The Gubmint owns your gold

Discussion in 'General Precious Metals Discussion' started by Yippe-Ki-Ya, Oct 8, 2012.

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  1. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    We all know about the existing law which states that the Governor General can enact a law which prohibits private citizens from possessing gold - and they would have to hand it all in (like in 1933 in the US) in return for fiat.
    As if that does not already tell you that they already regard your bullion as effectively theirs, there is another little jewel burried there...

    Did you know that you are not permitted to travel overseas with your own gold, without first getting permission from the Reserve Bank of Australia?

    Enjoy your bullion while you still have it, because our repressive regime may act on its self allocated God given right of demanding you hand over your gold ... cos its actually theirs!
     
    Yippe-Ki-Ya, Oct 8, 2012
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  2. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Believe you, but can you put a link in please?
     
    bordsilver, Oct 8, 2012
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  3. Mud Gecko

    Mud Gecko Active Member Silver Stacker

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    Just like they've done with drugs and guns?? Prohibition leads to blackmarket.
     
    Mud Gecko, Oct 8, 2012
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  4. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Yippe-Ki-Ya, Oct 8, 2012
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  5. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    It also leads to good decent citizens being labelled as outlaws and criminals...
     
    Yippe-Ki-Ya, Oct 8, 2012
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  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    .
     
    mmm....shiney!, Oct 8, 2012
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  7. Old Codger

    Old Codger Active Member Silver Stacker

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    They can do that with ANYTHING you own.

    Section 51(xxxi) Constitution of Australia.
     
    Old Codger, Oct 8, 2012
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  8. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Unfortunately, as Peter Spencer found out, for the purposes of section 51(xxxi), property must have been acquired. Hence, the Commonwealth can restrict your use of and access to your property without compensation.
     
    bordsilver, Oct 8, 2012
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  9. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    .
     
    Yippe-Ki-Ya, Oct 8, 2012
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  10. Old Codger

    Old Codger Active Member Silver Stacker

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    But they CANNOT take your GOLD without compensation on "Just terms" (for any purpose)

    I doubt the High Court would be game to defy that, this question has been before them many times.
     
    Old Codger, Oct 8, 2012
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  11. Slam

    Slam Well-Known Member Silver Stacker

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    What if you make jewelery and wear it?

    Slam
     
    Slam, Oct 8, 2012
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  12. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    We will go back onto a gold standard - of that i am certain.

    So the gubmints of the unfree world will then collude together (as they presently do) and confiscate gold en masse before revaluing gold to account for all the worthless fiat hitherto pulled outa their arses.
    So gold could go from $2000 or $3000 an ounce - before confiscation - to something like $50 000 an ounce after confiscation - and we\'ll be back on a gold standard - but citizens who were wise enough to store their wealth in gold will have been ROBBED of their right to preserve said wealth by the thieving gubmint.
     
    Yippe-Ki-Ya, Oct 8, 2012
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  13. renovator

    renovator Well-Known Member

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    We will then call you Mario Spagnolli :p:
     
    renovator, Oct 8, 2012
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  14. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Not the Kingswood!

    I just shampood the mudflaps! :lol:
     
    Eureka Moments, Oct 8, 2012
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  15. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    And by what process does the "suspended" section become "unsuspended"?
     
    lucky luke, Oct 8, 2012
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  16. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Nearly guaranteed.
     
    bordsilver, Oct 8, 2012
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  17. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Someone like Glen or Ken tells the ruling party of the day that it absolutely must be done to prevent a massive banking collapse with untold consequences and they all take a vote without an election or other consultation.
     
    bordsilver, Oct 8, 2012
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  18. Mud Gecko

    Mud Gecko Active Member Silver Stacker

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    I'd have thought we would have all been in boating accidents by then ;)
     
    Mud Gecko, Oct 8, 2012
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  19. Old Codger

    Old Codger Active Member Silver Stacker

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    I have no link, but was reading some time ago that the 1933 confiscation involved NIL actual knocking on doors or at Safe Custody vaults.

    ....and that an estimated 30% ignored the order.

    My bet is they will enforce the Australian miners to sell ALL of their Gold to the RBA first. That will generate about 240 tons a year.

    And all those 1%ers in Canberra, and their friends, would not like it.
     
    Old Codger, Oct 8, 2012
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  20. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Would it not be easier to nationalise our resources than confiscate individual's holdings?

    Dont know that the amount us stackers are holding would be worth the effort. India would do ok out of such a move maybe?
     
    Eureka Moments, Oct 8, 2012
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