And all those US citizens who have been buying gold should prepare for its seizure, a la FDR.
We have seen gold mines opening up in our part of the country where they were banned in the past. The Feds must be getting worried. One mine has stated that they believe there is over 700,000 ounces of gold in the existing mine. It has been closed for decades by the Feds.
Not gonna happen.
That would be a epic disaster politically and economically, so your probably right.
Are they going to do house to house searches?
Those who think we should be ready to have our gold confiscated should remember that many of us who own gold also own lead. No one person can stop a government but a lot of us, one at a time, can and will winnow out some of the collectors and there will come a point in time when there are no more collectors left alive. There are some things up with which we will not put.
National compliance with that edict was around 1% during the Great Depression. It will be even less obeyed (and resisted violently) this time around.
What makes you say that Pecos?
I have been thinking about buying more gold jewelry as a safety net. Maybe buying jewelry when it is on sale. I don’t know about the resale value of jewelry. Does anybody think this is a good idea? I don’t mean going crazy with jewelry but just buying a piece here and there when it is on sale. Jewelry is a luxury but it also has a practical side since it does not lose its value like so many other things that we spend our money on.