https://www.youtube
.com/watch?v=_PFWT6ALd7oIs Gold Confiscation fact or fiction? Are they coming for your gold in a repeat of President Roosevelt’s Executive Order 6102 from 1933? Would that require a move back to a gold standard to make sense? So many questions. So much room for misinformation. ✅ SUBSCRIBE: http://youtube.com/c/2is1gold?sub_confirmation=1 🔥 JOIN: https://www.youtube.com/channel/UCOqoxEetp1w7AUVPI9zuWqw/join 📷 Instagram: https://www.instagram.com/2is1gold/ 💬 Discord: https://discord.gg/yBP33yh7WG 🚫 DOOR MARKED PRIVATE: https://youtube.com/channel/UCctKmix39l6YuSXtNIC-C3g?sub_confirmation=1 WHERE TO BUY JM Bullion is a trusted dealer and a sponsor of the 2 is 1 channel. https://www.jmbullion.com/2is1 (I do not receive commissions.) HELPFUL VIDEOS ▸ Gold Coins 101: https://www.youtube.com/watch?v=zqh-A2Hh4wQ ▸ Storage: https://www.youtube.com/watch?v=ZdnKfOjvlGA ▸ Capsules: https://www.youtube.com/watch?v=m7lSvVq3FFc&t=148s PRODUCT LINKS: ▸ Pelican Micro Case https://amzn.to/3r6HtUd ▸ 32mm Direct-Fit Capsules (Fit 1 oz American Gold Eagles, Gold Buffalos, etc.) https://amzn.to/38TpVE9 (10 capsules) https://amzn.to/3F1FYgX (20 capsules + tube) ▸ 30mm Direct-Fit Capsules (Fit 1 oz Canadian Maple Leafs) https://amzn.to/3pYmLoO ▸ 27mm Direct-Fit Capsules (Fit 1/2 oz American Gold Eagles, etc.) https://amzn.to/3nVpfCq ▸ 22mm Direct-Fit Capsules (Fit 1/4 oz American Gold Eagles, etc.) https://amzn.to/2LHteFN (20 capsules) https://amzn.to/3UI0D0s (20 capsules + tube) ▸ 16mm Direct-Fit Capsules (Fit 1/10 oz American Gold Eagles, etc.) https://amzn.to/3roUzLy ▸ Theory11 Playing Cards https://amzn.to/3ec9B4L ▸ Field Notes Notebooks https://amzn.to/3fuWoq2 I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers! GET IN TOUCH [email protected] Disclaimers: I am not a financial planner, a CPA or an attorney qualified to give financial advice. Nothing in this video constitutes professional or financial advice. I’m just a guy on the internet, talking about precious metals. This is for entertainment only. You alone are solely responsible for evaluating or acting on any financial transactions. If you’re looking for financial, tax, legal or other advice, please seek out a professional. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase. Thank you!
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Every ounce they can find, they can keep. Including the fake ones. They will need as much gold as they can dig to keep from swinging from the courthouse lawns given the prints IMHO,. Option B: bread goes to $100 a loaf after gold is reset to cover at least 50% of the outstanding dollar based national debt at say $20-30k per ounce. Oh, and did I mention I HATE BOATS!
Come for my gold, get shot. 🤷♂️ George Washington is my forefather, not tyrannical anti-freedom government.
@Kyle G They steal from you every day you are not mirrored to their assets/trades, but feel fortunate you find yourself in certain company that understands this issue. There are little few found in the streets.
Nice! I love experimentation. I’ll bite.
They know who owns any significant amount of gold. They might go after such people for unrelated reasons and those people might lose their stack. But little guys with less than a couple hundred ounces, not worth the effort to them. The optics would work against them. Just my opinion.
What about silver as an alternative
You will own nothing, and be happy! 😃
check it out
I appreciate your perspective on this. The focus I think should be on security, not fear. I don’t know about anyone else, but with the current macro environment, I fear my funds in banks MUCH more than I fear the ones under ground/water. And, even if they decided to go after our gold, the fact that we have something they want only strengthens how important it may be to hold it.
Well put.
What do I think? I think you’ve maintained a “comfortably numb” stance, that is, a conservative stance when in the meantime, the world is roiling around us and full of corporeal uncertainties. Right: we are one half of one percent of people paying attention to and believing in the long term value of the yellow ore.
But: and however, the price of Au and our fate for holding such a belief in it is predicated on what the BRICS pooh-bahs are going to set as a price on it—outside of the confiscatory scope of we few in the U.S.-North America, let alone those who would and do place value(s) on things under and beyond U.S.. law.
We are at a point in time where all bets are off. The perennial gold bug leaders with their $40 to $60,000 per ounce on a re-set extremes have just as much a place at the table as those of us believing in much more modest gains being imminent. But we must remember in these times of asymmetrical warfare (for all of the marbles) those who oppose the $USD are arming themselves, have armed themselves, as surely as our Western leaders’ reactionary go-to sanctions that have proven so utterly and failingly shallow and inept based on their multi-decadal conceit and long-term military bullying as a solution to keeping the $USD paramount.
