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Gold confiscation.... perhaps no need this time around

Discussion in 'Financial Cents' started by Equilibrium, Feb 18, 2011.

  1. Equilibrium

    Equilibrium Monkey++

    Thought this might be of interest-
    YouTube - Gold confiscation
    The replies beneath the YouTube are quite interesting.
  2. TnAndy

    TnAndy Senior Member Founding Member

    "they will raise the price of gold to 100,000 per ounce".

    Hey.....as long as OTHER prices remain somewhat near what they are now ( even double would be fine ), at 100k/oz I'd be glad to part with mine along the way....heck, it's savings, and that is what I bought it for.

    Personally, I think he's full of baloney. What I look for them to do is confiscate by raising the existing 28% tax on it to 90-95%......"for the children", of course.......and what you'll have to do is go to the black market that will spring up.
  3. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    Yup. Face to face future is what will support the wise
  4. BAT1

    BAT1 Cowboys know no fear

    The first things a exiled dictator does is take the gold out of the country. we saw that in Tunisia, and now Egypt. Libya just did it, he's fled the country. More to follow and we know why now.
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