“THEY KNOW WHO OWNS THESE PRECIOUS METALS), and all they’ll do is take it. They will make it illegal again to own GOLD or SILVER.”
Buying gold and silver was popular when everyone thought hyperinflation was just around the corner. Some would ask if the dollar is going to become worthless, why would the sellers of precious metals sell for soon to be worthless dollars?
Maybe you just gave the answer.
If you are holding gold and silver during inflation, you sell just enough at a given time to buy, say, a month’s supplies and pay a month’s bills and do all your spending in one day or as fast as you can. Larger ticket items will go for a gold or silver “trade” probably in a burgeoning black market. Hard inflation always brings price and wage and everything else economic controls and spawns an instant and ballooning black market.
You can’t say “IT’LL NEVER HAPPEN HERE”. Because in the 30’s, That was the first thing FDR did, as soon as he took office. Every body had to turn in all their GOLD & SILVER and the government decided what price they would pay for it. As it was, gold was pegged at $20/oz, and silver was pegged at $1.00/oz. There is nothing in the world that can stop them.