Insider Report: US Government Will Confiscate Gold When It Touches $2000

It’s no secret that the US government is broke, the US dollar is crashing and losing credibility globally, and the IMF, China, France and others have publicly stated their desire to eliminate the dollar as the world’s primary reserve currency. The IMF, for example, recently issued a call to replace the Federal Reserve’s fiat paper, ironically suggesting that it should be replaced with yet another synthetic instrument known as the SDR, or Special Drawing Right. The SDR is essentially a monetary unit made up of a basket of other global monetary units that include the euro, Japanese yen, pound sterling, and U.S. dollar. Incidentally, prior to the collapse of the Bretton Woods gold-backed US dollar monetary system in 1973, the SDR was actually ‘backed by gold,’ with one SDR being worth roughly 0.88 grams of gold, or at the time, $1 US dollar.

It’s been suggested that a new SDR, which would likely include the Chinese Yuan within the basket, may also require some non-synthetic units of exchange such as gold.

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.

The following “Red Alert” was sent by Wiegand to other precious metals experts and analysts and is republished verbatim:

via Sherri Questioning All:

Editor: There is a plan to use the IMF (AKA US Treasury and Wall Street) to be the front man for the new world order and one currency.We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it’s confiscated in the USAfor about $200. Then it’s to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011.  Large physical gold is being moved to Canada.

We’ve previously commented on the possibility of gold confiscation and other steps that may be taken by our financier controlled government in the event that gold does reach certain thresholds. Reaching these new thresholds, for example $2000 or $5000 per ounce, would suggest that the US dollar has likely crashed or begun a final collapse into oblivion, at which point, all credibility for this unit of exchange will have been lost in the eyes of the rest of the world.

Will this lead to confiscation? Even David Morgan himself, in a recent Youtube interview, suggested that confiscation  in the traditional sense was “ridiculous” and an argument that he doesn’t buy.

Confiscation, however, may happen in other forms, as has been suggested by trend forecaster Gerald Celente and precious metals expert Jerry Western.

Celente, who has been forecasting $2000 gold for years, says that governments will intervene if the price gets too high:

We are projecting gold to go to $2000. It can go way higher, but we think that’s going to be the limit because the world governments will do something to push the price down.

The free market will certainly value gold appropriately over the long-term, but in the short-term we cannot underestimate the power of interested banking conglomerates and their marionettes within the halls of Congress and the White House to force the price of gold to whatever value they choose through the use of price controls, much like governments have attempted to do with things like rents and food in various parts of the world throughout history. In the case of Mr. Wiegand’s red alert email, it could be as low as $200 per ounce.

In his timely book Got Gold? Get Gold! covering everything you ever needed to know about precious metals, author Jerry Western writes:

So, will it happen again? I’d have to say overtly, probably not. Never say never, but I believe that covertly it has already begun.

Mr. Western suggests that, while the government will not overtly confiscate, as they did in 1933 when the US dollar was backed by gold, there are other ways that the financial powers that be, who essentially own our government, will strip the people of their precious metals.

…there’s the matter of gold and silver Exchange Traded Funds. Many of these funds, including the largest, are thought by many informed individuals, not to hold the metal they are purported to. At some point, if they don’t have the metal, they will default on their obligations to shareholders. Those shareholders who thought they owned gold will not…They will have had their gold taken from them. Confiscated.

The two largest gold and silver ‘backed’ commodity ETFs currently have a total of nearly $70 billion in market capitalization. If the gold and silver aren’t there, as the fund managers claim, then if and when investors start requesting delivery of the physical metals, the funds will crash in the style of Ponzi and the paper representing their physical holdings will become worthless.

The other real possibility will be confiscation through taxes, writes Western:

The final implementation of confiscation will probably be in the form of confiscatory taxes. If taxes rise to 90% on any profit I must report, then it will be discouraging and not worth the effort to hold the metal.

With the passage of President Obama’s health care bill, the American people found out, after the fact as usual, of the new 1099 requirements which will force gold/silver merchants to declare all precious metals transactions over $600. Thus, the mechanism for tracking and taxing even small cash transactions has already been put into place.

We cannot, however, dismiss outright the suggestion that precious metals will be physically confiscated from the people. The reasoning behind the 1933 confiscation and ban on owning gold until the mid 1970′s was primarily because the US dollar was backed by gold. One US dollar represented a specific amount of gold, 0.888 grams in fact. Today, no such backing exists, and gold has been called a relic of the past by modern day monetary experts.

However, if the IMF gets its wish, and it very well may if the US dollar’s long term plunge continues unabated, then gold will become a part of the new world reserve currency unit, currently being referred to as the SDR.

If the United States is to retain a portion of that SDR basket, we will not be able to do it with our current monetary unit, the Federal Reserve Note, and a new currency domestically would be required. Sure, it may still be called the dollar, but it will likely need to be pegged to some physical asset, at least in part, for it to have any credibility globally and within the SDR basket. This means that the government is going to need to get its hands on some gold. There are supposed to be tons of it in Fort Knox, but we really don’t know because no accounting of those assets have been done for some 50 years. In the event we don’t have as much gold as the Federal Reserve says we do, then those precious metals are going to need to come from somewhere.

