8 votes

Should I be buying gold and silver if the government is supposed to take it from us anyway?

I was curious about this. I know fiat dollars are not safe either, but if the government is going to confiscate our gold and silver, where can we put our saved money in? I was listening to Marc Faber yesterday saying if you have or are buying gold, be sure to keep it offshore in another country, because the government will take it from you. Is this true, or just extreme paranoia? I don't have the means to that, I'm not rich. Different people are saying different things. What should I do?

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LKY's picture

That is what the 2nd

That is what the 2nd Amendment for!

Apmex kinda sucks...

Compaired to Gainesville Coins. They're much cheaper on most of everything.. I always compare the two if I'm looking for something, and Gainsville beats them 9/10 times on price by far! A couple years ago Apmex was dirt cheap, but then they started advertising heavely and their prices went much higher.

the last thing I fear is the

the last thing I fear is the gubbermint trying to confiscate my gold. Executive orders on the books written by Reagan and later Presidents gives the US government the right to steal ANYTHING you have during a national emergency. Your food, your car, your truck, your farm equipment, your animals,fuel, firewood etc. ANYTHING you have they can take. It is just not gold and silver.
As the poster said below. at some point all of us are going to have to watch over each others backs. One family can not stand alone. I.E.
Ruby ridge and The branch davidians.

You might want to check out

You might want to check out the Sprott funds, PSLV and PHYS.

I must be willing to give up what I am in order to become what I will be. Albert Einstein

Pay cash

Make sure they won't have a record of it. If they do decide to make it illegal, you won't be able to use it unless you buy from someone like me.

I don't listen to unconstitutional laws. :)

I'd buy remote land.. Stuff they won't need nor would it be easy to bother you on. If they do decide to take that and fly out to you.. well maybe the bears got them.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Actually, places like Apmex

Actually, places like Apmex only disclose purchases to the IRS WHEN you DO pay with cash/money order/cashiers check(large orders). They don't disclose transactions with wires and personal checks.

If you're buying from the local pawn/coin shop, I don't advise riding around with 10K+. Large sums of cash is now the biggest red flag of all. I'll guarantee you stand more of a chance of govt. eyeballz on you from buying in cash vs. wires and personal checks.

Not to mention...the cops will take it from you in a heartbeat.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Scare tactics.

Buy small quantities.

The false security you're trying to put forth is not helpful. So we can trust that APMEX will have our back when the government decides to take it? That's your position?

I don't know how you got your CIP certification but somebody should send you back through.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

+1 of small quantities. It

+1 of small quantities.

It would be helpful to organize a list of gold sellers by location and price, making it easier to buy from dealer 1 today, dealer 2 tomorrow etc., etc. Stopping by the same dealer every day with $9900 to buy gold for, will probably result in having your picture taken for identification purposes.

I buy everything that I think the government will want to know

about like that.

Precious metals, food, guns and ammo. :)

Good idea on the list.. That's pretty much what I do. I leave no identifying information with anyone. If they say I HAVE to, then I go somewhere else.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

I recommend you listen to

I recommend you listen to this podcast, which answers your question (and more): http://www.lewrockwell.com/lewrockwell-show/2008/07/24/5-how...

Also, if you're looking for where to buy, I'd recommend Provident Metals. Someone else mentioned APMEX, which are okay, but their premiums are higher.

Well don't you think

Don't you think sooner or later you personally, for yourself, will have to draw a line in the sand, a line which you will be willing to die before you let anyone cross?

Personally I think defending ones wealth from being stolen is such a moment.

Problem is, you defending

Problem is, you defending your wealth with your popgun, is no match whatsoever for a professionally trained thugband with more relevant weaponry.

What you allude to can work, but people need to gang up and protect each others wealth. not just sit there and let the thugs confront one at a time.

To be effective, "Drawing the line in the sand" needs to be an external event that many, many people agree upon is tantamount to crossing it. At which point, they/we all agree military action against the regime is the last/only/best way forward. At which time everyone simultaneously starts exterminating all representatives and supporters of, and probably sympathizers for, the regime. Basically some permutation on what what Koernke talked about when he mentioned seeing two cops, wait until they have the backs to you, kill them, take their weapons and use those to repeat. Until they are all gone.

There are enough people in the US to easily accomplish that, if the will is there. Which it does not seem to be. So instead, you have a bunch of talkers yakking about "when they come to my door, they'll have to prey it from my cold, dead hands, blah, blah". As if that's some sort of problem for a professional, well armed cleptocracy, as long as that same tough talking guy sits at home, fat and flatfooted, while the thugs, on the way to his house, casually guns down his neighbor and preys whatever he once owned from his cold, dead hands.

