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overtheedge
Member since May 2012
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Will Uncle Sam Confiscate Gold Again? - Mark O'Byrne - gold.ie

"... , generally larger amounts would be safer stored in the safest vaults in the world and in the safest jurisdictions in the world."

And none of these safe jurisdictions would ever change their mind and seize the gold?
Maybe they will provide the same level of banking secrecy that the Swiss provide for Americans as well.

Oh, the warm fuzzy feeling you suggest about safe vaults and safe jurisdictions just makes me feel snug as a bug.
Do you honestly think jurisdictions like Singapore are going to tell the USA, "We aren't going to play your game?"

I will agree that small holdings aren't worth the trouble or expense to seize.
But by the same token, governments aren't populated by the brightest bulbs in the pack.
The voters cast their ballots for people just like themselves.
Of the people, by the people and for the people.
Likes like likes. Stupid elects clever stupid because stupid doesn't trust smart.

Commented 3393 days ago

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Beginning of the headline :There are growing concerns internationally that in the event of another systemic crisis – a Eurozone debt crisis or another Lehman Brothers collapse – there could be enforced bank closures or extended bank holidays as seen in Greece recently.In this scenario, deposit boxes and vaults in U.S. banks and financial institutions could be sealed and gold confiscated again.There is a legal precedent for this. April 5th, 1933 – at the height of the Great Depression – was the day when U.S. President Fra... Read More

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