundered. And likely more as further constitutional amendments will likely make the confiscation of private gold the next big step. how much does this amount to? At today's prices this is just shy of $185 billion. Of course by the time the market grasps what is going on the spot price of the yellow metal will be far, far higher. Or, potentially far, far lower and totally fixed as the open gold market is eventually done away with entirely in a reversion to FDR gold confiscation and price fixing days.
The chart below shows total gold holdings for the top 40 countries. Little Ireland is off the chart with just 6 tonnes of gold.
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It's going to be about 15 trillion times easier to take gold away from the mediterranean nations than retrieve "their own" from the USA. The USA has a lot of bombs.
This is like a foreclosure proceeding. Has a similar kind of asset strippiing happened in the sovereign space before?
Check that, they don't have their own currency. They aren't a sovereign.
In the US, they'll go for lead confiscation before gold confiscation.
Like Italy is going to hand over 2000 tons of gold to stay in the Euro. Aren't they accustomed to paying 10,000 lira for a meal?
flight to hard assets as currencies are debased...classic.......all the PMs are strong today...again.
Very nice aritlce you wrote.
I was wondering how the ECB would finance ESM funds,
like the €680 billion LTRO #2 coming up on the 29 Feb 2012
now we know !
it's backed by real Gold,
even better than UK Gilts !
wr;)
Gilts : government paper : worth nothing.
Does the new global monetary authority have the US gold in its sights as well?
My bet is that the old global monetary authority has the US gold in its vaults. If it were where it should be--Ft. Knox--Treasury would happily allow an audit/assay to shut up all of the doubters.
it makes no sense to advertise the location of a
gold stash of 8,000 tons. you would advertise it
being in one place and store it some other place.
then there is doubt about its existence but
so what? good even. more power to u, now you can
double count or better, triple lease or better.....
so gold is the door to the rabbit hole too.
if there is any gold it is probably stored underground
in the bunkers where the elite go to relax and dream
of hitler and his secret romances.
Of course. Assuming there is any gold in Fort Knox.
100000 people is not enough to destroy the capital city and make themself heard. Few men are able to destroy, rape and pillage a whole nation.
To the Greek people:
Get to the streets and into the parliament. Show them some hard love.
"100000 people is not enough to destroy the capital city and make themself heard. Few men are able to destroy, rape and pillage a whole nation."
Didn't read the PNAC document, did ya?
Wow...simply amazing and dreadful....wake up Greece you are being raped you are losing your sovereignty....better call the Sovereign Man!
Great Post!
Does anyone else not ever remember .25% dips being bought with such aggression, especially after a 200+ point sp run?
Jesus Christ!
I do not believe that China has only 1.6% of their reserves in gold.
Well China got $3.3 trillion in reserves.
The barbarian hordes continue to ravage the European continent, centuries later.
LBMA and CRIMEX must be hurting big time for the fascists to be so transparent re the need for gold.
For the first time in years I've seen a persistent 2 cent backwardation between spot silver and the Comex near contract (Mar). Physical dog wagging the paper tail for a change.
[actually more like a 1/2 cent to 1 cent. ask to ask, but persistent}
Entry is no longer cheap, but the time to be your own central bank and own physical is becoming even more evident. The banksters will tolerate the small fish accumulating gold and silver and it represents the best way to protect any wealth you have left. Too bad about my recent boating accident...
I'm scared..
For canada
While Canada is a petro-dollar currency imo, I know they sold it all (dumbasses)
Question is, who sold it all for nothing, and how vulnerable does it make canada with no gold at all ?
Gulp!
Jean
Should a gold standard of some fashion be enacted globally, We can nationalize in a worse case scenario. But I believe that gold will not trade freely into the future. And if things get REALLY bad, people will have to sell their gold (thinking India and China here). There's something fishy about Canada not owning gold but have never come to any hard and fast conclusion about that.
Canada relies on its export surplus and bond markets. Foreign exchange holdings never enter into the picture, because the $CDN trades like a come-by-chance Swissie.
Gold aught to be a hot topic amongst Canadians, but its all about housing and oil. Gold is seen as a speculative asset that is bound to crash to $500/oz. even though that argument was really laid to rest in 2009. The gold price is now past 3X this figure, which was considered the average price to produce an ounce of gold.
