Is Gold Confiscation Coming Back to America?

In the midst of economic troubles in 1933, President Franklin Roosevelt issued an executive order to confiscate all gold from American citizens. At the same time, laws were passed making it illegal for American citizens to own gold.

According to a top-level financial insider at a multi-national bank, economic problems are coming but the government is not likely to confiscate gold again. The following provides his comments on this topic.

TRANSCRIPT:

They might try to confiscate your precious metals but the problem is this. Confiscating metals logistically is extremely difficult. In the past, in 1933 when FDR wanted everybody’s gold things were a little easier. You had a populace that had the mentality that we are all in this together. Patriotically, many of them gave up their gold. The smart people took their gold and buried it or hid it.

To do that today would be possible but not easy. It is a logistical nightmare. You have way too many people that have way too much gold and silver. It is a logistical nightmare to go after all of it. Besides, the bankers and the Federal Reserve have already made it clear they have bigger fish to fry. They are more worried about your firearms right now. [Read more...]