Marc Faber: GOLD Will be CONFISCATED When THIS Happens

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Even if they taxed everyone over 75% of their income, imposed egregious taxes on practicallyeverything, it still won’t be enough. 

Bank accounts, IRAs and pensions are being eyed as the next confiscation scheme. Even that won’t be enough. Why not? Let’s look at history.

 

In 1933, during the height of the Great Depression, Roosevelt decided to raise money for the government by enacting the Emergency Banking Act (bill H.R. 1491). That allowed him to regulate all banks, all financial transactions and to force those who held gold bullion and Gold Certificates to turn them over to the Treasurer of the United States. What the bill did was: 
 

1. Forced everyone in the nation to hand their gold over to the bank for only $20.67 per troy ounce.
2. Made it a criminal offense for any individual who was found in violation of this order: $10,000 fines, 10 years in prison, or both.

Once the gold was effectively confiscated from the people and was illegal to own, the government raised the value of gold to $35 per troy ounce.

What this did was lower the value of the dollar instantly by 40%. This made it even harder for the people to survive in what was already a Depression. The scary thing is that Bill is still on the books. The Emergency Banking Relief Act of 1933 was never repealed.
 

Economist and gold expert, Mark Faber says,  ”I think the US government, when gold really starts to move, will take it away. They will pay something. 

Say, like in 1933, they paid $20 per ounce of gold that people held, and after they have collected most of the gold – of course not the gold that was held by government officials, or to precisely say “by corrupt government officials,” because they’re all corrupt – they revalued the gold to $35. So the investor lost out. 

 

They’ll pay, say, at today’s price, $1220 an ounce, and then they’ll” ……………………

 

.Read the rest of the story at GramsGold.com

Gold must be stored out of the country in a secure place. 

That’s why I’m with a company that not only does not report your sale to the US, or to any country for that matter, it also stores your gold overeseas in Germany, for free. 

Or if you feel more comfortable having it in your possession, they will ship it to your home by Fedex. The important thing is, that the US has no record of your ownership, so if a confiscation occurs, you are under no obligation to turn it in, and no government knows you own it. Now that makes perfect sense.

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