I would bet the central bank is eyeing gold from the perspective of an increase of foreign exchange holdings if the $CDN appreciates further.
Canada has massive amounts of gold and a low population. They will be fine if the population moves west with pans and shovels.
My Canadian friend,
Theres an old saying in America, "Why not invade Canada? Its just there for the taking."
Never have those words run so true.
don't you dare think about it or we'll torch your white house again, since it seems you guys aren't able to take care of that yourselves
;)
Italy, quick, sell all your gold to China. Nobody else will know unless they come looking for it.
The people in charge in Italy (and therefore control over the gold) work for the banksters...They're in charge of keeping it safe until the banks are ready to take it
Vatican. Italy's gold is safe. hofjuden work for vatican. hofjuden wouldn't dare to touch Vatican's stash
Unless the banksters and the mega corps with their polititian lackeys are stopped, they will take everything of value and give us paper debt in return. They will have all the energy all the food all the mineral wealth all the land all our houses and our kids and grand kids and their kids will be their slaves for ever and ever.
As a practically ridiculously unimportant aside to the mostrosity of gravity of the above mentioned, if gold is such an 'antique relic' as they would have us believe, why would they even care to go after Greece's gold?
Disclosure: Long rope and lamp posts.
I don´t see how a confiscation could be anything but bearish for gold. Insolvent banks will sell or collateralize the gold in 0.01 nanoseconds to get their hands on precious fiat and pooof! there went four digit prices of gold... The Asians will be buying that dip like dips were going out fashion.
I'd guess Portugal, which has already stated that their gold is sacrosanct will not go for the same plan as Greece, and would rather default. And what happens if Greece has new elections and the NEW ruling party says No to the plan, and to the gold confiscation. Would NATO forces attack Greece?
it's amazing how ravenous and rapacious the banksters elite become over that barbaric relic.....my my my how quaint....
With no gold mines in your jurisdiction, you cannot hope to fix gold prices below market. There aren't many gold mines in the Eurozone proper. Any country not part of the Eurozone will simply not play ball, because its an issue of foreign exchange.
Should a below market gold price fix occur, then a black market in gold will spring up globally overnight with the miners aggressively marketing their gold above the price fix to interested parties getting around confiscation overseas.
Your price fix will probably have to reflect the going rate at the market anyways, so you would initially have to fix gold prices around $1800/oz. to $2000/oz. approximately 100X the depression era price fix.
Later, you'll have to adjust the price fix higher to devalue the currency, since gold prices will climb at the scarcity of gold in the markets. If you dump gold on the market surreptitiously, you are flooding the markets with liquidity in the form of bullion in a negative real interest rate environment, thereby setting off a massive speculative wave in the gold markets.
One country has nothing to fear : UK; they have no gold. Guess who is behind this scam !
No, the UK has thousands of tons of gold - not their own mind, much of it belongs to other parties. But in the UK, possession in 9/10ths of the law.
It will, perhaps, become far more important that you have gold within your jurisdiction rather than being correct about the increasingly notional matter of 'legal ownership'.
You just reinforce my point, UK making it difficult for those who say : give me back my gold so I can pay Frau Merkel.
And the UK replies : Up yours!
I'm patiently waiting for Nancy Pelosi to slam the gold speculators and follow up with a request to release the US Gold reserves to help bring down prices.
patience a virtue of neglected nun, lucidity a sin of unstifled mind, justice a delusion of would be inquisitor, greed a spur of unbridled gargantuan, spleen a trait of condemned heretic, hope a candle for aspiring novice, humour an antidote to journey on river of no return.
Epic boneheaded - "3233.5 Tons Of Gold To Be Confiscated By Insolvent European Banks" - really? You seriously think this is what is going on? LOL
If you want to be not wrong anymore and avoid repeated epic embarassment in the future (its fun to post links from the past, isn't it?) keep in mind its a good thing you can refinance your debts if you are at risk of default but hold collateral that has also increased in value.
Everyone else is not as stupid as you assume they must be. And not coincidentally, maybe that's not the only mistaken assumption as to intelelct and insight you are working from. ;)
Bwah?
