"We’ve learned from well known metals analyst and commentator Roger Wiegand, in an email to silver analyst David Morgan which was subsequently published in Morgan’s latest Silver Investor newsletter available only to subscribers, that several of Wiegand’s high level inside sources have reported that the puppeteers behind the US government, in order to facilitate a move into a new world currency are considering, or may have already begun moving forward with, a plan to confiscate gold and silver from the American public."
I'm not concerned about it until the socialist obama comes out and says this is going to happen. Until then I will continue to purchase metals and hold my mining stocks.
If the government ever did this, I believe there would be a civil war. There are too many people who are wise to what the washington scum are doing and many people are already set to start shooting people if something like this comes down.
They would also have to nationalize domestic gold mines if this comes to pass. Should this happen, they will have a full scale revolution on their hands that would make Egypt look like a Sunday picnic with armed conflict between the civilian populace and the government. More likely they would try to institute some form of intangibles tax like Florida on all traceable precious metals holdings. They'd still have a revolution on their hands however.
Did you hear the news? JPM loaning dollars to people that will use their gold as collateral. Others to follow. Is silver next?