What The Next Gold Confiscation Will Look Like… And How To Protect Yourself

Zubu Brothers ^ | 6-13-2021 | Nick Giambruno

[BiglyCommentary]

My concern is not criminals but ME or YOU being tagged as criminals. This isn’t some wild eyed paranoia. Trying going through an airport with $25k of hundreds or getting pulled over with same.

[hanamizu]

Now his father doesn’t know what to do with them since he can’t explain where they came from without losing them.

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If he had permission to detect on his neighbor’s land he can try to come to some agreement to share the find. If he didn’t get his neighbor’s permission, he’s got himself an interesting moral decision to make.

But nobody is going to require him to explain how he acquired them when it comes to selling them. IRS will of course expect its share...

[joe fonebone]

And, just for the sake of argument..
If SHTF, you are going to need food and shelter..
Can’t eat gold, or burn it for heat...
Just a thought...

[BiglyCommentary]

I always thought bags of junk silver were the most practical for SHTF times. Plus the premium over bullion is the lowest typically.

[Jane Long]

One day he was running his detector in the neighbor’s yard and found a bag of double-eagle gold coins in an old cistern....

....Now his father doesn’t know what to do with them since he can’t explain where they came from without losing them.

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Um, can he not give them to the NEIGHBOR whose yard he found them in?? Or, to a relative of that neighbor?

[E. Pluribus Unum]

Full disclosure, I heard this story from the son thirty years ago at deer camp.

[cgbg]

Can’t eat gold, or burn it for heat...

Historically gold worked best for bribing border guards when fleeing chaotic political conditions.

That is _not_ my plan...so gold just does not work for me.

But--for some folks it may be the correct answer.

[blam]

"And, just for the sake of argument..
If SHTF, you are going to need food and shelter..
Can’t eat gold, or burn it for heat...
Just a thought...

So....How are you going to get food and shelter during a SHTF period?

[E. Pluribus Unum]

My point was burying your gold is probably not going to work out well for you.

[Alberta's Child]

A lot of this nonsense these jokers are peddling is being accepted by people who are dumb enough to envision a SHTF-type financial collapse where banks are shut down and ATMs are empty, but every other business establishment is open and operating like normal.

The only reason to buy physical gold is if you’re preparing for a scenario where you have to gather as many of your belongings as possible and flee to another country.

[Georgia Girl 2]

I have big news for Nick. None of that chit is going to happen. Because we are going to go on a new currency backed by gold. There will be a price set for gold. If you own gold good for you. Nobody is going to try to confiscate it.

When FDR did many people never turned in their gold.

[Skepolitic]

I wouldn’t trust the US government to respect their promises regarding IRA accounts any more than they respected their promises to redeem currency bearing a promise for “One Hundred Dollars in Gold Coin Payable to Bearer on Demand”.

There is now hardly any limit to the reach of the US government. If you doubt that, try to open an ordinary checking account at a well-capitalized financial institution in a foreign country. Then, ask the banker why he doesn’t want American customers (assuming your account doesn’t have seven digits in it.)

[joe fonebone]

Be prepared...

[BiglyCommentary]

How much is Soros paying you to say that? Typical reply when one tries to bring some real life “think how that would actually unfold” reality to the discussion.

So much of this all stems from the hyperinflation talk.
This is a good read on inflation.

https://www.pragcap.com/is-inflation-really-10/

Here’s another great read I think you’ll enjoy:

https://www.pragcap.com/biggest-myths-in-economics/

[Mean Daddy]

Years ago someone on this board told me that when the SHTF, lead will be the most valuable metal.

[Deepeasttx]

He can say he found them in his own backyard.
‐-———————
That is, if he owns the mineral rights.

[BiglyCommentary]

That is, if he owns the mineral rights.

Minted coins don't fall under that - lol

I was shocked the first time I bought property in Texas. Pages and pages and pages of reserved mineral rights in the deed. Then it dawned on me - "OIL", none of the owners wanted to lose out if oil was struck in the future.

[BiglyCommentary]

Now that is realty.

[OldSmaj]

Heck, I’d bet most Americans have never even seen a gold coin...

Yeah, uh huh, sure...okay.

[Jan_Sobieski]

Don’t ask, don’t tell?