Mark Faber: The Fed Will Take Away Your Gold

[madfranks]

http://lewrockwell.com/faber/faber141.html


Faber is on record as to the importance of owning physical gold and he again warned about the importance of owning gold but not storing it in the U.S.

"You ought to own some gold but don't store it in the U.S., the Fed will take it away from you one day," Faber astutely noted.

Hmm, I just don't know how the expense of confiscating gold would justify the relatively small amount that would be seized. There's just not as much gold in private hands today as there once was.

[Dogman]

http://lewrockwell.com/faber/faber141.html



Hmm, I just don't know how the expense of confiscating gold would justify the relatively small amount that would be seized. There's just not as much gold in private hands today as there once was. When has that stopped the government from spending 10 dollars to save one dollar?

[horseshoe3]

http://lewrockwell.com/faber/faber141.html



Hmm, I just don't know how the expense of confiscating gold would justify the relatively small amount that would be seized. There's just not as much gold in private hands today as there once was.

It's not about money. It's about making sure you know who your master is. Same as airport security.

[madfranks]

So you think that gold confiscation will happen again in this country? I don't, for many reasons. The primary one being that here at GSUS, we're all gold bugs, and put a lot of importance on gold. So we tend to project that on to other people, especially the government, that somehow they too recognize the importance of physical gold. But do they really care about gold? I don't think they do, now that they've had their fiat paper monopoly system for generations, gold simply doesn't matter to them. People who own gold are not threats to them the way they once were, when every withdrawal of gold coins from the banking system was a tangible vote against the system.

[horseshoe3]

So you think that gold confiscation will happen again in this country?

Probably not. But it won't be decided based on economic considerations.

[Sparky]

The original motivation for gold confiscation in 1933 was for the U.S. to profit from being taken off the domestic gold standard. We now have a fiat standard that they will fight like hell to retain. There's no plausible scenario for gold confiscation. There's a better argument for silver confiscation, which they can claim has military industrial use, in the best interest of defending the country.

[PlatinumBlonde]

So you think that gold confiscation will happen again in this country?

Yes. Opperative word is again..

[Hatha Sunahara]

The original motivation for gold confiscation in 1933 was for the U.S. to profit from being taken off the domestic gold standard. We now have a fiat standard that they will fight like hell to retain. There's no plausible scenario for gold confiscation. There's a better argument for silver confiscation, which they can claim has military industrial use, in the best interest of defending the country.

The original motive for taking gold out of circulation was that the Creditors (International Bankers) wanted the gold and quite a few other things in order to settle the bankruptcy of the country in 1933. The International bankers met with various governments in Geneva Switzerland to give them terms for bankruptcy in order that they might start issuing credit once again and get all the nations that went bankrupt back up on their feet economically. The banksters took the gold as they now take houses in a foreclosure. They had the government store it at Ft. Knox for them, and absolutely forbade the politicians from telling the people who the 'receivers' were in this bankruptcy. We also got the end of common law, and the dominance of Admiralty law in our legal system as a result of this bankruptcy. That means another of the terms of this bankruptcy was that all the people were to become slaves.


Hatha

[Neuro]

So you think that gold confiscation will happen again in this country? I don't, for many reasons. The primary one being that here at GSUS, we're all gold bugs, and put a lot of importance on gold. So we tend to project that on to other people, especially the government, that somehow they too recognize the importance of physical gold. But do they really care about gold? I don't think they do, now that they've had their fiat paper monopoly system for generations, gold simply doesn't matter to them. People who own gold are not threats to them the way they once were, when every withdrawal of gold coins from the banking system was a tangible vote against the system.
The small amount held by gold bugs is not important. But the psychological profile of them probably is. They may want to wring the gold out of your cold dead hands...

[vacuum]

Wouldn't it help depress the price of gold? Perhaps keep things going a little longer? Maybe appease china for a year or two?

[Ponce]

I would say that if the government were to "confiscate" anything it would be silver as a "strategic material".......after all a hell of a lot more silver than gold is used for missiles and so on.

