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Keyword: confistication

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  • Gold Confiscation Risk

    11/02/2009 7:37:21 PM PST · by blam · 58 replies · 2,697+ views
    The Market Oracle ^ | 11-02-2009 | Howard Katz
    Gold Confiscation Risk Commodities / Gold & Silver 2009 Nov 02, 2009 - 02:05 AM By: Howard_Katz Things are looking good for the gold bugs these days. September and early October saw the (long awaited) break above $1,000. This past week saw the technical pull back to the breakout point, and Thursday was the turnaround day. Friday saw some very bullish candlestick signals in many of the gold stocks. But one thing has been bothering many gold bugs. In 1933, the U.S. Government confiscated the people’s gold. The Government even went into safety deposit boxes (in private banks) and took...