I can only hope that this isn’t true, but nothing surprises me these days.

Maybe this is a manipulation. They would love it if people stopped buying gold.
It may be very difficult to accomplish. It is legal now, how could they get away with
anything less than spot price. Even in the 30’s they paid spot. All they have to do is
run the printing machine a little bit more.

A minimum of $5,000 would be considered.

Hello Trader Rog,
This is just my initial reaction to this idea that the Gov’t. may try to confiscate gold at some point. My gut tells me that the powers that be are well aware the pms are getting set for another bull run, China demand for gold is very strong, and all fiat currencies are heading for 0. In an effort to stave off demand for gold, they are letting this suggestion out and hoping it will circulate through the pm market, believing that people will take the threat seriously and either go into other metals as you suggested or stay out of pms altogether. (Allows them to “kick the can down the road” a little further. All this in an effort to generally suppress demand for gold. I guess J P Morgan and Goldman Sachs are losing their ability to manipulate gold and silver prices as they have just about exhausted all their naked short positions? What do you think? Am I off the mark?
Sincerely,
Dan

To add to the concern, I have read that the western governments plan to tax precious metal transactions at an sky high rate, because confiscation won’t work. For example….the world economic crash takes place and then you go to buy $10 worth of goods at Walmart and you want to pay with a $10 Silver coin. There is now the government impossed 80% transaction tax on your silver coin, meaning it is only now worth $2.00. You have to pay $50 in silver rounds to get your $10 of goods. I read about this proposed tax in a British newspaper. Wild wild stuff.

Roger, What you were told is absurd. What would be the point? Should a president issue an executive order to confiscate gold, the process would be an act of war against the US and would accomplish nothing but alienate Americans against Americans all for what, a civil war? Understand that a president would have to have congressional support and support from the people.

If gold confiscation has a possibility and in order to prevent revolution, it would have to be combined with confiscation of all sorts of individual assets, IRA’s, Pensions, Muni Bonds, and a partial repudiation default on treasuries combined with slashing all entitlements. In other words gold confiscation would only work if in included severe damage to all people, maybe not equally but enough so, that no one looked like they were getting away Scott Free.

Fine bring it on … we will have Egypt in the USA. Being able to own gold and/or silver is a way for us to protect ourselves and vote on the soundness of government monetary and fiscal policy. There is a limit to the loss of rights and suppression people are willing to deal with. If this government insists on giving people no way to go, the built-up pressure will come out somewhere. I for one will go on the barricades. Moreover, they will have to get pry my stuff out of my cold dead hands. I’d rather hide it 200 yards under the ocean then give a cent of it to these fools who have mismanaged this economy, my retirement, etc. Nobody is confiscating my stuff, and I predict that these kinds of measures will only lead to civil unrest.

I think there is almost no way that the offer price would be below the market price and in particular 200 dollars. It was not even this price a decade ago when the bull market first began. Smells odd to me. Never the less another reason to consider gold and silver stocks as part of a balanced basket of investments.

Keep in mind that the bible says that gold will be removed (taken away) from the people in the latter days and that silver will become worthless.

Buy at $200 and reset at $10,000.

To bad gold trades on a world wide exchange, The U.S. can not reset the price.

People need to take a deep breath. What has the government and their media lackeys been trying to do since the economic crises erupted?

They have been trying to trick you. This is another one of those manipulations. Why put a price of $200 on the confiscation? Because they want to panic you into going out and selling your gold, since $1375 is a lot better then $200. Do not fall for it.

While I believe that Roger and his source are legit, this info they have been fed is obvious bunk. They want you with dollars in your pocket, not gold. Again, do not play their game.

It’s interesting to consider this in combination with what Jim Willie reported his sources told him recently, that China leased gold and silver to the U.S. back in 1999 as part of the deal Robert Rubin made with them to grant them most favored nation trading status. Then the U.S. turned around and sold it, in violation of the terms of the agreement. He said that was part of what motivated the Chinese to drive so hard to bust COMEX.

