Gold Confiscation | InvestmentWatch

Outlook for Gold; Savings and Gold Confiscation – Reuters Q&A Interview

by GoldCore

Today’s AM fix was USD 1,548.00, EUR 1,186.30 and GBP 1,008.60 per ounce.
Yesterday’s AM fix was USD 1,555.75, EUR 1,189.59 and GBP 1,012.20 per ounce.

Gold rose $2.50 or 0.16% yesterday to $1,561.00/oz and silver climbed to $27.84 and finished +0.07%.

Cross Currency Table – (Bloomberg)

Gold is down by 2.2% in dollar terms for the week after denied reports regarding Cyprus being forced by the EU and ECB to sell [...]

FDR’s Gold Confiscation, 80 Years On

by Ben Traynor, BullionVault

Thursday, 4 April 2013

“I, Franklin D Roosevelt…do declare that said national emergency still continues to exist and…do hereby prohibit the hoarding of gold…”

EXECUTIVE ORDER 6102, issued by US president Franklin Delano Roosevelt 80 years ago, on April 5th 1933, banned private gold ownership in the United States, forcing gold owners to take their bullion to a bank and exchange it for Dollars at [...]

The Children Going Hungry In America, Gold Confiscation

America’s ‘invincible’ city brought to its knees by poverty, violence

In America’s most dangerous and poorest city, Camden, N.J., bullet holes are visible in a church’s stained glass window, crosses commemorating the murdered line the outside of city hall and the police staff is so outnumbered and outgunned, drug deals occur in the open. Rock Center’s Brian Williams visits Camden and talks to those fighting to turn around the forgotten city.

http://inplainsight.nbcnews.com/_news/2013/03/07/17225824-americas-invincible-city-brought-to-its-knees-by-poverty-violence?lite

Governments [...]

Stanley Druckenmiller & James Rickards & Tyler Durden: Interest On The Debt Is Going To Kill Us. There’s No Way Fed Will Stop Easing! One Way Or Another, Owning Physical Gold Is The Safest And Most Effective Way of Insuring Against Hyperinflation.

Druckenmiller: ‘Interest On The Debt Is Going To Kill Us’

Hedge fund legend Stanley Druckenmiller on exploding debt interest.

Two short highlight clips from Druckenmiller’s rare interview last week on CNBC

WSJ Editorial By Druckenmiller…

Here’s a chart of interest paid on the U.S. national debt.

Interestingly, we have already paid $150 billion for fiscal 2013.

….

Central Banks Cannot Create Wealth, Only Liquidity

However, central banks can only create liquidity, not wealth. If printing money were equivalent to creating wealth, then [...]

Gold Confiscation: Lessons from the 20th Century

by Adrian Ash

BullionVault

Friday, 7 December 2012

Three nasty examples of how people lost the gold they owned…

TODAY’S chatter in the trading rooms says some gold owners fear a punitive US tax hike in New Year 2013, with the Obama government targeting precious-metal investors.

Hence this month’s sell-off (or so the tittle-tattle says) – akin to the move by Japanese households to sell gold in late 2011 [...]

Update On $80 Million in Seized Gold Coins: Judge Rules They “Belong to the U.S. Government”

Mac Slavo
September 7th, 2012
SHTFplan.com

Given that tens of millions of Americans cheered in blissful agreement when a Democratic National Convention promotional video claimed that the only thing we all belong to is the government, it would make perfect sense that everything else belongs to the government as well.

Case in point:

In July of 2011 a jeweler’s heirs found ten double eagle $20 gold coins in a family safe that dated back to the Roosevelt administration. [...]

As Central Banks Buy Gold, Confiscation Risks Are Rising for Investors

A.M. Freyed?
Infowars.com
May 30, 2012

Europe’s debtors must pawn their gold for Eurobond Redemption … Southern Europe’s debtor states must pledge their gold reserves and national treasure as collateral under a !2.3 trillion stabilisation plan gaining momentum in Germany. – UK Telegraph (5/29/12)

It’s possible that the Basel Committee agrees to banks using gold as Tier 1 Capital, which would create substantial demand for physical bullion … Globally, central banks cannot afford to [...]

Turkish Government “Goes For Gold”; Seeks To “Transfer” Private Gold Holdings Into Bank System

Gold may not be ‘Money‘ to the Chairman, but it sure is to Turkey. The WSJ Reports that “The Turkish government, facing a bloated current-account deficit that threatens to derail the country’s rapid expansion, is trying to persuade Turks to transfer their vast personal holdings of gold into the country’s banking system.” The reason: “The push to tap into the individual gold reserves—the traditional form of savings here—is part of Ankara’s efforts to reduce a [...]

Gold Confiscation: How it could happen and what you can do about it

USA Gold
October 12, 2011

Much has been offered in the way of opinion on the matter of a potential gold confiscation, but too little of it is well-researched, well-informed and grounded in a true understanding of the laws and regulations involved. Below Mr. Ganz applies his considerable expertise and unique perpsective to the mysteries surrounding gold confiscation, unravels past legal precedent, and offers some practical [...]

Reuters Reports: Russian Central Bank To Offer Gold-Backed Loans (Or Why The Spam-Standard Is Coming To An End)

by ZH

The spam standard is ending. In news that is likely about to throw the mouth-foaming Keynesians in for a perpetual loop, the Russian Central Bank has quietly announced the sneakiest gold confiscation ploy in history. Reuters reports: “Russia’s central bank will offer gold-backed loans for up to 90 days at an interest rate of 7 percent, it said in a statement on Friday, expanding [...]

Dave Morgan & Mike Maloney – Gold Confiscation

by Adam

Mike Maloney contends that if President Obama signed an executive order to confiscate or nationalize private citizen’s gold, the dollar would end up plunging to worthlessness. In other words, the chances are very remote.

Here Comes Executive Order 6102 For The QE Generation: Dutch Central Bank Orders Pension Fund To Sell Its Gold

by ZH

Perhaps the most stunning example of what may be in store for asset managers and pension funds (and possibly retail holders) who dare to challenge central bank monetary authority comes from the Netherlands, where we have just witnessed the 21st century equivalent of Executive Order 6102. The story in a nutshell (and as translated loosely from the primary source presented below): the glassworkers pension [...]

Perhaps not many people want to admit it, but the next financial bubble is already well on its way now. And this bubble is obvious to anyone who cares to look.

The US government and many other governments are now borrowing like crazy at low interest rates. Banks are increasing their leverage by getting short-term funds in order to make long-term loans to the government. And the government is spending like a drunken sailor now, because the borrowed money is cheap, and many banks are falling all over themselves in their eagerness to lend as much money to the government as [...]

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