This is called "The Re-Monetization of Gold". So when some douchebag says "well, you can't buy bread with a gold coin". Say "but you can fund trillions in debt that prevents your government from collapsing with it. but no you don't normally see people use it to buy bread."
The gold as money deniers are really fun to mess with.
If 111 tonnes of gold settle Greek debts of US$ 500 BILLION, where does that leave the gold price?
This is a very unfair and above all unsubstanciated post! Who told Zerohedge that Portugal will let its gold go? I wonder why almost all anglo-american press is so hysterical against the euro... You'd better take care of your own green toilet paper!
Yes, there is some speculation with the rest of the PIIGS. Those countries are watching to see what happens to Greece and it looks like handing over your gold will the cost to stay in the Euro. The banksters aren't dumb, send them paper for their gold. Damn, I should have been a banker.
It is somewhat unusual in bankruptcy proceedings for the bankrupt to be able to keep the gold and jewels while telling the creditors to accept cents on the dollar...err, Euro.
Forget about Italy surrending 2000 tons of Gold. Ain't gonna happen. Greece, may be. Portugal, may be. Spain, probably not. Italy forget it.
No one in Euroland will surrender its gold because the ECB would the be fiirst to know, and would stop any confiscation of European gold by the English-American thieves from Big Five (Goldman Sachs and alike), the City and Queen's pirate islands ann so on... Euroland has the biggest gold reserves in the world, as weel as GDP, trade, and manners!
You need to google the Trilateral commission and Council for Foreign Relations before you shoot off your mouth again. GS, JPM control the ECB behind their puppet government officials.
No one in Euroland will surrender its gold because the ECB would the be fiirst to know, and would stop any confiscation of European gold by the English-American thieves from Big Five (Goldman Sachs and alike), the City and Queen's pirate islands ann so on... Euroland has the biggest gold reserves in the world, as weel as GDP, trade, and manners!
The EZ is, as a whole, living far beyond its means & has the biggest culture shock (read: unfunded entitlements) coming. All the lands south of Germany, Switzerland, Holland (roughly) will be cut adrift
from the more realistic & efficient northern states. Basically, if you speak a Romance language in Europe, you're toast.
What the bankstas really have their eyes on is Germany's gold stash. They won't stop pushing Germany to bail out every basket case until they eventually get it.
Uhm, where is the proof that Greece's lenders will have the right to seize the gold reserves in the Bank of Greece? Ms. Katseli saying it's so doesn't make it so...
hahaha, banksters are afraid of gold like vampires are afraid of the cross. (metaphorically speaking)
IMF has 2814.1 tons of gold?! No wonder Ms. Lagarde got silver-haired.
And, her slip is showing.
Why the HELL does the EU want take away from Greece this overpriced, outmoded, inefficient, ancient traditional asset that you can't eat, burn, or print more of? How is this supposed to do anything to "pay off" the debt that came in the form of the modern, reliable, stable euros?
I don't agree with burning down your neighbor's buildings because you're getting screwed...but I understand those who do.
today it is a legal act to take out insurance on your
neighbor's house and then have it burned down, i guess
a minor concern in the financial markets.
They are creating a Transfer Union by the back door and simply centralising gold reserves at the ECB. Germany and France will keep their sovereign reserves but the rest will be centralised inside the ECB
It's a wild guess!
sounds like a blueprint for revolution.
J.P. Morgan lives.
Gold is money,everything else is debt !
If by legitamate we mean that the technocratic banksters have lassoed the Greek budget by collapsing the Europonzi banking system, rendering all Nation-States efectively bankrupt, and now demand collateral to balance the balance sheets of the collective, then yes, it is legitamate, because no one forced the Geeks to let the vampire bankers in, afterall, how could they? By definition one must be a willing victem if they are to be judged. If not willing, they deserve no punishment.
So now Greece, and all of Europe, will be judged by the creditors, or rather saviors of the impending doom, as the IMF/Wrold Bank will ride in and demand the only asset Europeans have left to give, since they have now signed their rights of labour away. As I have writ many times, the IMF is coming for your souls....
