More Bad News For Gold Bugs
I have publicly taken a strong position against gold and silver as being “investments” for specific reasons already covered on this blog several times. Here’s yet another reason — those of you that don’t believe it will be confiscated need to pay close attention.
I can’t imagine how the “investors” must feel. Ripped off, angry and pissed off beyond measure.
There should be NO DOUBT about what our slave masters intend for us. I am daily running across articles that demonstrate this fact.
There are several very serious ramifications to this raid which do not bode well for anybody.
a) Gold and silver are not the “protected” investments everyone thought they were.
b) Gold and silver are worth what they say it’s worth.
c) Non-physical assets such as silver certificates and gold certificates are worthless if the bullion backing them has disappeared or is never delivered.
d) The ability to convert gold and silver into tangible assets you can actually use can be easily controlled by raids / rules / laws that prevent their exchange.
e) The “law” is also what they say it is. It makes no difference whatsoever if this is “illegal” or not, they’re doing it and they’re likely get away with it too.
f) Investors may discover that they have no protection of any sort, potentially losing everything they’ve invested in.
The outcome of this latest tyranny will undoubtedly play out in the days ahead, but I reiterate my firmly held position – gold and silver are not the protection everyone thinks they are, nor are they even as worthy an investment as other tangible and usable assets.
This is wrong on so many counts I can’t even spit straight.
Recall that I recently argued that they would control the “choke points”? Chalk one up — they just did.
19 thoughts on “More Bad News For Gold Bugs”
Alcohol will probably be the most valuable commodity in the early stages of the collapse. There are plenty of people who will gladly drink themselves to death rather than do what they need to survive, but what will they have that’s useful to trade? Physical labor is what. The tables are about to be turned on the people who refuse to do physical labor. I’m 37 years old and still do physical labor almost every day, (concrete business), and the people who I work for sometimes look down on me for performing physical labor, as if it is beneath them.
The whole hierarchical system exists only because there are people who refuse to do physical labor, and convince other people that they are so important that they don’t need to. Civilization is based on moving matter, after all, and the ones who move more, and move it more efficiently are generally considered the more advanced.
I say collapse of this system is the best thing that can happen, and I gladly embrace it. I have some tweaking to do still as far as my own lifestyle goes, but feel like I am basically prepared and adaptable. Collapse presents many opportunities to those who are prepared.
I’ve been lurking for a while and just wanted to give my two cents, enjoy your blog. Peace.
I buy my PMs privately, and sure as hell don’t keep them around the house… There are a couple of things that won’t fit in a bug out bag if I am forcibly displaced from my mortgage free farmstead – two hundred pounds of silver coinage or a six months supply of canned and freeze dried food. But if displacement doesn’t occur, PMs to pay the county taxes on the place is good, and a full root cellar helps me sleep at night. So I’m not really a gold bug per se – nor do I think that stocking up will guarantee security in the hereafter.
I looked into the whole liberty dollar thing and had a bad feeling about it. Didn’t seem above board in some way. Glad I heeded the inner voice on that one.
someone took down the web site libertydollar.org
is the link from the local Evansville paper, as far as I can tell.
It’s a currency, it’s money, $20 dollars on the face of the coin with a $, paper money that looks like a currency …
This is pure stupidity, begging for trouble, a FBI magnet. Anyone stupid enough to make or buy these deserves the financial Darwin award they just won. Dress up like a gangsta, put something heavy in your pocket, and go skulk around a nice neighborhood at nite, see what happens. Same deal. Plus the liberty babe is ugly. Morons. Somehow I’m reminded of that woos who threw a tantrum at the Kerry speech – he was purposefully looking for trouble. Yeah the police overreacted, but the way he handled himself discredits anyone who complains about the police, muddying the waters (intentionally?). I wouldn’t be surprised if both he and these liberty morons are all government plants. How’s that for a conspiracy theory. Haha. What a joke.
You guys are so frickin serious. All this doom sh*t is all in your mind. Pinch yourself an wake up. Your living a waking nightmare of our own making.
Yo admin, all of your points above are exaggerated. What liberty.org is doing is very different from owning simple silver and gold bullion. The Feds always confiscate everything in a raid because it is evidence. We’ll have to see if they keep it, give it back, or what. They’ll probably find some way to keep it. Just like the RICO laws, nothing new here. Move along, hehe.
Look, if at some point the gubmint wants your gold, I am sure they will just give you the going price – a wheelbarrel-ful of dollars. Get your buts in shape and run that sucker down and buy some land or food with it. If they plain out confiscate gold, the country is so fucked anyway, it will be in economic meltdown, because there are many things much more important in the modern world to confiscate than gold.
Does anyone think about how to die honorably? What won’t you do to survive? I think this is something to plan ahead for and develop the discipline necessary to carry it out when the time comes. If you wait until the bad times arrive to become a principled person, it may be too late, you’ll be too weak. There have to be things more important than survival, or we are all just animals.
Jason, so you’re going to survive and thrive in the crash by feeding people’s addictions? This is pretty depressing, I hope most people don’t behave as you, or we are all doomed. Why don’t you learn to grow food efficiently and teach others how to do it? Comments like yours are going to turn me into a doomer. I hope you aren’t dreaming that a crash will bring some justice for manual laborers. Read some history.
If this raid really even happened, it could be the beginning of the Ron Paul smear campaign.
But even so, I realize that the idea that gold and silver have a high value is a very widespread one — a global idea, not confined or beholden to to the US. I was thinking that gold and silver are at least better than dollars in that if (when) the dollar crashes in value, they could be taken to some other country where they could be exchanged for the local currency at full value.
And gold is very dense in value — a handful of coins is an enough to live off of for a year or more, at least until food prices skyrocket. 😛
Of course, I always worried that it’d be uber-suspicious to be caught at the airport or border with a bag of gold coins. Even though it’s perfectly legal, they’d probably be stolen by the DHS thugs. It’s depressing. 🙁
But I don’t know what else to do. I sure as hell don’t want to hold onto dollars, but I don’t have any place to stash a big food supply. If I understand http://survivalacres.com/information/suggested_storage.html correctly, it’s something like 640 lbs per year. :-/
Are these yellow rocks worth the price?
I learned that the Couer De Alene location was also raided, taking stamping dies and other records.
The article said that it was a “nation wide raid” conducted by the FBI, so it was a highly coordinated affair.
Laugh my ass off if ol’ Bernard von NotHaus pulled a fast one. Buy more ammo if he didn’t…
More info here:
These sites verify story
It’s pretty apparent that the 2008 (s)election is already decided. Marginalizing Ron Paul was a foregone conclusion. Can’t have the natives getting restless.
The US Secret Service (which has jurisdiction in matters involving “counterfeiting” and currency), and/or the US Treasury Department (connection should be obvious) were not involved? WTF?
Besides, if I want to manufacture and sell monopoly money, and use it in private business transactions, how is that any more illegal than buying and selling virtual game assets, casino chips, arcade tokens, airline miles, or actual fake money?