Monday, April 24, 2017

Gold & Silver Confiscation: Can the Government Seize Assets?


When a grab is made for people’s savings, governments don’t bother to confiscate instruments like stocks and bonds and savings accounts—those can be wiped out by simply devaluing the currency. But when times are really tough, governments have “requested” citizens turn over their gold—the one asset they’ve historically been unable to control, since it’s not someone else’s liability.

When a gold confiscation happens, there unfortunately aren’t a lot of viable solutions. If your government declares it illegal to own a meaningful amount of bullion, you’d have little choice but to comply. Either that or play the role of a fugitive—with the prospects of financial penalties, forcible confiscation of your metal, and even jail time waiting for you.

Many investors believe gold won’t be confiscated today because it’s not part of the monetary system like it was during the U.S. nationalization in 1933, under Roosevelt. While it’s true we’re not on a gold standard today, if the crisis gets bad enough any and all viable solutions could be on the table. Debt in all developed countries is unpayable, for example, especially when you add in unfunded liabilities… where could the government get funds to service it all? One source could definitely be gold.

The sober reality is, while lower than in the past, the risk of a gold confiscation is not zero. The world today can be an uncertain place, and what were once “local” issues can rapidly escalate and have global consequences. This does not mean, however, that we are suggesting a gold confiscation is imminent or even probable; simply that it could happen if one or a series of events having significant worldwide implications occurs. Without official gold-backing on most major currencies today, the specific motivation to “confiscate” gold that existed during many previous confiscations barely exists today. But as you’ll see, even that hasn’t stopped modern government’s without a gold standard from doing the same, ostensibly as a form of currency controls to slow down market-driven devaluation.

- Source, Gold Silver

Saturday, April 15, 2017

Debt Ceiling 2017: Government Shutdowns Coming?


Welcome to the 2017 Debt Ceiling Dog and Pony Show, brought to you by generations of inept government.


Wednesday, April 12, 2017

How Will Mining Shares Perform in the Next Crisis?


Does Mike Maloney own gold and silver mining stocks? In this video, he talks about how to approach investing in mining companies and if they perform better than owning physical metals.

- Source, Gold Silver

Sunday, April 9, 2017

Nomi Prins Tells Why the Financial System Worse Now Than 2008 Crises


Financial analyst, Author and fmr. Goldman Sachs Managing Director, Nomi Prins sits down with EIR's Paul Gallagher to discuss just how rotten the current financial system is, making a sobering case that we are far worse off today than we were before the 2007-08 crisis. Prins refers to her political and financial road map for 2017, (nomiprins.com) and discusses the important, combined role China and Japan can play in bringing the US back from the brink and into the new paradigm of investment in the real economy.

- Source, Gold Silver's Mike Maloney

Thursday, April 6, 2017

The Catastrophic Law That Mandates A Stock Market Crash


Mike Maloney shows you the disaster-in-waiting that is the ERISA Act. It’s a law that's forcing the oldest of the baby boomer generation to start selling stocks today. This is the beginning of a mass exodus from the stock market.

- Source, Mike Maloney

Monday, April 3, 2017

The Debt Ceiling on Trump's Watch


In this video, Mike Maloney explains why the debt ceiling is coming back and when. This is setting up an epic showdown with President Trump and Congress. Watch the Greg Hunter and David Stockman interview Mike references for more information.

- Source, Gold Silver