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Most Americans don't trust their government, and
rightfully so, unless you think everything they say is true. Those who
protect themselves with gold and silver, are highly suspicious of
government "money," and want to get out of it. This is sensible, and if
government's "money" were any good, I wouldn't be in business, because
my services would be unnecessary. If government "money" were any good,
it would be made of gold and silver, and paper currency backed by it.
My doing what I do, would be similar to selling ice boxes in the
Arctic, if government "money" were any good. Being a bit paranoid as we
all are, daily I answer the question about "suppose government takes my
gold and silver?" Allow me to answer it…again.
Admittedly gold and silver are the arch-enemy of
paper money. They are poles apart. Gold and silver require effort,
capital, exploration, machinery and processes beyond most people's
wildest imaginings. Paper money requires cutting a few trees, making
them into sophisticated paper, and then pushing the "on" button of a
printing press. Most paper money requires far less than that, as it is
written in millions of checks, wires, and other forms of transfers.
Government dislikes gold and silver, because when they "go up" in
dollars, it makes their paper money scam look pitiful, which it is.
Some then figure that if government feels threatened by gold and
silver, they will take it away from us. This is a logical fear, but is
based on a myth. The myth is that government has confiscated gold once
before, and therefore they might do it again.
Supposedly, FDR, America's worst president,
confiscated citizens' gold in 1933. He didn't. What he did do, was
order everyone to turn in their gold coins and take brand new $20 bills
for their double eagles, $10 bills for their eagles, etc. It was
supposed to be some sort of "national emergency," which no one ever
explained. FDR's order, threatened the populace with fines and jail, if
they didn't comply. Many foolish people did trade their gold for paper
money, which was then backed by gold. Smart ones didn't. If everyone
did, where would the coin shops get the pre-1933 US gold they have to
sell today? No one was ever arrested, and no one was ever fined. It was
a government order which some obeyed, and some didn't. How could
government seize everyone's gold, when everyone had it? 200 million
seizures? Hardly! Then again, back in 1980, when gold and silver made
the paper dollar look extremely feeble and ridiculous, government never
threatened to take it from the citizens. With gold at $850, and silver
at $50, the dollar looked really bad, but there were no threats of
confiscation. Let me remind you of a document, by which we are
supposedly ruled.
"The right of the people to be secure in their
persons, houses, papers, and effects, against unreasonable searches and
seizures, shall not be violated, and no Warrants shall issue, but upon
probably cause, supported by Oath or affirmation, and particularly
describing the place to be searched, and the persons or things to be
seized." - Fourth Amendment to the Constitution of the United States of
America.
If the government were so upset about citizens
owning gold and silver, why wouldn't they stop selling it? Why wouldn't
they shut down the mint at West Point New York, where they make those
American Silver and Gold Eagles? I myself sell many hundreds of
thousands of ounces of gold and silver eagles each year, and I am small
potatoes compared to large firms, I am sure. Might that be a hint they
were becoming upset about all those nasty people protecting themselves
with gold and silver? If they were up tight about gold and silver,
wouldn't they seize American mines, and prohibit imports of gold and
silver? I don't like crime, but know of no way to stop it, other than
by being armed. The government may consider gold and silver a threat,
but even if they stopped producing and selling their Eagles, and
prohibited imports, that wouldn't begin to stop it. It would simply go
underground like drugs, and prices would go ever higher. There's
nothing like a black market to make huge profits, and government well
knows it. Prohibition of alcohol, made everyone want it, and the same
thing would happen if gold and silver ownership were prohibited. They
know it would be a lost cause to attempt to seize or prohibit it, so
they won't.
Gold and silver harm no one, as do guns and
drugs. Gold and silver protect, and give pride of ownership. Will they
try to take our guns? I think so, eventually. Will they be successful?
Of course not, because the answer when the eventual door knock happens,
will be, "oh I sold that gun years ago at a yard sale," or "it was
stolen by someone, and the crime was never solved." Guns and gold are
necessary, but are not related. Both protect, but gold can't shoot. The
would be gun abolitionists, can point out that those nasty guns are
used to kill and rob, forgetting all about protecting ones self, and
making crime go down when citizens are armed. No one can say that gold
is any threat to anyone except paper money.
OK Chicken Littles, let's suppose that the
government stopped making and selling gold and silver Eagles, seized
the mines, and attempted to stop imports… a chance about as remote as
the sky falling. Does anyone in their right mind, really believe that a
success could be made of trying to find every person who might have a
few Krugerrands, or a hundred ounces of silver? Would any court allow
such? Would the Supremes vote for such a violation of rights? Hardly,
and if it did happen, forget America, because it's gone. Paranoia
eventually gets too much!
There are many other ways to hedge against the
paper dollar's fall. Antique autos, furniture, original art work, rare
stamps, and old electric trains come to mind, and E-Bay is full of
them. These do not have serial numbers and buying them does not require
notifying the federal government of doing so. What does require
notification? Stocks, bonds, guns, and real estate, for a couple.
People who buy stocks, guns, and real estate, need to give their Social
Security number, etc. Gold and silver have no identifying marks to
distinguish one from another. They have no serial numbers or deeds
showing ownership. They are merely coins that one buys, just like a new
sofa, or set of tires for your car. No big deal. Do you paranoids
believe that government will steal your antique china or sofa? Do you
believe that government has designs on your Model A Ford? These also
make the dollar look stupid, which it is. Just about everything for
sale anywhere, makes the dollar look absurd, if you stop and think
about it.
The feds are so busy lying about Iraq, 9/11, Pan
Am flight 800, inflation, and a million other things which bother them,
and which make the whole establishment look silly, believe me, they
could care less about your few ounces of gold. To conduct a search of
everyone who may have bought some gold or silver, is so silly, as to be
ridiculous, even if they could get the courts to approve of such a
move. The costs would be astronomical, and the whole thing would be
futile. If you think government is so powerful, and has the ability to
stop what they may not like, how about the "war on drugs?" How about
the world's oldest profession, prostitution? How about guns, if the
truth be known? To even imagine that the government will force anyone
to divulge who has bought a few ounces of gold, and then to attempt to
seize it, is preposterous.
As far as taxes are concerned, if you sell
something at a profit, be it a Model T Ford, king size bed, or 1835
stamp, and it is a profit, will you pay capital gains taxes or income
taxes on the sale? I guess that's up to you. If you sell anything at a
profit, technically you owe a tax on it, I suppose. One shouldn't drive
over the speed limit either. Do you? Protect yourself.
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