The only reason that this economy is still creaking along is that the Federal Bank is propping it up. They continue to buy stocks and bonds. This is why the stock market keeps growing and growing. Eventually, even this help from the federal bank won’t help. Oh, there will be a crash, and the longer they try to prevent it, the harsher the crash. Here’s what I think this government will do, when the crash comes. 1) They will take all the IRA’s, and federalize it. They will “PROMISE” all those people a return of 3% to 5% of their money, along with their Social security 2) Confiscate all GOLD & SILVER from people that own them. (THEY ALREADY 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. And we will be at the mercy of the government.
“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.
There are people that own PM’s that the gov’t knows nothing about. I know several(I wish I was one). How will they confiscate something that they know nothing about?
They "may" know, they may not...regardless, anyone with half a brain who has PM's in their possession surely isn't stupid enough to keep them around for the feds to come looking for and there are absolutely no "reporting" requirements with regards to having sold or otherwise "donated" the PM's to others.
Let the feckless bastards come...I'm sick of being told to fear those government pieces of excrement for this and for that...it's back asswards the way this country is going.
Time for a stand...let them seek mercy at the hands of the populace they've intimidated and run roughshod over...oh, sorry, I'm fresh out.