In the midst of economic troubles in 1933, President Franklin Roosevelt issued an executive order to confiscate all gold from American citizens (download executive order 6102). At the same time, laws were passed making it illegal for American citizens to own gold.
According to a top-level financial insider at a multi-national bank, economic problems are coming but the government is not likely to confiscate gold again. The following provides his comments on this topic.
The anonymous insider uses the alias name “V” for his protection. His comments were made on April 15, 2013, when he was a guest on the Hagmann and Hagmann Report Radio Program. The following is the transcript.
They might try to confiscate your precious metals but the problem is this. Confiscating metals logistically is extremely difficult. In the past, in 1933 when FDR wanted everybody’s gold things were a little easier. You had a populace that had the mentality that we are all in this together. Patriotically, many of them gave up their gold. The smart people took their gold and buried it or hid it.
To do that today would be possible but not easy. It is a logistical nightmare. You have way too many people that have way too much gold and silver. It is a logistical nightmare to go after all of it. Besides, the bankers and the Federal Reserve have already made it clear they have bigger fish to fry. They are more worried about your firearms right now.
If they were to do a sting at your house and you are a person of interest and they are able to seize your bank assets and to come to your house and do a thorough search of your house, then if they happen to find your gold and silver then they will take it. But if you have golden silver and you are somebody that is kind of like off the grid, kind of flying under the radar, they are not even going to bother you because it is a logistical nightmare. This is what I have been told.
I asked this question to one of my sources. The gentleman told me it is a logistical nightmare. We are not going to waste our time and our manpower on doing something like that. That is a task that is just way too big to tackle. They might put out a little warning to everybody saying if you have precious metals to please give them to us, like a buyback program.
Stupid people will line up with their gold and silver and gladly take some paper fiat at a fraction of the value of their gold and silver. That is how they’re going to buy it back. But in terms of them actively coming out to try and find who has gold and silver that is not going to happen.
So I tell those who are renting to continue to rent and those who are paying a mortgage to continue paying the mortgage. How many times have we told you guys to get gold and get silver because the time to get it will draw less and less? Right now we are in the midst of a gold and silver shortage. People say to me, “Well, silver is X amount per spot.” They don’t understand the premium the dealers are paying right now. Things are getting very, very difficult to acquire these precious metals.
Another guest on the same Hagmann and Hagmann Radio Report program was author and minister Steve Quayle. He provided his own comments regarding the confiscation of gold.
They know who has the guns. And yes they will confiscate the metals when they come for the guns.
Those of you who are my clients and you have had me send your metals to depositories in Delaware or someplace else you are going to lose it. It does not take a rocket scientist to know that if they know all the gold is in a certain depository they are going to hit that depository. They know where those hoards are.
I agree with Steve Quayle. Gold and silver stored in a depository will be worthless when a financial collapse occurs. Take possession of your metals.
Prophetic minister John Paul Jackson shared on one of his videos that God told him to tell the people to take possession of their metals. I was already leaning that way but his word helped seal it for me.
Also, when purchasing metals avoid the dealers that commonly advertise on television. I did some research last year and found that none of those dealers keep any metals in stock. They wait to receive orders from their customers before they place orders with their sources. As a result, they all take 6 to 8 weeks for delivery, which is not acceptable in normal times and even less in times of trouble.
The two best sources I found were American Precious Metals (apmex.com) and Provident Metals (providentmetals.com). I have placed several orders from these dealers. They both have large inventories, so they ship their orders right away. Apmex ships orders the next business day while Provident Metals ships orders within 3-4 business days. However, Provident Metals prices are usually a little lower than Apmex.
One last point, silver is a better investment than gold, but that is a topic for another post.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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