Billy

I think its reasonable to say that you have to judge what the risk is. If you knew the "authorities" were coming for your stash, I bet you would re-evaluate your hiding place and maybe improve it. Those who use BV or GM would do the same, ie sell their BV/GM gold and buy physical. And hopefully neither you or them would leave it too late before taking action. I completely agree with your view about holding physical but I would not have been so unkind and rude to a fellow member.

ok fine

that fellow member questioned me 3 times

i called him an idiot on the 3rd iteration, though i knew he was same immediately, on iteration 1

who owes who an apology?

people are risking eneormous sums here, time for some plain talk imo

the whole point of gold is wealth PRESERVATION

stick it in someone else's hand s and u lose the whole point, lmao, ever watch bogart???

especially now leaving your assets in other hands, in the crucible we are now whirling in, is madness

so pixelhattr, am i wrong that you are an idiot?

Stash :lol:

edit - oops, looks like my stash is bigger than 500k, lmao :lol:

The way you write, makes me think you are not very old and probably don't have very much to store. I feel very safe with the system GoldMoney has put in operation. Would much rather have security, insurance and instant sale at spot ability.

i'm 49 and have been around the block

you are a complete idiot

i have 200k +++ in my own hands, perhaps go to the start of this thread and read what i have said

you simply have an extreme case of cognitive dissonance

you will look at something and come to the wrong conclusion

for the 3rd time you said goldmoney was = to having gold au bullion in one's sticky mitts

for the 3rd time i have said you are F###ING wrong, geddit? ((edit in this sentence, Bubb))

it ain't

see my last two replies to you, above, and reread both of them

and no i wouldn't have the convenviences of 'security, insurance and instant sale at spot ability' as the folks that would take over gm in a force majeure situation would equally have security, insurance and instant sale at spot ability to work against you

idiot

You are saying that VIA MAT vaults could go bust and keep my gold. Wow the whole world is going to come to the end, mad max here we come!

I am saying for the second time that you are totally incorrect. See my first post above and reread until it sinks in.

You have great faith in hazmat, as if an insurance company has never gone bust in the past, or as if confiscations have never happened in the past! :lol:

What you suggested/outlined is clearly NOT the same as owning your own gold in your own hands. If you wish to give your savings to people in foreign lands in exchange for some pixels on a screen go right ahead.

I was wondering what happens if there is a gold confiscation?

 

For those people who hold their own physical gold (i.e. not using ETFs or an intermediary like BullionVault etc.), what good is holding gold if it becomes illegal to do so?

 

Presumably you can't spend it?

 

And would the authorities find out that you owned gold, by trawling through the records of suppliers such as CoinInvestDirect, etc.?

 

So I'm thinking it becomes an inflation hedge, but one that you can't actually benefit from owning or spending.

 

Therefore, is the point of owning gold purely to protect your wealth, and you'd have to wait potentially many years for any confiscation ban to be dropped, and ownership to become legal again, before you can then convert your (hopefully) inflation-proof hedge back into useable currency to spend?

 

Just some random thoughts, as I've just received my first gold and silver coin delivery from CoinInvestDirect, and placed an order for some more, and am thinking what actual practical use owning gold has, apart from my above-mentioned ponderings.

 

And would silver ever be subject to any confiscations? Or is it just gold?

very good questions

For those people who hold their own physical gold (i.e. not using ETFs or an intermediary like BullionVault etc.), what good is holding gold if it becomes illegal to do so?

some thoughts...

1. possession is 9/10ths of the law. These new SWAT teams are a precursor of things to come in the UK, whatever the usa does, the uk follows very swiftly - remember the 'law' is stacked against you, and can be changed at whim by the process of problem reaction solution.

There may come a time when owning gold is akin to owning heroin.

2. 'they' can make anything they like 'illegal' (i.e. marijuana, now legal, now not, now legal etc etc i.e coca cocaine, once the staple of coca cola type drinks in the 1900s, now replaced with the killer aspartame, i.e. booze, ref the prohibition in the 1920s) - you'll notice that all 3 items above are easy to get hold of and you'll notice that they sell at a premium far outweighing their cost price.

