[silverleaf]

Gold prices may go up and down but precious metals “values” for investors are subject to manipulation. Cost averaging is the way I look to go

Don’t think of gold as an investment, but as a way to preserve wealth for the long term. The ultimate buy and hold. That is why govts try to seize it from private citizens when financial markets crash and cash (aka givt promissory notes) means nothing

[SkyPilot]

Don’t think of gold as an investment, but as a way to preserve wealth for the long term. The ultimate buy and hold. That is why govts try to seize it from private citizens when financial markets crash and cash (aka givt promissory notes) means nothing

In 1933, FDR (via Executive Order, not even law) had the Federal Government seize all private gold holdings.

The Feds raided safe deposit boxes, and US citizens who had gold were arrested and their assets taken.

We all know Obama is ruling by "Executive Order", and that Congress will never stop him.

What makes anyone believe that when the next crash happens, Obama and his private alphabet soup agency private armies won't take all gold and silver?

All he has to do is say that private holdings of gold and silver are illegal, and cannot be stored, transferred, or used in any transaction for barter or commerce.

Stroke of the pen.

[Mouton]

There is too much money, in the eyes of the thieves in DC, in tax avoidance or tax delay plans out there. Start with that premise and move to any thought of how they are going to get their hands directly or indirectly onto it. Directly means seize it. That may come later. The second is the incidious way: direct how it can be invested in ideas they like i.e. low income housing projects, solar, wind power et al; put a yearly “custody fee” on it; and/or perhaps scare enough people who are in 401’s to pull their assets out and pay a high income tax rate plus an “early withdrawal” penalty. So, either they drip you to death or just lop off you assets in one fell swoop.

The time has come for the government to go before we all become part of it.