It has happened before:
RE: The people that do not have possession of physical gold may be in for a surprise......a simple request from the govt will confiscate their holdings
I own a lot of Gold (supposedly) via my ETF Gold iShares ( AMEX Symbol : GLD ).
If I took possession of the amount of gold backed by the money I invested, I would be very reluctant to keep them at home.
Are you saying that even these iShares ownership will be illegal ?
If you can’t hold it, you don’t own it...
If the sh-t hits the fan, do you REALLY think that someone will bring you “Your” gold...
Do some reserch and you will soon realize that there is an estimated 50-100 ozs of “Paper Gold” for every oz of “Real Gold”.
It has happened before:
Not illegal, FDR demanded that people turn in their gold. Some didn’t, most did, but if yours is held by another, it is only a simple request to have the govt give you a set amount of dollars for yours, and have the gold handed over. I simply do not trust them. You are right though, it is hard to have a safe place to keep over a certain amount.