3. Do you want to be robbed by having your fiat frns (paper promises) inflated away to oblivion or do you want to make a stand and own the bullion - then deal with the consequences down the line?

I know what I'm doing and it is legal now.

I strongly suspect owning bullion down the line will become illegal. See below.

Presumably you can't spend it?

Wrong dude. Black market, use your head and take precautions, there will always be a market for 'illegal' (i.e. changed at a whim items that politicians wish to tax) items via bartering - as cgnao (LOL LOL LOL) keeps reminding the salacious, one sov = 1 month at the vice house of your choice ... many items are 'illegal' now and trade quite freely on the open market, drugs are the prime example and are run by tptb to fund black ops projects worldwide, research clinton/mena, and who pioneered the use of opium in china? the british crown. Think they've got out? think again. Current military policy in Afghanistan has opened the opium floodgates once again - coincidence? LOL

And would the authorities find out that you owned gold, by trawling through the records of suppliers such as CoinInvestDirect, etc.?

They would try. Spread your purchases around, use small coin dealers, ebay, buy abroad, import, don't leave a paper trail, use intermediaries, friends/family. The 'authorities' are by and large pretty incompetent and if you cover your tracks you should be in the clear. You can't say the same about kitco records, perth mint records, bullionvault and goldmoney - all subject to seizure by predatory govts - see the swat teams, sec etc - only recently lichtenstein banks have been doing the dirty on their clients and accounts have been seized by the irs, same is happening in switzerland, no longer the bastion it once was, so in the evn of force majeure i have no confidence in zurich/hazmat or whatever they are, neither do i in the biggest sharks on god's green earth, lloyds...

So I'm thinking it becomes an inflation hedge, but one that you can't actually benefit from owning or spending.

In 6,000 years no govt has ever prevented ownership or spending from those who hold strong, not those who buckle like the lilly-livered in 1933...no govt has been able to prevent private barter between like minded individuals, cut out the middle man, the taxman...

Therefore, is the point of owning gold purely to protect your wealth, and you'd have to wait potentially many years for any confiscation ban to be dropped, and ownership to become legal again, before you can then convert your (hopefully) inflation-proof hedge back into useable currency to spend?

All these threats are in place to STOP you buying, and it seems in yr case the propaganda has worked (it is scaring you) - remember, govts do NOT want gold in private hands, they want central bank control of gold - but that cannot be done any longer, the genie is out of the bottle. I think they have come up with very clever long cons, etfs, which are ripe for confiscation, with the etf individual owners being paid out at the deemed market rate - confiscation will also be very very difficult to implement imo, not without sending out troops with ground penetrating radar to houses and mansions and farms all over each land, no, there are many articles on confiscation, and it seems to me if that route is approached then a temting fiat offer will be made to entice the majority of loose weak hands, the push is towards 5 regional currencies then one world digital currency, so think along those line and how gold and silver will fit in with such plans...

Just some random thoughts, as I've just received my first gold and silver coin delivery from CoinInvestDirect, and placed an order for some more, and am thinking what actual practical use owning gold has, apart from my above-mentioned ponderings.

In future spread yr purchases around, use yr noggin, pay cash, trade locally, use intermediaries etc etc

And would silver ever be subject to any confiscations? Or is it just gold?

Silver etfs are ripe for confiscation, perth mint for govt seizure, kitco pool for the fed swat teams etc etc, i am suprised the money laundering ruse has not been played more yet, they have think tanks working out ways to rob you, but look at T5, the best laid plans etc

LOL

This is incorrect. Your gold is held in your name in an insured VIA MAT vault. I can not think off a place I'd like it more, cheap storage and you can sell at the spot price instantly. Better than burying it in your garden.

 

I agree that ETFs could be dodgy, but believe GoldMoney & BullionVault are different. You can even arrange to withdraw your gold in LBMA bars.

No, I am correct - the above gold you describe is not held by YOU, it is held by 1 or more intermediaries, any of which can go tits up in a force majeure situation.

