THE GOLD CONFISCATION ISSUE>>>
The Gold Confiscation Issue
The British Sovereign - The French 20 Franc - And The Swiss 20 Franc In Brilliant Uncirculated Condition
By now most Americans understand that gold was confiscated in the United States in 1933. Our government did so in their effort to stabilize what they believed was a dangerous currency situation. The depression forced our banking system to freeze up and people began to lose faith in US paper money.
At that time our government made a distinction as to which gold coins interested them. They wanted those in circulation, meaning common $20 gold pieces, $10 gold pieces, and $2 ½ dollar gold pieces. All of these were used in everyday commerce and traded at their face value. Premium gold coins, which were studied by collectors, were not wanted by the government and were not turned in for melting.
From 1933 to 1975 gold bullion ownership was not allowed in the United States . Certain types of older gold coins were exempt. Among these were the British Sovereign, the French 20 Franc, and the Swiss 20 Franc.
So what does this all have to do with gold ownership today? Some investors believe the government will again confiscate gold in an attempt to bolster the US dollar. There are also large national gold companies today which believe larger gold bullion coins will be confiscated.. These firms therefore recommend smaller, earlier gold bullion coins in brilliant uncirculated condition. Coins like the gold British Sovereign, the gold French 20 Franc, and the gold Swiss 20 Franc. These coins trade like bullion, don’t require a large premium, and most were struck before 1933. Their reasoning follows that these gold coins are not be subject confiscation because of their collectable nature. We don’t believe there is much to the confiscation debate, the final call being up to Uncle Sam. If you are one who has some anxiety about confiscation consider what many national dealers recommend.
Back in early October, the first type of coins to disappear were these types. In the last week we have obtained as follows:
Type Price (using 860 spot)
630 British Sovereigns 242 (.24 gold content)
1200 French Roosters 193 (.19 gold content)
600 French Napoleans 192 same
1200 Swiss Francs 193 same
NEXT BIG MOVE UP AND THIS AGAIN WILL BE THE FIRST DISAPPEAR. I HEAR THE PHRASE “WAITING TO SEE WHAT OBAMA DOES”…
HUH????? THIS IS LIKE REARRANGING THE CHAIRS ON THE TITANTIC….. GRAB THESE!!!!!
Call me if interested…
Chad Lang
Stanford C&B
1-800-627-3015
Ext 2317
If you're going to place an ad here
BUY it. Michael would appreciate it (I'm pretty sure.)
Trust me I would..
But you have to have an endless inventory... I run an ad that maybe irrelevant in two days... You don't understand how quick this market is moving...
it's inappropriate
.
The dollar aint backed by gold..
that might be an issue.
???
You're gonna have to explain that issue then.... I missed it.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
The one thing different in this equation ...
..is the new American public.
Gold confiscation will be treated like gun confiscation.
If that's what it takes to start it up, I say let's go.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
agreed
I'd like to see what happens when the Feds start knocking on the doors of true Patriots,demanding
the last little bit of valuable assets (metals)
that they weren't able to steal from them by way of Bailout madness,and the inevitable devaluation of their dollars.
marketing ploy
This is just a marketing ploy by coin dealers to try and sell gold above bullion value.
The gold situation now is totally different than it was in '33. In '33 gold was in circulation as money along with paper dollars, but the paper dollars were 100% convertible into gold. The PTB wanted more power to control the money supply. To do that, they needed to take gold money out of circulation. They didn't need to take gold jewelry or numismatic coins out of circulatin to accomplish their goal because that gold was not being used as money.
Now, gold is not in circulation. There is no need to confiscate it. IF the dollar collapses (as I believe it will) and IF people begin to use gold and/or silver as currency (as I believe they will), and IF the government tries to float a new fiat currency (which it might), and if it sees circulating gold and silver as competition for the new fiat currency, THEN it might try to confiscate. But if it does, it will confiscate any and all gold and silver being used as currency. If numismatic coins are being used as currency, they will be confiscated too. If they are not being used as currency, they will not be confiscated. But if you are not trying to use your bullion coins as currency, they also will not be confiscated because nobody will know or care that you have them.
Numismatic gold sells at a collector's premium above bullion value. The chance of recovering that collector's premium on sale depends entirely on the collector's market. The collector's market is very limited and very volatile, because it is essentially a hobby. When times get tough, expensive hobbies don't stand up too well. The collector value of numismatic gold is no more likely to hold up in an economic collapse than the collector market for art. Of course numismatic gold will never drop below bullion value because it IS gold afterall, but if your numismatic gold sells for bullion value only, then you lose the entire collector premium you paid.
If you are interested in numismatics as a collector, by all means buy some. But don't think they are in any way a better investment than bullion coins or bars. They are not. In fact, they are much worse because of the higher buy price that may or may not be recoverable on sale. Collector value is ephemeral. Don't invest in the ephemeral.
Keep in mind what also happened..
The people weren't able to use their gold for commerce because of the fear of the 10 year imprisonment and 10,000 fine... Refute that... Until we all practice disobedience then is as relevant as it gets...
