Anyone who thinks that Obama would not restrict precious metal ownership in some way if the runaway prices became an embarrassment just has not been watching what these people have been up to.
They can make it illegal to transport it out of the country without a license.
They can enact large taxes when metals are bought/sold.
Outright confiscation is unlikely but they don't have to confiscate it to own it, they can just tax and legislate it to death.
You are correct. It is different now than from back in 1934... confiscation of gold probably won't work as well this time around... back then... people were more willing to believe that the government knew best... and allowed FDR to confiscate their gold... and when FDR inflated the dollar... it was at that time the biggest theft of wealth in history...
I don’t doubt that is probably true.
But that would cause a black market.
I have wondered where the idea of the ‘Mark of the Beast’ would become an acceptable risk for governments to engage in.
A rising and uncontainable black market world wide just might be it.
Interesting times indeed.
Maranatha!!