Posted on 03/19/2013 4:13:06 PM PDT by freedumb2003
No, not nearly as well! Buyers don't trust even stamped gold bars! Don't make the mistake of buying bullion... it will not serve you well, and you lose on the large numismatic value that very rarely (usually never) decreases, no matter what.
If you don't think that Obama or his successor could do a re-run of the EO 6102 gold-grab, think again.
Of course, there will be some he-men who will boast that the feds wouldn't dare go up against their massive arsenals to steal their gold...well, you might want to check with Randy Weaver to see how well that tactic worked. It's easy for one to thump his chest on the Internet. In real life...maybe not so much.
US-minted gold coins were “confiscated” (under penalty) in 1933!
Really? You don't see a problem with someone else in possession of about 150 oz of your gold? How will you be able to ignore the inevitable confiscatory Executive Order? etc.
I keep some pre-1933 numismatic coins so I can always engage in legitimate business above the table. I also have plenty of silver because small quantities are more convertible to the real commodities that you will need.
Tools, especially gardening tools, are a good hedge as well. Chainsaws will produce more energy than they use if you have a woodlot. Guns are, of course, necessary tools.
Recently, I've found that I seem to have enough of the things that will get me by so, as a convertible commodity I've stockpiled wine and whiskey. In addition, I have all the equipment and skills needed to make wine and beer.
In bad times, liquor will be at least as enticing as gold.
Be careful about counterfeit. Silver is easy to counterfeit but it can be done with gold too. As it turns out, tungsten has almost the same specific gravity as gold. There are fake gold coins on the market that are hard to detect with conventional testing.
Testing of gold coins is usually done with a cheap plastic scale, based on the premise that if it is of a specified volume and weighs as much as gold, then it must be gold - since all heaver metals are more expensive than gold. Tungsten, however weighs essentially the same as gold of an equal volume. Fo plated tungsten couldn’t be detected with a specific gravity test.
Of course, a destructive test could tell the difference but people don’t want to destroy their coin.
[Bumping cuz I need advice too. :) ]
I am collecting 1/10 oz coins. Canadian, Krugs...don’t matter much.
Gold is only for a short term SHTF scenario, say no longer than 90 days of instability.
In a long term YEARS long scenario, gold will be worthless. You can’t eat gold and barter with it will be insane.
Ammo and food will be the currency of the New Realm.
G
If history does repeat itself, and the U.S. government does once again make it illegal for private citizens to own most forms of gold, we believe that collectible and semi-rare gold coins (pre 1933 U.S. gold coins) would once again be exempt from the order. Why? Two reasons:
Non-traceability. In the U.S., ownership of gold bullion and gold bullion coins is subject to stringent government reporting requirements. Ownership of "rare coins" is not. In the event that the government should issue an order confiscating privately held gold, it will be difficult for the government to trace down owners of collectibles in order to enforce compliance.
Legal precedence. The legality of FDR’s 1933 actions held up in court. But, a similar executive order would undoubtedly face legal challenges. While there is legal precedence for confiscating gold bullion coins, no historical legal precedence exists for the confiscation of coins that have numismatic value.
Lastly, whatever you have in a self-administered IRA is not made available automatically to government in any kind of reporting.
I’m thinking that the globalists (such as Evil Soros) are behind the account raid in Cyprus as a test run for here. They’re testing reaction, etc.. Like 0bama drone bombing in Pakistan because he’s so hardcore on terrorists? NO. It’s practice for here.
It takes little time to sell highly collectable gold coins - they sell far more quickly than bullion, and at a higher price.
One problem with gold under an economic crisis, is Fedzilla will outlaw gold transactions. That means to get any use of your gold, you’ll have to convert it to cash at some point. And you won’t be able to walk into some reputable institution to do that. You’ll have to go underground, most likely dealing with shady characters in seedy parts of town, and paying exorbitant transaction fees. Which is yet another reason to invest in guns and ammo now. You’ll want to take some heat, and probably a few armed friends, with you when you cash some gold for the grocery store.
Keep your confiscatable non-numismatic gold coins in Point Roberts, Washington State.
From there, only a posted sign prevents you from walking across the street into Canada.
i believe they won’t do the bank thing for a long time yet.
first they’ll do the 401ks. less people will complain because most of the people he’ll transfer others’ money to, have no 401ks to confiscate. plus it’s not money people think about as much as their working bank money.
If you do wind up buying gold and are planning on holding it yourself...spend some time on ways to secure it. I mean, really secure it.
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