America’s Trade Debts Could Lead to a Likely Gold Confiscation
Federal agencies have indicated that the accumulated trade debts of the
Recently posted in the Federal Register on the internet were regulations listed under the caption of The Patriot Act . . . . At the end of 17 pages you will find legal definitions for “bullion coins” and “rare numismatic coins.” Strange how the definition of these forms of gold would show up under 17 pages of regulations pursuant to the Patriot Act having to do with identification of persons boarding and de-boarding aircraft and a multitude of other topics. Once you analyze the situation, it becomes obvious that these regulations were published in this manner, so as to keep the information from the general public and avoid suspicions of confiscation and the resulting objections.
WE BELIEVE THE REGULATIONS WERE PUBLISHED IN THE EXPECTATION OF A SECOND CONFISCATION OF AMERICAN PRIVATELY OWNED GOLD
The purpose of the confiscation is clearly to settle
There is really no other logical mechanism for them to accept payment. Today, silver is not a monetary asset and neither are any of the other metals such as platinum or palladium. Only gold can be used for settlement of debts between Central Banks.
“No,” you say! . . . . Such a conclusion is unjustified. If so, then we ask, how is it that 30,000 retail jewelry stores have been forced to become registered with the Treasury Department over the last two years, since January ‘06, as indicated at their website at www.jvclegal.org. The Jewelry Trade Association required their members to purchase a “Patriot Act Compliance Kit,” all of which relates to registration — a form of licensing, obviously connected to one of their main lines of business: gold jewelry.
Why is it also that bullion dealers and gold coin dealers who do $50,000 or more in business a year have also been required to become registered with the Treasury Department as indicated in their printout of
There is significant other evidence as well, including the recent confiscation of gold of an organization in
In addition, the U.S. Mint, the seller of extremely popular American Eagle series of coins has, as of October 15, at least, terminated all sales of American Eagle gold coins. By the time you read this, they may have changed their minds again, which, of course, can be reversed after a brief period. Their mint dealer network may or may not still have the American Eagle series coins in stock, but sooner or later, their stocks will run out and there will be no more gold available in this form.
It is our view that the definition of the antique numismatic coins, given in the Federal Register, indicate the one way to avoid the loss of all physical gold in your hands. The interpretation of the wording of the regulations can be taken differently by different people. Our interpretation is that coins that have rarity value at least equal to the bullion value at the time of purchase would logically be deemed legal under these rules. Since it is not likely that any further explanation of these regulations will be published, this is all we have to go on. Of course — they are not going to announce the confiscation date ahead of time.
We are frequently asked what our opinion is of the timing, and that is obviously difficult to say, but it would not be amazing to see the confiscation gold within the next twelve months of the extremely unpopular Presidency of George W. Bush. That means there’s only twelve months to go, if we believe that this evil act will be consummated during his term.
Swiss Financial Services, Inc.
http://www.gcnlive.com/AGLDoffer.htm
Thank you for the "heads up" post. When the time comes, gold will be deemed illegal and will not be accepted in any form of trade. Those investing in gold for their security are merely wasting their money now.
Hugs,
Luella
You and I think a lot alike Zoe about the practical "how" of preparing for times to come. Here's a little story.
One of my homeschool buddies is the Diva of Resourcefulness. She sees treasures in everyone else's trash. She wanted a garden but had no money for plants. So what she did was save the seeds from vegetables and fruits that she bought from the grocery store. She figured if she was buying it at the store, it was something her family would eat next year out of her garden. So she just cut the seeds out and dried them instead of throwing them into the garbage. Voila! Seeds for next year. She's got a gorgeous tangerine tree in her front yard that's about 5 years old now and produces the sweetest organic tangerines I've ever had. A neighbor was removing some old landscape timbers from his yard when he was relandscaping. She asked if she could have them and she used them for her raised beds. They didn't have money for a pool but wanted one so she and the kids measured one out with string and just started digging. She used the dirt for her garden beds and filled up a bunch of pots for "later." She used black trash bags to line the hole where the pool would be, kept dreaming, and after a couple of years, had a beauty of a pool with hand decorated mosaic tiles she and her kids had designed with marbles from the dollar store and quick set cement. Her back yard looks like it is straight out of Southern California. MAYBE she spent $100...
Just start thinking ahead and look for opportunities.
Donna
Unless I am misunderstanding, this isn't some article, but stated in the Patriot Act.
"Strange how the definition of these forms of gold would show up under 17 pages of regulations pursuant to the Patriot Act having to do with identification of persons boarding and de-boarding aircraft and a multitude of other topics. Once you analyze the situation, it becomes obvious that these regulations were published in this manner, so as to keep the information from the general public and avoid suspicions of confiscation and the resulting objections. "