For this reason, we can’t dismiss the idea that confiscation may become reality.

So, if you’ve taken our past advice and hold physical precious metals, we recommend looking into some creative ways of making sure they don’t exist if someone ever comes knocking.

23 comments to Insider Report: US Government Will Confiscate Gold When It Touches $2000

  • Amanda

    Unfortunately, they already have and more!

    Because currently, US money is tied to a debt-based system because of the Federal Reserve and using their notes as currency, a few different private mints have developed ALTERNATIVES to the wothless US money, such as eGold, eBullion, Liberty Reserve, Liberty Dollars, etc, and using it in a trade/barter system instead of US currency. End Reviews

  • Keira Buckley

    I think we must try to trade in gold in gold because this is real money for investment.motorcyle accident solicitors uk

  • I Loved The Way You Discuss The Topic Great Work Thanks For The Share.

  • I Loved The Way You Discuss The Topic Great Work Thanks For The Share.

  • I’m really impressed with your article, such great & useful knowledge you shared here. I also want to share some helpful information regarding essay help and assignment help

  • the contents existing at this website are in fact remarkable for people knowledge, well, keep up the good work fellows.

  • Margaret J. Leeds

    Hello. You know, after reading the article once again confirms your idea. On whether the government is changing or not, the life of ordinary citizens is better not to become. Quite the contrary. and from this very sad.
    Every time choosing someone new, you hope that at last you will hear and understand correctly. But no. Rushing to power, many immediately forget about all their promises and throw all the forces to stuff their pockets .
    But all the same, I want to hope that someday it will change. In the meantime, to express their mentality, it remains only to write a college application essays sample

  • Pradeep Kumar

    thanks for share this blog 20000 mAh Power bank

  • russell rexroad

    The educator should focus to each understudy, expecting any, Pay Someone to Write my Essay UK understudies influence the Academic Writing Services request to identify with the address so teacher should give a response to the understudy as opposed to making a tolerable time for him/her in the class to give better use of the gold heap of the United States notwithstanding for various purposes. really not too bad.

  • almahernandez

    This administration was to a great degree authoritarian, with next to no enthusiasm for it’s masses Best Essay Help so the appropriate response An is no, for B no administration tries to keep its kin in anticipation, that has neither rhyme nor reason, and C unquestionably not, it was a standard period government. It was absolutely intrigued by the undertakings of the ruler.

  • Chris Greenwalt

    The insider finance issues can be solved by different dissertation writing services as there are lot of writers who are working with these services to provide the best services.

  • jolinamcconaughey

    The thinking behind the 1933 appropriation and prohibition on owning gold until the mid 1970′s was basically in light of the fact that the US dollar was upheld by gold. One US dollar spoke to a particular measure of gold, 0.888 grams actually. Today, no such sponsorship exists, and gold has been known as a relic of the past by cutting-edge financial specialists. Dissertation Writers

  • brucebrennan

    The two biggest gold and silver ‘upheld’ ware ETFs at present have an aggregate of almost $70 billion in showcase capitalization. On the off chance that the gold and silver aren’t there, as the reserve supervisors assert, at that point if and when financial specialists begin asking for the conveyance of the physical metals, the assets will crash in the style of Ponzi and the paper speaking to their physical property will end up noticeably useless. Dissertation Help Online

  • warrenzephaniah

    The free market will surely esteem gold properly finished the long haul, yet for the time being, we can’t belittle the energy of intrigued keeping money aggregates and their dolls inside the lobbies of Congress and the White House to constrain the cost of gold to whatever esteem they pick using value controls. Online Dissertation Help

  • Thanks for sharing this useful info. Check it on:
    Essay Writing Service uk

  • I like this site, add this data truly pleasant. Do my Assignments additionally, We give great assignments and other written work benefits in the UK. Alongside assignments we likewise give proposition, contextual investigation, coursework, research project and exposition papers. We exceed expectations in more than 60 fields like bookkeeping, software engineering, building, administration and so forth. The greater part of our duplicates is composed with the high demonstrable skill for best outcomes.

  • The teacher should center to each understudy, expecting any, Pay Someone to Write my Essay UK understudies make the inquiry relate to the address so instructor should give a reaction to the student instead of making a decent time for him/her in the class to give better utilization of the gold load of the United States in addition to for different purposes. truly decent.

  • Jonathan David

    The IMF, for instance, as of late issued a call to supplant the Federal Reserve’s fiat paper, incidentally proposing that it ought to be supplanted with yet another manufactured instrument known as the SDR, or Special Drawing Right. Essay Writing Services

  • Erica Cohen

    The United States Gold Reserve act was issued at January 30,1934 that all gold plus gold certificates by the federal reserve in Department of Treasury. essay help UK It protects the currency system of the United States, to provide better use of the gold stock of the United States plus for other purposes.

  • Ronie

    The instructor ought to focus to every understudy, assuming any, understudies ask the question identify with the address so educator should give a response to the learner as opposed to making a good time for him/her in the class. Assignment help UK, Those folks who need to take an admission to that school or foundation where they will be given the non fake higher educations in their longing staff so they can develop in their industry with no issue.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>