Hey, Just wondering what you guys think? Will they one day make it illegal to trade in physical gold and silver? I've read a few things on the net about the US government planning to do just that, to scare people away from holding physical i guess? and stay with the US dollar as they would have not much other alternative. Cheers Jimmy
yes, but dont worry you would of been publicly executed before being able to 'cash in' on your stack... only the government and powers that be know what they are going to be doing, all else is speculation/assumptions/guesses
yes US governemt did in past, but that was not technically 'trade', but mere ownership... yes that is even worse but who is keeping score nowadays anyway
They could try. However, I doubt they would get far. Imagine them bringing in a Bretton Woods system and saying we want your numismatic coins at face value. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement. The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar and the ability of the IMF to bridge temporary imbalances of payments. What makes Silver an even more attractive commodity than Gold is its scarcity thats used for many manufacturing processes. Both are easily tradeable on a secondary market. Even if they were to impose laws and restrictions there would be plenty of people that would hoard it rather than complying with anti-democratic laws. We are not the ones who have created this mess. Cheers markcoinoz
I'm getting images of ss memebers slinking around alleys and bars whispering to peole " I got bars.....silver....gold......you want some? It's good stuff"
They would have to outlaw bartering as a form of trade. If SHTF bartering would become popular and I would imagine PMs would become a medium of exchange superior to the AUD.
The USA's "nationalisation" of gold in 1933 was directly related to a desire to inflate the US dollar, which at the time was backed by gold. Bit hard to revalue the dollar with $5, $10 and $20 gold pieces in the public's hands with purchasing power matching the face denomination. With both the USD and AUD being fiat currencies, there is little incentive for governments to take gold off the people, unless there was a "free gold" revaluation that actually made the value of above-ground gold relative to national debts etc. Far simpler to nationalise gold mines and keep production, or introduce a super profits tax on the gold mining sector. Right now neither government is buying gold.
On a similar note, confiscation covered faily well here: http://goldchat.blogspot.com.au/2008/11/australian-gold-confiscation.html