There was another element to the deal, and that was that China agreed to reinvest the trade surpluses that would result into Treasury Bills.

Now I’d like to point out here that what this breaks down to is the U.S. government borrowed precious metals and used them to drive down price in markets by selling them – although who knows, that gold could be sittting in Bill Clinton’s closet given the integrity of our leaders. Anyway, they threw it away somehow.

I can’t help but think that if any confiscation happens it’s likely a portion will be used to make good on that outstanding gold debt – if this story’s accurate. So the average guy, who’s been working like a dog trying to conserve assets is going toend up paying for Greenspan’s games and the government’s decision to manipulate the gold market, which may well have cost you money the first time around as well.

But consider the other part of that purported “deal” too. If you think back the government rammed that deal through the way they did with NAFTA and all the others, by feeding us a line of pure crap about how we were going to send all the dirty smelly jobs over to China, but don’t worry, you might lose your factory job but the Chinese were going to buy stuff from us, and you’d get a new job as a computer programmer, or an engineerr, or a CEO.

If part of the deal was to have China buy Treasuries to cover the trade deficit that would tend to indicate that they knew full well right from the start that there wasn’t going to be any buying to any noticeable extent from us, and that we were going to run trade deficits.

So they took us into that deal, where they shipped what remained of American industry overseas, and got a buy in from the Chinese to invest in Treasury bills.

I guess I’m just getting paranoid, but more and more I see less and less incompetence at work driving our country into bankruptcy, and a calculated decision to create the conditions which would lead to excessive debt, and collapse. The IMF and the central bankers make no secret of the fact they’re eager to take control of the show for and centralize banking globally. If you ask me, we’re being slowly boiled to death, just like the proverbial frog in the pot

Re: Monty’s comment, “Keep in mind that the bible says that gold will be removed (taken away) from the people in the latter days and that silver will become worthless.” There is no verse in the Bible that says this. I’ve had a few people say almost the same thing to me over the years, and when I ask them where the Bible says that, they just get this perplexed look on their face. I think they have been influenced by the movie that came out in the 70’s, called “Thief in the night”, in which the song, “I Wish We’d All Been Ready” says, “a piece of bread would buy a bag of gold”. Well, that is a songwriter’s assumption, BUT, it is not Scriptural.
YaHozna says, The dollar pretty much rules the day. What? Gold and Silver are pretty much worthless? Surely, you jest? The dollar has declined steadily from 1913 to where it is only worth about 4 cents today. That’s a loss of 96% of its value. Hardly ruling the day! Gold has gone from less than $300/oz in 2000 to $1,376/oz today. Hello, that’s over 400% growth in 10 years, not accounting for inflation!! Hey, I’m no rocket scientist, but this is a no-brainer. That tells me the dollar is the loser, and gold/silver are the winners. That’s just the facts. You might want to take a position in the PMs before you get left out in the cold.

Why confiscate gold at $200? That makes it a scare story and it scares me, even though I am not in the USA. WHy not buy it at $2000 to encourage everybody to sell and then revalue it to $10000? Even at $1350 gold the 8000 tonnes / 261m oz the USA is supposed to have is worth only 350 billion US$. Bennie could print another 600bn$ and buy 261m oz at $2000 from the people in a confiscation for 522bn$ and still have some change for a nice 300ft yacht. That would double the official reserve in there was that much owned by the people. If you’r going to revalue it at $10,000, why not just by it from the market at anything under $10,000?
The whole financial system is one giant scam to fleece the working publlic. I wonder how many of them realise.
This editorial makes Jim Willie’s recent interviews look relatively tame!

CASH FOR GOLD! On another view, what about all these CASH FOR GOLD schemes. Does anybody out there wonder, like me, where all those thousands of almost identical signs for CASH FOR GOLD appeared everywhere in the last year or so? It seems to be that CASH FOR GOLD – turn in your gold to the bankers and get fiat paper is the first stage of an ACTUAL, REAL gold ‘confiscation’ that is already underway.

