When the SHTF and these countries demand their gold , that the Fed no longer has, the government confiscates civilian holdings of gold.
Oh wait, this has been done before.
Will we sit back and take it? Or will the revolution begin?
They will do more than that. The collapse will be so vast and deep that they will seize IRAs and other assets. If people don't think that is going to happen, they are deceiving themselves.
The financial collapse atmosphere will be on of absolute panic. This will be used to their advantage. They will issue worthless "bonds" in exchange for your IRAs and other assets, including the precious metals that will now be illegal to own. They will make examples of those who resist (just like they did during the 1930s). There will be prominent arrests of people who thought their gold was securing in safe deposit boxes. With Federal agents standing around and the cameras rolling, they will open these, and there will be arrests.
The government knows exactly where your assets are, because they force you to declare them. The know how much is in your IRA. Count on it.
We will sit back and take it.
I was kayaking out in the ocean the other day, using my gold as ballast, but a big wave capsized my boat, and now all my gold is in Davy Jones locker. Sniff : (