Billionaire Warns That GOLD WILL BE CONFISCATED!

According to billionaire resource investor Carlo Civelli there is likely no way out for central banks which have spent the last several years printing money hand over fist. 

Over his decades’ long career Civelli has either managed or financed over 20 companies, many of which now have market capitalizations in the billions of dollars, so he knows a thing or two about investing during boom times, as well as busts.” states Mac Slavo.

“In his most recent interview with Future Money Trends he warns of  an endgame scenario that is nothing short of a total collapse. And here’s the scary part: Civelli says that even gold may not be a safe haven should the worst case scenario play out:

 

If we all talk about the end game and a scenario of total collapse, I can see the governments telling everybody that your money is now worthless and the bonds you own are now worthless. You all have to take a haircut.

But would they let the people that own gold get away with it? I don’t think so.

We all know the central banks are printing money hand over fist. Hundreds of billions, or maybe trillions are flooding the markets. The ECB, the European bank, is going to do the same here in a week or so.

…obviously the way out of this quantitative easing is very difficult – nobody’s ever done it, and the verdict is still out whether the quantitative easing actually did something good or not. At least it prevented the world from collapsing right now, but what if interest rates really one day have to go back up again to normal levels, and all of these trillions of monies washing around now has to be taken off the market?

Nobody knows what’s going to happen then… But would they let the people that own gold get away with it? I don’t think so.

So the government at that point will say “Okay, guys, whoever owns gold has to give it back to the central bank within a certain period of time, and we’ll pay you whatever the gold price is at that time, less a big haircut.” 

Don’t forget that until 20-30 years ago, gold was selling at $35 and was fixed at that price, and so whoever owns gold, in my opinion, at that point will not be spared.

The notion that governments in the United States or Europe would confiscate gold like they did during the Great Depression is chilling indeed. But it is certainly a plausible outcome given our history and how far they’ve already gone.”

While gold is still hoarded by governments (most notably China and Russia), it is only tenuously tied to our currency system as the “foundation” of sovereign reserves. Should, however, the gold price go higher, and other foreign currencies peg their currency to gold in order to position themselves as an alternative to the troubled US dollar reserve currency, a grab for gold may be on the horizon.

 

So what does a gold owner need to do? First, do not purchase gold in the US. All sales from the US Mint are recorded by name and gold dealers have to run your name through a “terrorist” list before you buy, so again, there is a record. 

Karatbars International is a German company that sells gold in currency-size denominations, grams, to be used specifically in an economic collapse. 

They are already setting up K-Exchange centers all over the world in 123 countries, which are simply stores that sign on to accept Karatbars gold cards as payment for goods and services. 

The company specifically made their gram bars weigh in at 1.01 grams, to avoid a future VAT tax on 1 gram bars. They do not report your purchase nor your name to any country. You do not need to provide them with a Social Security Number. 

Karatbars International offers free storage in Germany with their most secure storage facility – Prosegur. Economically, Germany is the strongest nation in the European Union and has very strict business laws. 

Economist and PhD, Jim Willie says that “Germany will…………………………….

 

Read the rest of the story at GramsGold.com