LADYS AND GENTELMEN YOUR BIBLE VERSE IS EZEKIEL 7:19

Thanks Randy,
Eze. 7:19 says, “They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.” Real quick here. This is a verse describing the judgement coming upon the Nation of Israel, most likely fulfilled in 587 BC, when Israel was taken captive into Babylon. Ezekiel was writing this in 592 BC, just 5 years before these events would occur. The picture is of Jerusalem surrounded by invaders. The armies are outside armed and ready. They have cut off all access to food and water and are starving the trapped Jews out. When you’re starving to death, gold and silver aren’t doing you any good, so to them specifically, at that time, gold and silver could not save them.(Relative value) But it is not saying, that even at that time, that universally, gold and silver were worthless. Context is absolutely critical and a fundamental understanding of exegesis is a must if you want an accurate understanding of Scripture. The throwing of the gold and silver out into the streets is a euphemism for the discarding of what was not useful to them. Their immediate need was food and water, and you can’t eat gold and silver, but it’s not that gold and silver were worthless in the bigger picture. This verse is not speaking of the days in which we are living. Hope this helps.

Best quote: “The possibility this could happen is a possibility”

My response: “The possibility that this is BS is a certainty”

Roger Wiegand claims he has a credible source. Here’s a challenge to Wiegand. Broadcast that you are sure that your source is qualified to have this information and understand it’s importance and is acting honestly and with integrity.

There is one simple rule for a good commentator/reporter/blogger – be personally accountable for what you say. So if you are going to report sensational news make sure you have impeccable sources.

Wiegand – are you prepared to be personally accountable for what your source has said?

Let’s get this right. Here is the quote:

“They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.” (Ezekiel 7:19 (King James Version)

Next, let put this into context. The exegesis of this passage can go any number of ways, but here is my spin on it.

First of all, this may just be referring to some event that has already happened in the past, not to contemporary, 2011-2015 USA. But, for the fun of it, let’s assume it applies to us and our times.
In this case, it would seem to me that these passages relate to the US governemnt, not those who are protecting themselves financially by stacking gold or silver.

Look at it this way, the US government already “threw out” (and still is) its silver through (for example) the undervalued sale of ASEs, and its gold was “removed” from Fort Knox in the 70’s when governments around the world called in their chips and asked for gold from us, which caused Nixon to go off the Gold standard. Moreover, according to reports, China (which gave us Gold in return for MFN status) and Germany (whose gold supposedly sits in NY) appear to have turned over their gold to the US and then we apparently went out and sold that bullion. In fact, some now think that Fort Knox is empty or depleted (therefore the calls for our gold reserves to be audited, which scares the government).

Now, to this passage related to “the wrath of the LORD” that will come. This passage says, “they shall not satisfy their souls, neither fill their bowels: because it [gold and silver] is the stumblingblock of their iniquity.”

Based on the interpretation offered so far, this passage could mean that the US government will be in deep bird doodoo when/if a SHTF scenario (financial meltdown) comes to pass because their inequity (i.e. misappropriation of Gold and mismanagement of it, as well as the manipulation of its price and the generally the shoddy management of the economy) will leave them with no assets (only debt), but conversely those who have been stacking gold and silver will be in a great position because gold and silver will be the “stumbling block” (i.e. that which trips up) the “iniquity” of what the government has been doing. In fact, look at what is happening with silver backwardation on the COMEX and deliveries for March. The manipulation of gold/silver prices is about to come to an end, the COMEX will crash and the economy will head tank due to fiat currencies.

In short, it is the US government and its policies that will come to haunt the US government. If “wrath” is going to come down on anybody for an iniquity, surely it will be coming down on the US government for the ponzi schemes it has been perpetuating.

In summary, exegesis is a fools game, but if we must engage in it, I like my take on these passages better than the one that sees us holding the bag when the system collapses. I just don’t see any iniquity in us protecting ourselves from the government hurting us, nor do I see how this could call the “lord’s wrath” down on us. It’s the other way around.

Dark conspiracy against gold bugs, bible talk – what next “they going to take our guns”?

