QUESTION: Hello Marty, Is it your belief that they will (again) try to confiscate gold bullion coins when the going gets rough? If so, is there an alternative that you would recommend?
Many thanks for you great work.
k
ANSWER:I do not believe they will confiscate gold for there is no intention to return to a gold standard as Roosevelt did in 1934. He confiscated the gold FIRST to profit from the dollar devaluation in 1934. He also wanted to stop people from hoarding cash outside the banks, which is the same problem we have today that they are addressing by moving electronic and cancelling high denominations. However, what they will do is confiscate gold if you tried to leave the country with it or you travel with it domestically using the civil asset forfeiture laws. That would be the same as if it were cash.
It does appear that old pre-1965 silver coins may be best for small commerce. However, keep in mind that the government may declare any transaction in gold or silver to be illegal and they then get to confiscate all assets involved. They can easily just pass a law and declare anyone dealing in some off-currency exchange to be “money laundering” to hide from taxes. These people will do whatever they can to retain power.
Keep in mind that as they become more and more desperate for money, all legal forms used today will vanish at the order of any judge. Any “trust” or corporation will have no validity to prevent government on the hunt for money. Piercing the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders.
…click on the above link to read the rest of the article…