Gold held by YOU would be in your own safe on your own property. You can easily insure it via a specialist broker.

Having held gold disastrously with the perth mint, and via etfs and monex accounts and various other outfits, i speak from experience and know the difference between HOLDING gold and having some bits of paper or pixels ona screen telling me what I own .... I hold all my bullion on my own property.

Alex at gim recently saw the light and has done exactly the same. Going with outfits like perth, kitco etc is a disaster waiting to happen - see te ted butler articles for the minutiae.

damned keyboard problems - i type like a virtuoso, paganini om hood crack delucxe, and the bugger lets me down every timre!!!

i see the muppets have also spike the cgnao threa

http://www.housepricecrash.co.uk/forum/ind...showtopic=72118

Check this thread out.

 

http://www.housepricecrash.co.uk/forum/ind...=72220&st=0

link fails narco

probbably the usual muppets failing to arrange a piss up in a brewery

The cost of living has increased and standard of living decreased since B squared came to power (B^2 = Blair * Brown). It is well known that our little island has become known as rip-off Britain, with its own website which popped up around 1998 to celebrate this joyous phenomenon. http://www.rip-off.co.uk/

 

Off course in true Orwellian style we are treated to daily bulletins of terror, low inflation, low interest rates, and footprints made of carbon that keep us all on our toes.

 

Enjoy!

carbon = global warming = fictitious al kida

EVERYTHING now it seems in all the controlled rags, ESPECIALLY ADDITIONAL TAXES, stem from the myth or non-myth of 'global warming'

i think it is all another means of stamping control by the back door

Well the world's 97th sexiest man alive, according to last year's womans magazine, is at it again with his George Orwell wanna be quotes.

 

Here is his latest statement which reminded me of Orwell's 1984, when the Chocolate rations were raised from 4.8 to 3.4 grams.

 

http://www.bloomberg.com/apps/news?pid=206...vk&refer=uk

 

``We will maintain a policy that will keep inflation low and keep interest rates down,'' Brown told reporters in Stevenage, England.

 

Can anyone spot the similarities?

yes

the man is a humonculus

 

theres allot of stuff about 2012

 

NN

lol

yes there is

i am somewhat of an expert in it, but save that for other forums

funny that old jim s has his nexus point as 2011

and the rigged (i.e. london never won it, but t HAD to be won, geddit?) london olympics are 2012???

lol

the elite are numerolgists, follow the numbers...

I have my worries as well. Bullion vault is great all the time the system stays reasonably stable. What if things go very badly wrong? Thats where gold is king but not if you don't actually have it. Saying that I'm heavily exposed to BV. Ideally I'd like to sell at a peak and then buy back physical in a dip. A good opportunity has just been missed, dooh. Could do with some Britannia's to see off CGT.

 

You think theres any chance that they might change the cgt rules on gold when it booms big time?

of course they wil

l robot broooon would tax the fleas on his mother's corpse

i study the REAL history of the world big time

it is 'funny' that vat on gold was abolished a little while back

but not silver?

why not?

someone know something???

lol

All goldmoney purchases are covered by a guarantee and a report is produced every quarter of all gold & silver held at each vault. This includes a complete bar list with serial numbers. http://goldmoney.com/en/report.html

 

Absolute Ownership

 

You, not GoldMoney, are the absolute owner of your gold and silver. GoldMoney stores it securely on your behalf.

 

Title to the gold and silver bars in allocated storage at the vaults at all times vests only in the various GoldMoney users.

 

When you purchase precious metals through your GoldMoney account, you actually hold and own the metal in your name.

All of the gold and silver bullion owned by our customers is stored free and clear from any creditors' claims against GoldMoney or the operator of the vaults.

 

When you purchase precious metals through GoldMoney, the gold and silver bullion is stored securely at the VIA MAT vaults located near London and Zurich. VIA MAT International is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies.