I was talking about an idea..

not it's implementation. I never said what strategy to use to follow that idea.. You just assumed that I did.

After the first few sentences

After the first few sentences I was thumbing over to give you a red arrow down and then blast ya... Then I read the rest.. You are exactly right. Nice post.

that's the truth.

that's the truth.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

go read the 7th court of

go read the 7th court of appeals recent decision. They can now take your bank account, brokerage account, 401k, etc without blinking.

There are no good alternatives besides precious metals.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

To be frank, I wouldn't touch gold with a ten-foot pole!

Unless it was junk gold like class rings, etc., bought at pawn shops. If the government declared gold illegal and threatened to confiscate it less than eighty years ago, I'm betting it's high on a list of future "martial law things to do."

If you're major investment prepping, I feel you should buy land, not metals.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

In the 30s, the dollar was

In the 30s, the dollar was nominally Gold backed. Confiscating peoples gold was not really FDRs goal, merely devaluation. Of course, in practice, it amounted to the same thing. But nowadays, with not even the pretense of any backing for the dollar other than the government's ability to enslave a continent's worth of people, the motivation for confiscating gold is much weaker.

That being said, Argentina just recently banned trading in Gold, as they have done in foreign currencies, in order to force their slaves to use a constantly devaluing currency. So, over time, I'm sure that will become policy here as well. Which is why at the very minimum, being sufficiently knowledgeable about Bitcoins, crypto and the like to be able to utilize them should all else fail, is so important.

SteveMT's picture

Your fear of the government is just what they want...

you to believe. If you need to leave town quickly, what do you do with your land? The government could also takeaway private ownership of land.

"When governments fear the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson

You can't hide land

:-)

they can take your land

they can take your land through eminent domain/confiscation/taxes, etc.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Yes, that is true.

The issue with gold is all they have to do is ban and threaten to take it, and you can no longer use it as a medium of exchange in pragmatic terms. Like hiding it? You may be doing that forever.

It's going to be a lot further down the road when they try to ban and confiscate land.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

SteveMT's picture

The government is supposed to protect us also. Do they?

They are suppose to follow the Constitution also. Another lie.

We haven't been on a gold standard since 1971. FDR confiscated gold because we were on the gold stand at that time, and he wanted to devalue the dollar.

Buy it while your still can is my 2 cents worth, and only buy physical metal that is in your possession, not paper gold. Then, make sure that you have plenty of guns and ammo. The government is capable of anything, but remember that a lot of people refused to turn in their metal in 1933. If you follow tyranny, you're a part of tyranny. Be strong, and acquire some independence from this corrupt fiat currency system. That freedom-from-the-system action brings peace of mind.

When the gov't declares martial law

They'll go after mines and vendors, so you'll have a hard time buying any. I pity the people holding paper.

How is the Gov going to know you have it?

Pay cash for it, under $10K purchase(s) to avoid paper trail.

In the 30's they *did not* come door-to-door to confiscate gold/silver. They Asked/Decreed that you had to turn it in. Only approximately 25% of suckers holding precious metals complied with the order.

How are you going to get to another country to get your gold? Are they going to mail it to you when you need it?

Don't keep it in a bank safe deposit box; don't invest in 'paper' metal stock, either. You want the actual, physical metals.

Hide it, bury it.

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

Also, remember

that Roosevelt's Executive Order 6102 made non-compliance a criminal act punishable with a fine up to $10,000 (in that day!) or up to 10 years in prison, or both.

So, even hiding and getting away with it might be a nervous time for whenever you did use your gold.

Mark Faber Is Talking About Large Amounts Of Gold.

A one ounce Gold coin worth about $1770.00 is only about the size of the old 50 cent piece. Couldn't you hide that close to where you live, so that noone could find it except you?

100 ounces {$170,000.00}would probably fit in a hand bag or 2 pants pockets, and only a fool would let the government know all your secrets.

beesting

No. You Should Buy A House

Because that is what the government has told you to do.

Plus, a house is big and heavy so it is very hard to take it away from someone. Gold, on the other hand, is very small and light, so the only way to keep someone from taking it from you is to bury it in the ground somewhere.

9-11 was a panda job.

I hope this is a joke lol.

I hope this is a joke lol. The government could be able to take away everything you own, including your house.