Yup
My point is that there is less reason for a gold confiscation now than there was in '33 and if there IS a gold confiscation, it will not exempt numismatic coins that are being used as money. Government doesn't give a crap about coin collecting. It cares about controlling the money supply. If your collector coins are being used as money and the government sets out to destroy competing currencies, numismatic coins will be confiscated as well as bullion coins.
And if your point is that numismatic value is a stable place to hold wealth, I disagree. Numismatics is a hobby. Hobbies do not fare well in hard times. Today's collector coin, minus the support of the numismatic hobby, is just bullion.
If a person wants to protect their wealth in gold, buy bullion. If a person wants to take a chance with using gold coins as money in the post-collapse, buy bullion coins. If a person wants a hobby in coin collecting, buy collector coins - but don't think you will recover the collector premium during hard times. You won't.
So I repeat, attempting to scare people with the threat of confiscation and then using that fear to sell them gold with a collector's premium is a sharp sales tactic and is not supported by a reasoned analysis.
Anyone who pays more than the bullion value for gold and thinks they will benefit from that collector premium is making a mistake.
Does the government fly you so you can brief them...
Do you even know what is happening in the bullion market? There is not much difference in the price of these coins... Go call and get prices on American Eagle or Buffalo... I assure you if you can buy like prices and one has a history and is also fractional (try breaking that ounce coin at a fruit stand) Have you seen fractional gold on how its traded. I gave you a link... Look at before the diatribe of opinion you may have. Look at the relevance of your statement versus what is... Everyone has their roles, try not to take the role of others. I'm going to be that guy who can get you things in the gold market. We had 100 eagles yesterday and I sold them in 5 minutes. These people are the ones I wish to equip. Go to ebay and tell all the people buying Swiss francs and Gold Eagles are crazy... Oh by the way supply and demand work in the gold market...
True to an extent ...but
If I (the holder of P.M.'s) was hungry and you my neighbor (the farmer) needed or wanted something of value (metals),even if just to hold for the future...
I think you would be happy to make a trade of some sort with me,without reporting this transaction to the government ,if for no other reason than the fact that they would then confiscate YOUR newley aquired assets.
Of course that is what I'd do...
But since so many industries have been penetrated and we are not as self-sufficient as in the past and so many mom/pop industries have gone by the wayside then it's definitely a scenario shift... But right now as it stands a large percentage of the population is operating in fear....
I don't fear a Total economic collapse
In fact I would welcome it!
I could NOT care less about big business or wall street,and I do believe that within the next few years it WILL collapse.
I also feel that(every human) should prepair for it, and LEARN to be more self sufficient or pay the price.
I am here to learn!
I would agree with that assessment.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
Marketing ploy? Yes there is ignorance on this site...
http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_i...
Click on this link, see if price is a marketing ploy, start digging into you von Mises... Contact the 10 people around the country who have bought from me and can't get it locally. Talk to the 6 million dollar order in Swiss Francs from one client in early October... Create your fool's paradise somewhere else...
Your comments are incrimminating ...
I guess that is why a lawyer always advises you to be silent.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
Tell me how?
All knowing rhino... Trust me I can pull your comments and not find them particularly enlightening...
here ...
Contact the 10 people around the country who have bought from me and can't get it locally.
Are you or are you not a peddler ...
not a bad thing ...
But call it what it is.
Let others decide your integrity.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
Peddler?
I'd rather put gold in smart hands than the idiots I get off the radio advertising off Sean Hannity's program... I have no problem with business, (gold and guns being top industries) You don't make money in bullion idiot... If you put a 50,000 order of gold it would mean $100 dollars... Anytime, give me a ring and I'll teach you...
Like I said ...
It is not a bad thing ...
I am a peddler myself.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
World of difference between you and I... Call youself one if you
Wish....
A peddler, in British English pedlar, also known as a canvasser, cheapjack, monger, or solicitor (with negative connotations since the 16th century), is a travelling vendor of goods.
confiscating gold
i suppose if they can confiscate your guns they can easily take your gold...wonder what they will go after first. Is there a place one can purchase silver bullets?
Steven Orrange
I like the analogy to vampires, but a wooden stack would also ..
work. Silver is too good for them.
So true
So true
These "collectors" coins that you mention were not confiscated..
because the elitists had all of their gold in that forn, so they were safe.
In '33
When the government called for Americans to turn in their Gold...approximately 20% of the population who held the precious metal actually DID! (suckers)
ah haha...
(and some people actually trusted
the Government in those days.)
Most Americans now realize that the Government is working very hard to make the dollars that they've worked so hard to obtain...WORTHLESS!
If oBaMa decides to try it again,
This time it won't be nearly that big a percentage,If any.
AHH but you are missing something ...
A substantial amount of gold investments is through ETFs and options ...
Where a reserve is stored in a central warehousing system.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
NOT a
substantial amount of MY gold investments is through ETFs and options ...in fact NONE OF IT IS ahhh haha
Well then, you are quite smart.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994