RE: Feds Snatch $80 Million in Rare Gold Coins from a Family Inheritance
What this ruling does is puts the gold community on notice. Don't tell them what you've got, don't let them find out what you've got.
Also, to those of you who follow Bix Weir: he suggests getting your silver in American Silver Eagles and Constitutional silver (coins from 1964 and before) because their metal purity will be more readily believed. It will be more readily believed because to make a fake silver round is only fraud while making a fake piece of U.S. coinage is counterfeiting which has much more severe penalties.
But now we see "the other side of the coin" in that argument. If you show up in Spain after the financial crash, slap an eagle on the till and expect 20,000 euros minus some fees. The teller come back with the manager and says "unfortunately with the ratification of a recent treaty with the U.S. we are required to enforce the confiscation of U.S. silver from U.S. citizens. If you can prove you bought it hear, you can file a claim with the department of state to get the coin back."
I see what you are saying natxlaw but I'm not sure it works like that unless it is specified in a treaty/agreement with an other country. I own a 1924 double eagle , once thought as being rare because of the confiscation until more recent times where a large quantity of them was found in European vaults and is now considered one of the most common. Clearly many were kept in Europe with no issues during the confiscation.
Such wise advice and a tragedy is befalling even the precious metal market due to this action and the continued actions of the system, i agree with you completely. If you really look at it, they are inch by inch taking more and more financial freedom from everyone, no matter what you hold value they are staking claims on it with laws and bullying. Its a sad situation that we are seeing, hopefully we take our power back but its seems we have a huge uphill battle ahead of us. I just followed you because I am not well versed myself on the precious metal market but you seem highly knowledgeable in this area, going to check out your stuff. Thank you for this comment