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View Full Version : Confiscation of Gold - written into the Patriot Act




IceCubeGirl
12-04-2007, 09:06 PM
During Roosevelt's era, using an executive order, the American government confiscated citizen's gold.

Read this: http://news.goldseek.com/GoldSeek/1196605589.php

Are they getting ready to do it again?

They've already confiscated the "Liberty Dollars" - which had been operating for about 10 years. Why now? Aren't people permitted to trade whatever they want for goods and services? Or are they scared that people will start PREFERRING it to dollars?

They are forcing jewelers to register & record purchases under the Patriot Act - Why? So that they know who to visit when they want to get it.

How come the American Mint has terminated the sale of American Gold Eagles?

Ron Paul is making people think. He is drawing people's attention to the fact that their savings are being sneakily sucked away by the government without the benefit of taxes via government generated "inflation".

This is serious.:cool:

fsk
12-04-2007, 10:33 PM
There's already a current thread on this:

http://www.ronpaulforums.com/showthread.php?t=47200

The Liberty Dollar was confiscated for reasons other than they were made of silver and gold. It is still legal to own gold and silver coins and rounds. It is legal to own a liberty dollar coin PROVIDED you don't pretend it's government-issued money.

Bradley in DC
12-05-2007, 08:39 AM
They are forcing jewelers to register & record purchases under the Patriot Act - Why? So that they know who to visit when they want to get it.

The explained reasons for expanding the scope of our anti-money laundering laws (which need to be repealed, but that's the subject for another thread) was that it was in response to the true examples of jewelers and precious metals dealers setting up shop in order to engage in money laundering. Rachel Ehrenfeld's wonderful book "Evil Money" has a chapter on the most famous example.

fsk
12-05-2007, 06:30 PM
The advantage of gold or silver is that they're ACTUALLY REAL UNTRACEABLE money. If you're really paranoid, you can melt down and re-forge the metal, making the source untraceable.

If you write a check for over $10k, that triggers government reporting requirements. If you hand someone 10 ounces of gold, that's hard for the government to discover.

If you have a bar of gold, you can hold onto it, and it's guaranteed to be an inflation-protected investment.

If you have Federal Reserve Points, and hold onto it, you're going to lose to inflation. If you have any source of off-the-books income, you need to be able to convert it into tangible assets. That's the reason anyone who gold and silver dealers are forced to report transactions to the government.