I think confiscation is absurd. Stating "just because they did it before means they will do it again" is weak, you must ask, how many complied? Citizens then in the US were more loyal, downright patriotic, but best estimates were that 20% turned in their gold, the rest hid it, or removed it from the country. Back then you could drive trucks across the border to Canada or Mexico, with a smile and wave from customs. Today the border has much greater control, but can't control drugs or guns that flow like water across their lines, yet somehow the government is so efficient that they can control precious metals?
Regardless, very few Americans actually own gold bullion coins or bars, and my bet is they won't be handing it over easily if the Feds go all neanderthal about it, not with 300 million firearms laying around.
The EU is a different story, they've given away so many basic freedoms that confiscating gold and silver doesn't seem like a stretch.
You're right on all points. And I'm more focused/worried about our European brethren. Their rulers are creating a penal colony worse than North Korea! Digitally chained to where they live with exit taxes and everything. They dare to call Putin a dictator but fail to recognise they are as well. Just different.
By the way,.whats the dealerd discount in your area? In my country, the biggest dealer is taking 15% of spot for metals rebuy, which I consider abusive.
I am increasingly suspicious-certain, the US -and the EU- are going to confiscate private gold..Why wouldnt they do it again? Think about it. The US confiscate at 4K and inmediately revalue at 10K. Trillions in debt gone. Silver, on the contrary wont likely be confiscated due to both industrial use and volume. An article about the aleas of gold confiscation and the possible scenarios would be widely read. Those who sell gold in time before confiscation and buy silver will possibly multiply x5 in a very short time span.
Actually Sam came to me yesterday and was talking much the same. However, she was talking crypto and you're talking silver. But basically: anything that the governments can reach, they will steal. Banks, stock brokers, ... Anything.
I already detailed my take on this matter here I think:
Don't think you're safe. You're not. Unless you can buy an island in the pacific and start a rural society (I'm thinking about it, but lack the cash :p)
I think confiscation is absurd. Stating "just because they did it before means they will do it again" is weak, you must ask, how many complied? Citizens then in the US were more loyal, downright patriotic, but best estimates were that 20% turned in their gold, the rest hid it, or removed it from the country. Back then you could drive trucks across the border to Canada or Mexico, with a smile and wave from customs. Today the border has much greater control, but can't control drugs or guns that flow like water across their lines, yet somehow the government is so efficient that they can control precious metals?
Regardless, very few Americans actually own gold bullion coins or bars, and my bet is they won't be handing it over easily if the Feds go all neanderthal about it, not with 300 million firearms laying around.
The EU is a different story, they've given away so many basic freedoms that confiscating gold and silver doesn't seem like a stretch.
You're right on all points. And I'm more focused/worried about our European brethren. Their rulers are creating a penal colony worse than North Korea! Digitally chained to where they live with exit taxes and everything. They dare to call Putin a dictator but fail to recognise they are as well. Just different.
Excellent analysis my friend.
By the way,.whats the dealerd discount in your area? In my country, the biggest dealer is taking 15% of spot for metals rebuy, which I consider abusive.
Coins from about 8%, heavy kilo bars from 4%. That's for sales. Buy back is as far as I know at spot price (I never sold anything 😇)
I am increasingly suspicious-certain, the US -and the EU- are going to confiscate private gold..Why wouldnt they do it again? Think about it. The US confiscate at 4K and inmediately revalue at 10K. Trillions in debt gone. Silver, on the contrary wont likely be confiscated due to both industrial use and volume. An article about the aleas of gold confiscation and the possible scenarios would be widely read. Those who sell gold in time before confiscation and buy silver will possibly multiply x5 in a very short time span.
Actually Sam came to me yesterday and was talking much the same. However, she was talking crypto and you're talking silver. But basically: anything that the governments can reach, they will steal. Banks, stock brokers, ... Anything.
I already detailed my take on this matter here I think:
> https://no01.substack.com/p/the-authoritarian-drift-how-the-eu
Don't think you're safe. You're not. Unless you can buy an island in the pacific and start a rural society (I'm thinking about it, but lack the cash :p)