{"id":65747,"date":"2023-09-05T06:43:54","date_gmt":"2023-09-05T11:43:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65747"},"modified":"2023-09-05T06:43:54","modified_gmt":"2023-09-05T11:43:54","slug":"dont-dismiss-the-possibility-of-gold-confiscation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65747","title":{"rendered":"Don\u2019t Dismiss the Possibility of Gold Confiscation"},"content":{"rendered":"
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Don\u2019t Dismiss the Possibility of Gold Confiscation<\/a><\/h3>\n<\/header>\n
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If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.<\/p>\n

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You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline \u2013 your hope to get you through these times while holding on to your wealth.<\/p>\n

But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?<\/p>\n

In my conversations with friends and associates, I have often raised this question. The typical responses:<\/p>\n

\u201cThey\u2019d never do\u00a0that<\/strong>.\u201d<\/p>\n

\u201cI\u2019ll deal with that if and when it happens.\u201d<\/p>\n

\u201cI just wouldn\u2019t give it to them.\u201d<\/p>\n

I consider these \u201cwishful thinking\u201d responses.<\/p>\n

It\u2019s an interesting thought that the greatest threat to gold and silver investment might not be the possibility of losing on the speculation, but the government taking it away from you. It\u2019s a thought that I\u2019ve found few want to even think about, let alone discuss.<\/p>\n

If you fall into this camp, you\u2019re in good company. Some of the forecasters whom I respect most highly also treat it either as unlikely or at best, \u201csomething we may need to look at in the future.\u201d To date, in conversing with top advisors worldwide, the two primary reasons they believe gold will not be confiscated are:<\/p>\n

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  1. \u201cConfiscation would mean the government acknowledges the reality of the value of gold.\u201d<\/li>\n<\/ol>\n

    Yes, this is quite so. They would be changing their official view\u2026 which, of course, they do all the time. But I submit that all that they need to do is put the proper spin on it.<\/p>\n

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    1. \u201cThey would meet greater resistance than they did back in \u201933.\u201d<\/li>\n<\/ol>\n

      \u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Don\u2019t Dismiss the Possibility of Gold Confiscation If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies. You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[374,8687,379,6228,11658,647],"class_list":["post-65747","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-gold","tag-gold-confiscation","tag-government","tag-international-man","tag-jeff-thomas","tag-precious-metals"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65747"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65747\/revisions"}],"predecessor-version":[{"id":65748,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65747\/revisions\/65748"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}