According to years of documentation, the specie was stored with Sunshine Mint:
http://www.sunshinemint.com/Safekeeping.htm
If the FBI executed an order against Sunshine demanding that they freeze assets stored on behalf of the Liberty Dollar corporation, then they don’t have to cart the metal away in order to have confiscated it.
_____________________________________________________
The FBI actually raided Sunshine and took all the metals being stored there against the certificates.
I’m not sure what rationale the FBI had for this but I suppose that if they say it is evidence of a crime then they could confiscate it. Like most evidence it will be returned when they don’t need it anymore. Like several years from now. For most of the people who have the certificates it won’t be a problem, the silver and gold will only go up in value. It seems to me that the Government could have simply bought one of the certificates and then they would have had all the evidence they would need. This seems to me to be VERY HEAVY HANDED!
A government that can do anything for you can do anything to you.
That would appear to contradict the statement in the EMail that the seizure took place at the strip mall location. Clearly assets at Sunshine could be seized. All sorts of interesting issues. I don’t know Sunshine, but I’ve no reason to think they’re anything but a legitimate depository. Interesting to see how their insurance/bonding covers a seizure, in the long run and in terms of short term liquidity. I know you’re a little more judgemental about this than I am, I can wait to see the charges and the basis of the warrant, assuming this happened, but I can see a number of issues here beyond the currency problem, largely dealing with banking and securities regulation, as well as campaign finance.