Marco, I don’t really have much problem with most of what you wrote, which is as you say, your “spin”. That’s fine. We all have ideas, and scenarios we think will play out, etc.. I do too. Only time will prove who’s right, even though that’s not of much importance then, after the disaster has occured. My objective is to help people in the here and now, get thinking right so that they can prepare themsolves and their families for the tough times ahead. I want people to prosper not be destroyed. Now to your comment about “exegesis”. There is no greater endeavor or expense of energy, that can be given, than to the study of God’s Word!! Period!! II Tim. 2:15, “Study to show thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth.” (KJV) Hey, looks like God thinks “exegesis” ie. “rightly dividing the Word of Truth” is pretty important. You said, “it’s a fool’s game”. Not according to GOD! Don’t make the classic mistake of confusing interpretation and application. Context is critically important. There is usually only one correct interpretation of a passage. However, there may be many applications of the principles. Sorry, I don’t mean to sound condescending, but the teacher in me gets exercised everytime someone egages in this kind of thinking. Now, I do agree with your final remarks regarding proper and wise preparation. Absolutely, God expects His creation to use common sense and wisdom. Prov. 22:3 in the NLT, which is a paraphrase and not a translation, but the sense and import is transmitted better than in the KJV. It says, “A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.” Couldn’ be more appropriate to today. Blessings to you,
Dan

Hello Har,
Only dictators and evil men conspire. Those of us who can figure them out before they do what they want to do to us, are wise and smart. The only Real Truth comes from God, our Creator. You need to realign yourself. Regards

Dan, exegesis is a fool’s game because there are interpretations a dime a dozen and none can be disproved, so as interesting as it might be, exegesis is no science, nor does it offer any certainty

There are 22 major, 289 large and over 34,000 minor religious groups. The odds of you praying to the correct deity is .00003

My God is better then your God has killed more people then just about anything in history. In the dark ages how did a few people control tends of thousands…..religion.

Rumor has it that Trader Rog sold his gold and made a small fortune in wheat, soy bean and corn futures. God has been good to Trader Rog.

Rog, my opinion is that the government is not going to try and confiscate gold well below the spot of $1375. They do not want to cause and an uprising among gold bugs because the have enough problems right now without further resistance from the general population. They would have to offer atleast $2000 an oz to get close to full compliance. Besides, the money they would pay is going to result in more debt that is not going to be re paid by our government anyways. So why not pay $2000or even $5000/oz. Its all bad debt anyways.

That’s fine Marco. I’ll be a fool for Christ’s sake. We are all entitled to believe what we want and I sure wouldn’t want to stand in your way. And I sure can’t argue with the brilliant intellect of a skeptic, (one who can’t even articulate what he believes) so hey you win, just that easy. By the way, you and Har sound a lot like Eric. Do you know him?

Rodger, either you are a gov’t shill or someone is feeding you disinformation (as in “1984). No way could they possibly be that brainless.

It says “their” gold and silver would be cast in the streets. The people use dollars as their gold and silver today for money. the Bible also says their gold and silver is cankered. Well, real gold and silver does not canker but worthless dollars do. So people, take your cankered gold and silver and buy real gold and silver before it becomes worthless and thrown in the streets.

I would rather throw my gold into a lake before I would let the govenmnt take it!

Of my 8 versions of the Bible only the King James version says “…and their gold shall be removed” most of the others say approx. “and their gold will be an unclean thing”or words to that effect. The 8 versions include the Jewish Tanakh 1985, and the 1917 Masorectic Text, Modern Language,Living Bible, Revised Standard,Ryrie Study Bible, New World Translation (Jehova Witnesses)and King James. Nevertheless I believe the best authority is “the still small voice” that occasionally communicates with me and as a result I only buy Gold and Silver mining shares or shares of royalty trust streamers like Franco Nevada, Sandstorm
and Silver Wheaton.

In my above post on Feb. 22 re the quote from the King James and other versions I am refering to Ezekial Chapter 7 verse 19

The Gold Confiscation of 1933 is the single most draconian economic act in the history of the United States! http://www.moneyteachers.org/gold+confiscation+act.htm