gold confiscation

Related Reading: Martin Armstrong Says Old Gold Coins Better Than Bullion Against Confiscation

This evening I published a post entitled “Martin Armstrong: Old Gold Coins Better Than Bullion Against Confiscation” over on my other blog, Offshore Safe Deposit Boxes.

Head on over to that site here if you’re interested in hearing what the economist has to say.

Christopher E. Hill
Editor

Share

Tags: , , , , , , ,

From My Other Blog: Jim Rogers, Martin Armstrong, And Jeff Thomas

The last couple of days I’ve published a few posts on a different blog of mine- Offshore Safe Deposit Boxes– which might interest Survival And Prosperity readers. They include:

“Jim Rogers: ‘All Investors, Wherever They Are, Should Have Some Assets Outside Of Their Own Country’”

In that same Sovereign Society interview of investor Jim Rogers I blogged about Wednesday, the former investing partner of George Soros emphasized the importance of geographical diversification with one’s assets

“Martin Armstrong Predicts U.S. Government Will Confiscate Gold If Traveling With It Domestically, Overseas”

Economist Martin Armstrong predicts that while an “official” gold confiscation program might not be announced/implemented, the federal government will slap restrictions on traveling at home/abroad with gold and may go so far as to make precious metals transactions in the U.S. illegal, opening the door to confiscation

“Related Reading: ‘Are Governments Running Out Of Candy?’ By Jeff Thomas”

Jeff Thomas, feature writer for Casey Research’s International Man and the Cayman Islands private vault Strategic Wealth Preservation, discussed how government “freebies” are drying up, the historical pattern of economic collapse when politicians are unable to raise more taxes/ borrow more money, and the three groups of victims in the general public from the crash – including the “Preparers”

Enjoy…

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , , , , , , , , , , ,

Must-Read Marc Faber Interview

Regular readers of Survival And Prosperity know on Sundays I try and blog about the latest investment activities/recommendations of the “crash prophets”- Marc Faber, Jeremy Grantham, Jim Rogers, and Peter Schiff. This week, three of the “prophets” are sounding off. First up is Marc Faber. An interview of the Swiss-born investment advisor/money manager was published Friday on the website of MarcoPolis, a Paris-based international online publishing company. Johnnes Maierhofer and Peter Matay conducted one of the most comprehensive interviews of Dr. Faber I’ve ever come across, writing on MarcoPolis.net:

In this exclusive interview with Marcopolis.net Marc Faber covers it all: from commodities and China to the outlook on inflation, the Euro and gold. According to him the global economy is not healing. To the contrary, we might find ourselves back into recession within six months or a year. In that case he expects more money printing by central banks, which eventually could lead to high inflation rates and renewed strength in commodity prices.

On the bright side, he sees great economic potential in Vietnam. Also, the Iraqi stock market has good potential now that a deal with Iran has been reached. While mining stocks are extremely depressed we might see defaults before any meaningful recovery…

Followers of Faber know he’s been a gold bull for years now. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report said this about the precious metal (and other investments of his) during the exchange:

I own gold and it doesn’t worry me that it went down because as I mentioned to you I have this diversification, the bonds in US dollars and the cash in US dollars has been a good investment essentially over the last twelve months. Then I own equities and I own properties in Asia that have been reasonably good investments so the fact that gold is going down doesn’t worry me and I buy every month a little bit but I think on this weakness I will increase the position substantially because I had maybe say 25% in gold but because equities and properties went up, the dollar went up and gold went down, the allocation to gold is no longer 25% but maybe only 10 or 15%.

So then I have to stock it up again. But I would say an individual should definitely own some physical gold…

“Doctor Doom” believes gold confiscation is a possibility, and added later in the discussion:

I think they will take the gold away and go back to some gold standard by revaluing the gold say from now 1000 dollars an oz. to say 10,000 dollars an oz…

A “must-read” interview for Faber followers, which you can access in its entirety on MarcoPolis.net here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Share

Tags: , , , , , , , , , , , , , , , , , ,

Marc Faber Warns Of Massive Deflation In Asset Prices, Shares Buy Recommendations

Monday, Swiss-born investment advisor/money manager Marc Faber was on the phone with Trish Regan of the FOX Business Network show The Intelligence Report. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report warned viewers that:

Everything is in a bubble.

Dr. Faber subsequently predicted massive deflation in asset prices was coming. When Regan asked him what he would recommend people buy, the man famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash offered up:

I tell you it will be very difficult to hide, because even bank deposits may not be safe. But, relatively inexpensive are gold mining shares, silver mining shares, and physical gold and silver. But you have to hold it physically and preferably outside the U.S.

(Editor’s note: Bold added for emphasis)

Regan asked Faber why outside the United States. He replied:

Because in the U.S., and even in Europe and Switzerland, there is a threat that one day when things really will go bad, central bankers will blame the gold holders for the disaster, and they will say, “We’ll have to take the gold away,” and so forth. This is less likely to happen in Asia.

(Editor’s note: Bold added for emphasis)


“Marc Faber warns of ‘colossal systemic risk’ in markets”
FOX Business Network Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Share

Tags: , , , , , , , , , , , ,

Marc Faber Warns ‘Have At Least Some Money In Precious Metals’ And Store It Overseas

Swiss-born investment advisor/money manager Marc Faber was just interviewed by Simon Black over at Sovereign Man, a provider of global financial intelligence and solutions. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked about the need of investors to be in precious metals, and where to store it. In the exchange that was uploaded to the Sovereign Man website on May 8, Dr. Faber told listeners:

The only currencies that I regard as significantly undervalued at the present time are the precious metals- silver, gold, platinum, palladium. And I would advise any investor to have at least some money in precious metals. The problem is, as a very informed reader of mine said, if precious metals really one day work out- in other words, gold goes to $10,000 an ounce- you can be sure that the government will take it away from you. That is a threat.