I’m just saying my hackles remain raised in these times, killing off the $USD is paramount and more effective than any other bombs contemplated or already dropped. I’m staying wary. My government taught me this all-important lesson.
Nice subtle 1984 book in the background 🤔
I agree that gold confiscation is a minimal possibility. This does not mean that it is impossible to occur, only that the probability seems very low
and for the following reasons:
1. In 1933, gold was money and it was circulated as such. Yes, there was also paper money but it was mostly as silver and gold certificates
that could be exchanged for gold and silver coins.
2. In the heart of the Great Depression, there were plenty of goods but very little money with which to buy them. In the words of my Gram,
then a young woman, “Money was dear.” Her generation learned to make things, repair things, make do with what they had, or did without.
3. It is doubtful that in today’s litigious society, any such attempt at gold confiscation would survive a SCOTUS challenge. This is because the
courts tend to look at things in a more abstract way than regular people do. The courts would see gold, not as a collectible, but as property, so
allowing the federal government to seize private property would mean that they also could seize ANY private property, such as homes, land,
vehicles, stocks and bonds, and cash. I fully expect the current SCOTUS to end the government’s civil asset forfeiture laws on this basis, at
least until the people involved were investigated, charged, tried, and convicted of various crimes, such as drug running or money laundering.
Currently, this is not necessary, so even the suspicion that crimes are being committed can be sufficient for asset seizure.
4. In a lot of cases, those promoting the ownership of pre-1934 gold coins do so because they tend to be sellers of these types of coins and do
so, often at a high premium or markup. I avoid these coins because I want more ounces of newer gold instead of fewer ounces of old gold. The
IRA never clearly specified what the terms “collectible”, “rare”, and “of collector interest” really mean. Because of this, it is difficult to know just
which coins meet these criteria.
5. The US Gov would not be able to supply the manpower for a nationwide search and seizure of gold coins. They would have to depend on the
local city police agencies and the county sheriff’s departments for this, many of which would not cooperate with such an asset grab and have
stated this publicly.
6. It is very easy to hide gold and silver coins via burying them in locations known only to the owners. This is sometimes known as “Making
deposits in the Bank of Mother Earth.” Such hidden gold is very unlikely to ever be found by those not knowing their exact locations.
7. Because so few Americans actually own any gold, other than a few pieces of jewelry, a watch, or dental appliances, it would not be worth
the trouble of trying to steal… er, confiscate… them.
8. Even if this was tried, it would generate a lot of anger among the voters, stirring up a political hornet’s next of opposition for little to no gain.
I’m sure that there are other reasons as well why this would not work in today’s world and national financial situation but these will do for
openers. Feel free to add anything else that seems appropriate to this list of why this is a very low probability of occurrence. No doubt, a
decent case could be made for the US Gov to try to seize retirement fund money in 401Ks, IRAs, 459s, 403Bs, and other retirement plans
but that would generate a HUGE amount of anger and opposition to anyone even discussing this possibility.
Gold may not be seen as money now and the risk of confiscation at this time is very low, but that does not mean it couldn’t happen if things get really bad as they did in the 1930’s. Any government that is trying to exert control over the economy will not allow anything to compete with its controlled currency. If confidence is lost in a country’s currency, and the people start using gold, silver, crypto, and possibly other hard assets as exchange, then the government would likely come in a get rid of all of those competing financial systems outside of their control. Governments do not give up power. They take it. 😈
You Sir have to much trust in Government. The government dosent need to confiscate the just need to pass a law or President sign a paper. April 1 year 202X unlawful to own gold. What Joe American gonna do with ounces??? The take a loss until the law changes or sell sometime before April?? Maybe sell all, maybe sell some.
Don’t know how much gold you have or how long it took you to aquire that wealth……….. On April 202X if you can’t own or sell it whats the value? What action do you talk? Take a loss or control a loss?
Come on, Its all laws made by governments. I can own my houses properties free and clear, miss a couple tax payments (price someone assignes to ti. Nothing to do with REAL VALUE) ** I fight with the taxman every year. Do everything but punch him in the nose. loll** people are standing on the Courthouse Square bidding on it.
Government doesn’t need to get all the gold they just need to get the gold.They work the numbers. One things governments are good at is numbers.
So shocked at your position on this 🤣
Anything I own is floating down the deluge of rain and wind we are experiencing in our so called summer!
Hey, 2 is 1 Dude, he he he, wait a minute, wait a minute, now, now. I thought that ”GOLD” was nothing but a ”barbarous relic”, I thought that ”THEY” were only interested in manipulative and speculative digital tracking garbage such as ”CBDC”, ”BTC”, and all other crypto crap, he he he he. Well, lets just say that ”I AM NOT WORRIED.” After all, ”leprechaun” may come and take the ”GOLD” just right before any ”CONFISCATION”, he he he!!
You know if hyper inflation happens maybe we start using the copper dollar. Last I checked a 1oz copper round is $.25 in metal worth atm.