UGGH!! The Gob'ment Is Taking My Savings Lil By Lil.....

[c.nash]

Reading all your posts I feel like I'm doing alright.
My 401k has went up 26.2% since the start of the year.
And that's after I take out the 2.4% I lost last month.

[sgreger1]

It's not as much gold going up but the dollar going down. Just sayin'.

But do we forget history so quickly? If things get bad and people start using gold for trade instead of dollars, the goverment will just confiscate all of the gold like they did only a few short decades ago. They will just take your gold and then you are screwed, better to buy food and ammo if you think the world is going to collapse.

[Premium Parrots]

But do we forget history so quickly? If things get bad and people start using gold for trade instead of dollars, the goverment will just confiscate all of the gold like they did only a few short decades ago. They will just take your gold and then you are screwed, better to buy food and ammo if you think the world is going to collapse.

but how would the gob'ment know if a person has gold?

[sgreger1]

but how would the gob'ment know if a person has gold?

Executive Order 6102

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both.



They will get it one way or another, they will make it illegal to trade with, and then you will only be able to buy black market items and nothing else.

[AtreyuKun]

In other words, if things got really bad, all we can do is barter with the few possessions that we have, go to jail, or starve to death?
Yeah, I'd like a big cup of that please.

[Ansel]

In other words, if things got really bad, all we can do is barter with the few possessions that we have, go to jail, or starve to death?
Yeah, I'd like a big cup of that please.

Or grow your own food live self-sufficiently, follow permaculture principles...

[Mr. Snuffleupagus]

But do we forget history so quickly? If things get bad and people start using gold for trade instead of dollars, the goverment will just confiscate all of the gold like they did only a few short decades ago. They will just take your gold and then you are screwed, better to buy food and ammo if you think the world is going to collapse.

That's one of the reasons I chose to invest in silver instead of gold.

What I don't get is people who invest in non-physical precious metals. Like I really want to buy a piece of paper and call it something valuable

[AtreyuKun]

Or grow your own food live self-sufficiently, follow permaculture principles...

I'm waiting for the day Uncle Sam criminalizes that as well. I'm sure the Monsanto Corporation will find a way sue us all into oblivion.

[sgreger1]

Or grow your own food live self-sufficiently, follow permaculture principles...

Learning this is the most important skill one can have. I really want to get into this more. You guys should check out www.thesurvivalpodcast.com, great resource for this subject matter.

In a real collapse, food is the most valuable asset. Get rid of the suburban green grass and grow things you can eat.

[Premium Parrots]

Executive Order 6102

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both.



They will get it one way or another, they will make it illegal to trade with, and then you will only be able to buy black market items and nothing else.

I heard somewhere that that law was changed a few years back. But thats all I know. Also why would there be so many places where you can buy, take it home or to a saftey deposit box and keep gold bulion for yourself if its still illegal?


edit; here ya go

Was gold illegal to own at one time ?

Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
http://www.onlygold.com/faqcenterpag...uesandgold.htm

[sgreger1]

I heard somewhere that that law was changed a few years back. But thats all I know. Also why would there be so many places where you can buy, take it home or to a saftey deposit box and keep gold bulion for yourself if its still illegal?


edit; here ya go

Was gold illegal to own at one time ?

Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
http://www.onlygold.com/faqcenterpag...uesandgold.htm

Oh yah it was reversed 40 years later, I didn't mean that it was illegal now, not at all. My point was that at any time the government can change the rules and just take it from you. They took everyones gold and paid like $20 an ounce for it, once they had all the gold it went up in price to (inflation adjusted) $600 an ounce and the government realized all those profits and started selling again. They literally forced people to sell it to them cheap, then waited for it to get expensiev and sold it all back. That's what I was saying.

[Premium Parrots]

OK, I talked to my doctor yesterday. Hes heavily invested in gold and actually made more money on gold so far this year than he made being a doctor all last year. There are several sources that predict that gold will hit at least $2k by xmas. JP Morgan predicts gold to hit $2.5K by the end of the year. Apparently, absolutely no one believes that gold will go down. As history reflects.....I tend to believe that. There is a max first time order that the gold houses feel safe in taking from first time buyers over long distance. So I ended up getting a total of ** oz of american eagle gold and *** oz of american eagle silver thru Monex. Its pretty easy to do. The american eagles are a little more expensive than bullion beause they are coins but they would be the best to use incase the world goes to hell. These coins are always a good investment. If you are thinking about buying gold or any precious metal I would suggest going here http://goldprice.org/ and watching the graph at different times of day will dictate a higher or lower cost. I bought mine just as the stock market opened this morning. When I was on the phone with them yesterday towards the end of the market day the price was way up. By waiting till the market to open this morning saved me almost $500.

I have to wire my payment to them today. As soon as they recieve it I can order again. I might do this again tomorrow.

Any way you look at it gold has to at least slowly go up. Thats a dam site better than the banks paying me .2% interest. AND I will have converted some cash into gold incase there is a run on the banks or the whole country goes to hell. And like I said before......at least I'll be able to eat.

btw, historically silver follows gold and is normally 16% of the gold price. Lately silver has only been 4% of the gold price. Its going to catch up before too long. Most all of the experts agree on this. If you can't get into gold at least pick up some silver. Its cheap now.

There you have it. Its kind of hard to get motivated and get off the fence and actually invest. I felt pretty secure with the bank haveing some of my funds. But lately its been a tad stressfull wondering what might happen in this country. In a lot of ways I'm really glad I did my research and pulled the trigger. I'm glad I diversified this additional step.

Heres the shitty part. Almost 20 years ago my doctor was after me to invest american eagles. He was pushing me hard but I was raising my family and felt that I just didn't have the xtra money. What a freakin big mistake.

[ABW]

Hey PP... Good move... I like gold also and have a a comment about the shi.. hitting the fan part. Now, in an open forum you would never identify that you took possession of your gold but believe me if all hell breaks loose there won't be getting into the market or bank to put your hands on it. Make sure YOU have a way to touch your metal if you need it...

[Premium Parrots]

thanks for the concern. security is the least of my worries.

[ABW]

Peace