And they are here.
It is difficult to feel sympathy for a rape victim who not only lies down and willingly takes it, but treats the violation as a routine medical examination.
You judge the minority based on the majority? Can't we look at it for what it is, the theft of basic rights? And I feel pity for none of them. But I can empathize with those who struggle for their freedoms; for those willing to shout from the rooftops, who take action; they are my brothers and sisters in a fight for the freedom of humanity.
http://www.youtube.com/watch?v=4WHUdK3dBEo&feature=player_embedded
THE PURE AND SIMPLE TRUTH PT 3 (who are we and why are we here?) to Thrive
The basic theft of rights is a part of the Greek constitution. Is anyone screaming for it to be changed?
Yes, but obviously not enough.
And so we come full circle to what the ultimate goal of banker intervention in the European periphery is - nothing short of full gold confiscation.
B-B-But Uncle Warren and Ben say that gold is a non-productive, barbarous relic. Why would any banker take yellow metal over stacks of pretty paper with pictures of dead people on them?
Biggest wealth transfer in history in the making, folks.
What's interesting is that it looks like Italy is the REAL target of all this. Greece is just to establish precedence.
I think Greece should replace their Gold with Titanium plated with gold . Bankers too fucking stupid to notice.
the printing press and associated legislation is
the magical combination that allows, demands even,
the confiscation of all the value of a people and
place by the useless and shiftless. the digital revolution
is the next phase of this immortal and immoral technique.
just a minor concern? they don't even keep up appearances
anymore
Ha. Don't forget to include g-Daffy's 148 tons.
Does Syria have any?
how does it go? ...
all your gold are with ours now?
All your gold is belong to me
thanks, that was what i was looking for !
it's all european gold! banks will never get their hands on it...ever: buy EUR
Tell that to Gordon Brown.
So I am supposed to still believe that Iranians are evil because they're evil muzzies and may get a bomb even though the banksters are stealing the gold of sovereign nations? Right.
Only a bunch of fucking savages would confiscate such a barbaric relic!
Could the plan be any clearer? Confiscate all of the gold, and then create a world currency backed by it. The Golden Rule: He who owns the gold rules.
If they don't tax your gold away via taxes on bogus inflation gains,
then how long will it be before they say all taxes must be paid in
gold or silver or some commodity of value. They won't take their
own paper for taxes, but you are mandated to use it for your everyday
transactions.
FDR confiscated gold? Thats a new one to me!
Only 10% turned their gold in. Most of those were immigrants trying to be patriotic. Welcome to America bitchez!
http://www.the-privateer.com/1933-gold-confiscation.html
The Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled
An Act to provide relief in the existing national emergency in banking, and for other purposes~',
in which amendatory Act Congress declared that a serious emergency exists,
I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:
Section 1. For the purpose of this regulation, the term 'hoarding" means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term "person" means any individual, partnership, association or corporation.
Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:
(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.
(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.
(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.
(d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.
Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.
Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.
Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.
Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.
Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.
Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.
Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.
This order and these regulations may be modified or revoked at any time.
/s/
Franklin D. Roosevelt
President of the United States of America
April 5, 1933
If you control all the gold it doesn't matter what "price" it is. They now have the power to legaly print infinite money so why would bankers care about a paper price of their gold when they create a trillion dollars with 12 key strokes. It would be in their best interest to declare that it's value is low to worthless to discourage others from wanting it as money. It's just another mind fuck. This way nobody can survive their destruction. They want everyone poor, confused, and helpless. We'll all have to beg them for scraps and permission to go to the bathroom soon enough.
Um, anybody see this?
http://www.veteranstoday.com/2012/02/21/intel-exclusive-trillion-dollar-terror-exposed/
Where's the beef?
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I've thought along these lines this for a long time. ZH and others have been right, and the banks are confirming that gold is the real money.
Western countries are broke but are still gold superpowers and prepping to play the gold card. Our FED already claims that all US gold is theirs, per Reagan's 1980's defunct Gold Commission which investigated a return to gold standard.
Only way for Western banks to stay on top is create a global currency, such as the SDRs "backed" by confiscated sovereign gold through the IMF as an all powerful global central bank. The UN will serve as a facade for a world puppet government and give the pretense of representative government. Any gold backing will be removed over time back to fiat.