[Sparky]

The original motive for taking gold out of circulation was that the Creditors (International Bankers) wanted the gold and quite a few other things in order to settle the bankruptcy of the country in 1933. The International bankers met with various governments in Geneva Switzerland to give them terms for bankruptcy in order that they might start issuing credit once again and get all the nations that went bankrupt back up on their feet economically. The banksters took the gold as they now take houses in a foreclosure. They had the government store it at Ft. Knox for them, and absolutely forbade the politicians from telling the people who the 'receivers' were in this bankruptcy. We also got the end of common law, and the dominance of Admiralty law in our legal system as a result of this bankruptcy. That means another of the terms of this bankruptcy was that all the people were to become slaves.


Hatha

Yes, that's a better explanation. But my point is the same, that the circumstances surrounding confiscation don't exist today. Other countries can't redeem US fiat for gold. So what would be the excuse given to confiscate?

[Sparky]

I would say that if the government were to "confiscate" anything it would be silver as a "strategic material".......after all a hell of a lot more silver than gold is used for missiles and so on.

I just said that. ;) Post #6.

[vacuum]

So what would be the excuse given to confiscate?

Terrorism, tax evasion, drugs

edit: I'm sure all electronic and paper forms of gold will be legal, but why would you need physical? unless you were a criminal...

[gunDriller]

People who own gold are not threats to them the way they once were, when every withdrawal of gold coins from the banking system was a tangible vote against the system.

TPTB don't like independent thinkers, especially those who act on their beliefs.

when Gold & Silver escape the shackles imposed upon them by the Banksters, it will confer a true Financial Power upon tens of thousands (millions ?) of independent thinkers, people who recognize the falseness of Israel worship.

that will be a problem for TPTB.

[Hypertiger]

If there was a return to a gold standard there would be a demand for gold to be turned in...i don't see it.

The city of london invented the Gold standard to take over the global money supply...prior to the gold standard the world operated on a silver standard.

money was a measure of silver...not gold...gold was defined as a measure of silver...thsi was changed by teh city of london in the 19th century...with the city of london controling teh global gold trading network.

the US dollar was officially redefined by the gold republicans which the city of London funded in 1900.

it changed the US dollar from a measure of silver to a measure of gold...Gold which the city of london controled.

In 1933 teh gold was all confiscated because teh city of london called in all the gold when teh roaring 20's reached maximum potnetial and collapsed.

the gold was all out on loan...because gold is such a small amount...the city of london lent out and relent out more and more gold...and when the global trade system collapsed in 1929-1933.

the gold standard collapsed and all teh gold on loan was called back in...

In order for the US banking system to be recapitalized.

The US treasury issued gold certificates backed by gold held by the US treasury which the US treasury obtained by banning gold ownership...and then all the certificates were given to the FEDERAL RESERVE....to back FEDERAL RESERVE notes.

The Federal reserve still has all those certificates and they have dibs on all the gold held by the US treasury.

In zimbabwe they confiscated all teh gold when their economy collapsed...in order for the population to survive...they spent their gold and silver...and because zimbabwe was a net consumer and ran a trade deficit...all the gold that went into circulation...circulated out of zimbabwe and didn't come back.

The same thing would happen in the USA.

basically if all the gold in the USA including current production was used to sustain imports into the USA...there's basically enough gold to sustain global trade for maybe half a month.

If you don't have a source of income to support your consumption...Any savings you have will rapidly vanish in a collapse scenario.

[Hypertiger]

The Jews of Poland were told the safest place on earth for them was warsaw...and then those that believed that were all concentrated in one spot and a wall was built around them.

Following WW2...The Jews of Europe and the world were told that the safest place in the world for them was Israel...and then those that believed that were all concentrated in one spot and a wall was built around them.

[Libertarian_Guard]

The Jews of Poland were told the safest place on earth for them was warsaw...and then those that believed that were all concentrated in one spot and a wall was built around them.

Following WW2...The Jews of Europe and the world were told that the safest place in the world for them was Israel...and then those that believed that were all concentrated in one spot and a wall was built around them.

But no wall around east Palm Beach. A missed opportunity?

[Mouse]

Your gold will take away the FED. Say it again.

YOUR GOLD WILL TAKE AWAY THE FED.

Okay. Feels kinda good.

YOUR GOLD WILL TAKE AWAY THE FED.

I can't hear you!

YOUR GOLD WILL TAKE AWAY THE FED.

[Uncle Salty]

Yeah. Stick all my gold in Hong Kong. Then the shtf. How the fuck do I get to Hong Kong to get my gold?