Hide Your Gold To Keep It Safe
October 14, 2013 by Bob Livingston
I just read The Insidious, Hidden Nature Of Theft By Government, which was excellent as usual. However, I question the ending conclusion, “Preserve your labor, your savings and retirement with gold and silver…” Every author of similar articles seems to conclude the same thing. And, I would agree if we were free to own it. Today we are, but what about tomorrow? No author ever mentions that in 1933 the “hoarding” of gold and silver became illegal, per Executive Order 6102. Hoarding at the time meant that it was illegal to own any amount of gold over a mere value of $100 (a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011). This information is at http://en.wikipedia.org/wiki/Executive_Order_6102.
I can’t imagine that you are not aware of this, so why are you not pointing this out to your readers. After everyone “preserves” their wealth by buying gold, I believe it’s going to be taken away. People are being led to slaughter.
I welcome a rebuttal that makes good sense. More importantly, if this can happen again, please warn your readers.
Thank you for your consideration,
The current official U.S. so-called debt is $16.9 trillion. All the gold ever mined only comes to about $6 trillion. The amount of privately-owned U.S. gold is miniscule compared to $16.9 trillion in debt and would not be worth the effort to confiscate it. Besides, I always recommend you buy it in secret and tell no one who can’t be trusted about your gold; this goes for some family. The Feds can’t confiscate what they don’t know exists.
More likely is that the Feds will confiscate the $18 trillion in individual retirement accounts, 401(k) plans and private pensions.