As you know in the world- since you are running an organization Sovereign Man- there is a move to curtail freedom, and there is a move to abolish paper money… If I were your listeners and I held gold, if paper money is abandoned or banished, about the last thing you want to hold is gold because it will be taken away as well. So you better close down your accounts at Citi, in my view. Put your money somewhere, anywhere in the world, except in U.S. banks.

Back in February, Faber warned in a King World News interview:

The central banks and the governments will try to take the gold away from ordinary people, you understand? I think they know that this would be one solution for the global financial system to peg it again to some extent on gold. But before they do that, I think they’ll go after you and me and say, “Okay, parasites of society that do not spend but keep their money in gold that is unproductive- let us take it away.” That is the threat. I’m not worried about the price of gold. What do I care if the gold price is at $1,000 or $500 or $1,500 or $5,000? What I care is that I can keep ownership of gold.

You can listen to that Sovereign Man interview in its entirety on their website here (precious metals discussion starts at 13:59).

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Share

Tags: , , , , , , , , , , , , , , , , , ,

Marc Faber: Central Banks, Governments Will Try To Confiscate Privately-Held Gold

Last week I was listening to a King World News interview of Swiss-born investment advisor/money manager Marc Faber. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report warned listeners that he believes privately-held gold is in danger of being confiscated by central banks and governments. From an exchange between Eric King and Dr. Faber in that interview which appeared on the website on February 10, 2015:

KING: Marc, we were talking about the money printing earlier. Obviously, we had the revaluation of the Swiss franc overnight that led to so much chaos. But what I wanted to ask you today is, you’ve already said I think gold is going to have a strong 2015, but are we going to wake up at some point in the future and have a massive revaluation of gold overnight? Is that something you see happening not this year but in the future? Is that coming at some point?
FABER: Yes. But I think before it will happen the central banks and the governments will try to take the gold away from ordinary people, you understand? I think they know that this would be one solution for the global financial system to peg it again to some extent on gold. But before they do that, I think they’ll go after you and me and say, “Okay, parasites of society that do not spend but keep their money in gold that is unproductive- let us take it away.” That is the threat. I’m not worried about the price of gold. What do I care if the gold price is at $1,000 or $500 or $1,500 or $5,000? What I care is that I can keep ownership of gold.
KING: Just so I understand this, there may be a global coordinated effort by as many central banks that can get together on this to seize the gold, to take the gold.
FABER: Yes, because the professors at the central banks and the academics, most of them have never owned a single ounce of gold. And they know that gold is the honest currency that cannot be printed. Yes, the supply increases and sometimes the price goes up and sometimes the price goes down. But this is a market they really cannot control in the long-run. They can manipulate it in the short-run, but the more they manipulate it, the more it will eventually go to its real level. And so central bankers basically who are the money printers- the counterfeiters of this world- they hate gold. Period.

Later on in that King World News interview, “Dr. Doom” talked about the investments he owns these days. Faber revealed:

I own some real estate in Asia. I own some gold. I own some stocks. I own some bonds, because I agree with you at some point the bond market will diverge. In other words, they’ll print money and buy bonds, but the bond market will go down.

You can listen to the entire interview on the King News World website here (gold confiscation discussion begins at 14:09).

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Share

Tags: , , , , , , , ,

Peter Schiff And Axel Merk Talk Gold

I’ve been so busy lately I didn’t realize Peter Schiff’s Euro Pacific Precious Metals had been rebranded as SchiffGold. And earlier today, I spotted a new Gold Videocast published on SchiffGold.com in which Axel Merk is interviewed. The topic? Gold. From the website:

In this SchiffGold exclusive video, Peter Schiff sits with Axel Merk at the recent New Orleans Investment Conference to discuss gold investing in the midst of the currency wars. Like Peter, Axel was one of the few analysts to warn of the 2008 financial crisis and he remains one of the few analysts independent from the mainstream “recovery” consensus. Their conversation covers the history of gold’s price performance, the upcoming Swiss Gold referendum, the role of physical bullion in a portfolio, and much more.

I found their discussion about gold’s victorious outcome in a currency war and ownership of physical gold particularly interesting. Especially when Peter noted:

It’s not that people want to do something illegal but people fear that the government may do something illegal in the future, may do something oppressive in the future. They might want to confiscate gold but they can’t confiscate it if they don’t know where you have it. If you have it in a brokerage account, they know where it is and they can take it. But if you have it buried somewhere or in a safe, they can’t get at it.

Good stuff, which you can read (full transcript provided) and watch in its entirety on the SchiffGold website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Share

Tags: , , , , , , , , ,

Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here.
ANY CHARACTER HERE
Emergency Foods Local vendor (Forest Park, IL). Review coming soon.
ANY CHARACTER HERE
Legacy Food Storage Review coming soon
ANY CHARACTER HERE
MyPatriotSupply.com reviewed HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC reviewed HERE
ANY CHARACTER HERE
BulletSafe reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com reviewed HERE
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations

Categories

 

Archives