KISS

keep it simple

own the bullion in YOUR OWN HANDS, with NO INTERMEDIARIES

if you want to play the paper game and trade etfs stocksetc, fine, just know the risks, and as jim s says, have the stock certs IN YOUR OWN HANDS!!!

i.e. the force majeure bank holiday and martial law risks that cgnao and others allude to

many municipalities and jurisdictions have already gone bust because of sub prime and the derivatives beast

these vary from cantons and towns thru to cities and even states (and i would add uk plc to those gone bust to, and usa inc, the dollar)

what if the govt of western oz goes bust the same way as others have? and they back up perth mint?

what happens if a shedload of states go bust and lloyds cannot cover all, what happens to your non-existent gold at perth mint when all 100% of clients want a payout or delivery? because if/when all these states go bust, silver and gold will be doing a moon shot at the same time

i see goldmoney and bullionvault as safer than perth, but ultimately the bullion is with someone elese, not YOU

in a shtf scenario, good luck collecting

in a shtf scenario, bullion in your own hands can be sold off bit by bit as necessary, if you wish to go the fiat route or aqquire property for bullion, or goods for bullion

in the hunt bros era those who coined it sold their silver bullion in the short window during the moon shot

that is exactly what i'll be doing, not being greedy, a simple transfer of assets too early rather than too late

* * * FED Prints Wealth? * * *

Dear Subscribers:

Be aware that the Fed has chosen a course of guaranteeing junk paper instruments to buoy securities firms that would otherwise be under water . . . or out of business. You should not be surprised that many journalists ''report'' that this is fixing the economic crisis.

Certainly, the stock holders of Bear Stearns are happy about the federal handout. What we are witnessing now is a publicly traded stock -- which otherwise would be worth pennies -- is now magically worth ten dollars, because of a government edict (which is also known as a fiat).

Considering that our fiat-currency Dollar is a piece of paper backed by the ''full faith and credit of the United States,'' then this new paper should rightfully be called ''fiat-securities.''

Unfortunately, the general public is not cognizant that government intervention in the free market is ultimately at the expense of the Tax Payers. Let us hope that ten dollars does not become worth as much as a penny stock, which is basically what the government is suggesting.

There is no way to change the idiom that Government cannot print wealth. That said, you can bet that governments and journalists will continue to claim they can. The U.S. Gold Standard, which began its demise in 1913, would have offered protection to Americans.

Although the Gold Standard was eliminated, private investors today can institute their own free market alternative . . . and that, dear friends, is why we own bullion.

uranium is nailed on, read between the klues of all the bilderberg and g8 meetings etc etc

EDIT: Regarding (3), Hydrogen seems to be out of fashion. In places like California etc. the hope is to fuel these cars with solar power. My opinion is that all this will be good for not only solar energy, but also nuclear power (Uranium).

LOL

cannae happn capn! too much smog in LA for the warp drivess to work! solar power - fuggedahbboudit...

I posted this on HPC other day and got laughed at.

 

http://www.housepricecrash.co.uk/forum/ind...t&p=1026548

all those old farts lining up outside northen wreck i bet wished they had raided the wreck's atms the day before the shtf

as buffet says he got rich by selling too early

GF will love this one

 

http://www.housepricecrash.co.uk/forum/ind...75&start=75

 

 

 

 

The motto is here... Don't try and short a primary bull market.

del boy?

We shall see. Its all about time though. It will happen but when is the question. I think he is correct in what he says (100% ) He says it in such a way as to wind some people up, which makes it very entertaining.

he's already called the correct situation many multiples of times, many, so i wish the stupid stupid detractors would acknowledge this

he is bang on so far, and has proved to be correct for YEARS

as you say, it is just a matter of ***time***, and even the elites have no EXACT timeframe, it is all pushing and shoving and manipulating to get the desired outcome

organised chaos, lol

chao ab ordo

cgnao posted this on 26 march 2008 http://www.housepricecrash.co.uk/forum/ind...p;#entry1032614

 

>>>>>>>>>>>>>>>> Are You Ready?

Have you put your financial house in order?

 

Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.

 

How would you cope? What would you do?

 

Think I am crazy? I do hope I am.