We are on the edge of something big, as such their is a distinct possibility that no election will take place in the fall of 2012.
280,000 tons of gold = $16 trillion today
http://coupmedia.org/911/who-funded-the-september-11th-attacks-2609
dubai has no gold reserves but the biggest dick in the world.
gonna be a bit harder to go back to drachma now, they have been taken over in a bloodless coup
Dam straight. Greeks are now totally doomed. Even if they defaulted and went back to a grossly devalued Drachma they had a chance with the bit of gold they had left. Now its Zimbabwe time for our lay about Greeks.
And those who said, that this was not the true goal of the banksters. Well??? If they don't rise up and toss out the politicians and arrest the forgen banksters like Iceland. they deserve all the misery they get. Pleanty to go around.
Did you know that the Treaty of Versailles mandated payment in gold? Or, if some other asset, it was to be valued in gold terms by the Commission set up to monitor payment.
So on we go. Gold:Dow 1:1 @ 5,000 on track.
http://www.informationclearinghouse.info/article30620.htm#idc-cover
A brief and crucial history of the United States
The pillaging of Greece won't stop with museum looting.
The real "Greek tragedy" is that the Greeks did nothing to stop it except riot and loot themselves.
I hope for more from Americans when it happens here. My hopes are usually high. I actually expect the American sheep to do a great job of being manipulated into fighting each other by their owners.
Isn't it odd that banks are going straight for the "barbaric relic" to settle up? Typical shysters.
Note to self; Gold is confiscated pretty easily, whether you're an American "citizen" in the 1930's or a EU member nation today. I don't think I want to put my currency into gold.(not that I have enough currency to buy gold)
So, forget gold! You'll have your punk ass robbed too! Who cares what it's price per ounce is when THEY can come take it from you. Of course you'll voluntarily serender it or have the dogs of the state kick down your door to haul you away for noncompliance.
Good luck with your investments. Me? I'll go with .308, 10mm and 12 ga. seeds and rabbits. Sure it's not as chic as "precious metals" but when was the last time you heard of someone confiscating rabbits? Oh wait, this is America...land of the free home of the brave, they'll come for your rabbits too. Just bend over, take it and like it. As my x- mother in law always said, "Attitude is choice."
If you are caught roasting said rabbit or squirrel, you will be prosecuted.
That has already happened to the Homeless.
cost of the gold to the bankers:
1 hella stack of paper
1 shit load of ink
1 handful of corrupt politicians
3 corrupt mainstream media outlets
200 corrupt cops
200 cheap batons
10000 canisters of mace
Annual Return on investment: 100000%
Bankers in prison: Zero to date. Tomorrows another day
Spenkenzie New World Order?
$$$
Chairsatan
Burning Man
and the
Suicide Vampire Squid of the Great Wal Mart of China
Robbed The Gold Mine
which is your
labor
country
AND AND
your your
soul soul
man man
http://www.youtube.com/watch?v=8QghwNqlCRE
Time for an adjustment in margin rates.
Q: What's the difference between Greece and the Banks about to seize their gold?
A: Greece has some assets worth seizing.
It's all fun n games till someone gets a nuclear warhead poked in their eyeball
It really comes down to the wire when they come after the US gold.
Just to name two Celente and Faber are both Gold ownership pundits and I have heard both of them express concern about confiscation. That's not very good salesmanship if you ask me. If you want them to really shut the f*ck up about Gold confiscation simply redirect the conversation towards diamond confiscation. The wealth stored in investment grade diamonds is far more compact and more portable than gold is. Money transfers between sovereign nations would be much cheaper and simpler if they were just to confiscate diamonds and conduct business with them. That will probably shut them up for awhile about it. Nobody here knows who owns the most diamonds now do they?
Kitco:
SERVICE UNAVAILABLE!@!!!!!!
I. Will. Be. DAMNED!
DROOLS>.....
Silver 35.50 and Gold 1780.00 as of this post on my Bullion dealer.
I think 34 is crushed resistance and next will be 41 and Gold is who knows? Fuck it enjoy the ride.