 

Protect yourselves.<<<<<<<<<<<<<<<<<<<<<

 

 

 

 

I don't know what to make of this post but I respect cgnao posts. It would be arrogant for humans to think that there will never be a war as destructive as the second world war as we now have nukes. Similarly there will never be a crisis like 1929 again? Think again! Does anyone object to me copying his posts here, at least the most significant ones?

please keep this ON THE MONEY cgnao information source coming

ignore bernie the dolt

up a bit

down a bit

left a bit

right a bit

ready

aim

erm...

Only in our centrally panned world of Capitalism - which is really another form of communism which lets you keep your stuff in good times and vote from a list of chosen "leaders" once in a while - can we have bailouts from a private company (fed and Boe) with public money. All the banking bailouts shows us who is really in charge, and that is the central banks, which are supposed to be independent from government, but in reality are only independent from you and I as we are not allowed to vote the parasites out. Another trait of communism I may add.

 

Anyway back on topic. Gold dived 15% recently on news that a major investment bank just croaked and all other investment banks can now join the money trough with the other pigs otherwise known as member banks. Also in the news, a RUMOUR ALMOST COLLAPSES THE UK BANKING SYSTEM. Yep, that is the stability the 97th sexiest man alive claims the UK economy has*. Inquiring minds would like to know what would happen in the UK if the economy falters in Brown's mind. A cross between the films Mad Max and 1984 comes to mind.

 

Gold should be crossing $1,500 right this minute based on this news. A lot of inflationists are now joining the deflation camp based on what the bond market is saying. Of course the bond market could be another rigged table in the money changers' casino, so what to believe anymore is suspect. The owners of the casino are desperate to keep the punters at their tables, and not exit the system and buy real commodities, the only form of money since man crawled his way out of the cave.

 

*Womans magazine voted Brown the 97th sexiest man alive - I rest my case on the general stupidity and low standards that is endemic in the UK.

did you notice the autistic (and i say that advisedly, see the real MD's and psychiatrists' diagnoses at guido fawkes) paedophile snuff enabler at the sarkozy bash today? gurning and nodding his cyclopic head like a regular at the wailing wall, headphones on and rictus features pointed north, nod nod nod, rock rock rock, back and forth, back and forth, GIDDYUP!!! already, so coooomforting

thosre PR types get 100 house points for insisting gordo NODS HIS HEAD like a moron, because, doncha know, the cameras are always on you and the electorate notices these things, how SERIOUS you are!!!!

pond life

Interesting comment on a blog - Why Now?

occam's razor

it is PLANNED

having just got out (escaped) of a 2 year relationship with perth, he is accurate, LOL

I watched most of the second half, I was quite depressed with that dreadful easter weekend but having watched it I feel even worse. Having said that, it really put the world into perspective and how we are conditioned. One major question that came up to my mind is if every large event is part of an agenda then how on earth the potential collapse of the current financial system can be one of them? I am pretty sure than Bernanke who is a "depressions" specialist must know exactly the consequences of his actions with his greedy buddies, right? What benefits could they get from it? Are we perhaps going to get a black swan along the corner?

who, the metaphorical 'day before', predicted the black swans of 911 and the toppling of the berlin wall?

911 was a fait accompli

it came like a thief in the night, but was planned methodically for many decades

the replacement of the russian ogre with alfred kida, the new kid on the block

e v west

good for bidness doncha know

cgnao's allusion to a 2 week uk bank holiday + a massive devaluation is equally out of the blue, on the surface, and for those with pea brains, unthinkable

but now, obviously to all except bob monkhouse, not without precedent

28 and trying to get a degree?

open university is it?

LOL, godspeed with your brainwashing...

I wouldnt be sucked in by that hyperbole...its just attention-seeking. cgnao is very good at digging out worrying info and disseminating it, though he undermines his credibility with these baseless posts. Shame really.

bernie the dolt

you were the fool a while back questioning the significance of the rothschilds within abx barrick

something a much more clued up poster took the time to research and head you in the right direction

shut it if you don't know what you're talking about

and you don't

cheers!