When gold hits a significant price then you sell it and buy other safe assets, during the hyperinflation in post first WW1 Germany a young man bought a small Bavarian hotel for a single 1oz gold coin, that hotel is still in the ownership of the family of the buyer.
Let's just imagine that govts were gonna confiscate PM's from the public. I bet the first place their gonna start looking are internet sites such as this one. Ooh that's a nice stack , let's pay this person a visit.
It is worth noting that the Executive order in 1933 was the least complied with law in US history. Many people just buried their gold and waited until it was decriminalised in the 1970s
During the U.S. gold confiscation, thousands buried their gold and silver in mason jars around their property or other discreet places. And eventually, they died without revealing its whereabouts...
If there's even a small chance for confiscation, it's a good conversation to have. One thing I've been hearing about lately is Investment grade jewelry; it may also be easier to fly under the radar with wearable gold that doesn't require you to be a licensed "collector" or pay additional taxes... I'd be interested in hearing your thoughts on the Mene business model that is currently doing exactly this. Acknowledging that the individual kind of collector is the deciding factor. i.e. collectible/numismatic coin collecting, just gold round collecting, and/or people who collect anything gold. But diversity of investments, even though it's all gold, does seem to have value.
They likely wont “confiscate” it....but they dont need to confiscate it in order to effectively shut down any market that might begin to build up using gold and silver in place of a government issued currency. All the government has to do is place themselves between you and the goods and/or services needed. It would be much easier for them to take control of the food and supply shipments into a particular area, and as a result of doing so they would have then eliminated any short term use of the gold/silver. I still stack gold and silver for some other reasons, but the governments are determined to protect their currencies and the resulting control
Jewelers were allowed to own good for manufacturing when the US confiscated gold. Having ones gold turned into low labor jewelry could be a good storage solution. Have some big bangle bracelets made and some very simple rings.
Hi Just found and subscribed to your site. Great topic. When younger and in Uk. I went throu the process of obtaining a Gold collectors licence. After obtaining it the Government dropped the Requirement. I was only in my Teens but very Peeved..! No such issue in Oz, thankfully. Enjoyed your site and info. Cheers kim Downunder
Luckily I'm quiet insignificant when it comes to wealth, sounds stressful having too much worth taking! But yet another reason to stay under the radar. Cheers for the video
Not if your "government" honors the fifth amendment to the Constitution which says that "private property shall not be taken for public use without just compensation". Your gold and silver is your private property.
There has been many news articles released recently about precious metals traders at large banks being criminally prosecuted for the rigging of precious metals prices and the large banks also having to pay large fines for doing so. Yet, the rigging of prices is allowed to continue with no intervention by the government. Couldn't the artificially low prices via criminal manipulation be seen as a form of confiscation?
I see it as if a coin or item is widely valued at more than it's metal content it's deemed as collectable as it's value is in the item more than having it melted. If you're trading something you tend to seek to sell it in a way which gives you the most value but that also means the precious metal can be seen as more useful alone than it is as part of a decoration or rarity. It could be seen either way I guess. Just my thoughts though.
You made a lot of good points there Sir. I don't own any precious metals nor am I an expert on the topic, however, you did ask for our opinions and here is mine. I do think it very likely that the government will confiscate gold, it's only a question of when. Given that fiat currency is now debased by 95-98% of it's original value(according to Mike Maloney) and that the U.S. Federal Reserve Bank( a private corporation ) is running out of tools to prop up the currency this is enough along with all the other experts sounding the warnings of economic collapse to covince me that sooner than later it's going to happen. The government is going to have to reset the currency which means that to restore confidence, they will need to at least back it partially on gold. Regarding coinage specifically, is it not currency and don't governments have the legal right to confiscate it based on the fact that it is issued by them? Also, am I mistaken to assume that one would only be reimbursed the face value of that coinage? I would agree that your'e absolutely right about the fact that there will be a record of all precious metal purchases whether paper or digital. In addition, what's to stop the government or any other criminal group from coming after you and your gold even if you have it stored in some third party vault under a mountain guarded by ex-special forces. Actually, this third party vault business seems like a really simple way for unethical greedy people to aggregate and abscond with ones hard earned wealth and high tail it into hiding on some tropical island in the South Pacific. If you think that unlikely just look at what hapened in WW1&2 and other wars including recent wars in the middles east. The government itself would like have thier confiscatory staff waiting at the private vault door just prior to their official announcement of the confication. This would not give you any chance of getting it out. Someone once said ...lay not up for yourselves treasures on earth, where moth and rust does corrupt, and where thieves break through and steal: Investing in productive land where something of real value and be produced and exchanged for whatever the currency of the day is.
That 'someone' was Jesus and he finished by saying "store up for yourselves treasure in heaven where no man can steal it away." (Can't take it with you)
It's not going to happen to us because we have selective memories when "the man" comes knocking at the door. In the UK take a lesson from "House of Cards" .... "Ohh ... I couldn't possibly comment on that!"
I don’t think the average collector needs to worry . Should a gold standard return; I would imagine it’s purpose to be an inter bank security platform for trading between central banks. Central banks may in future require a universal currency for general settlements, one without the risks of a host countries fiat instabilities. The future of cash for the average person is sadly likely to be 100% digital whether we want it or not.
@@BackyardBullion There would be no transaction record if you had inherited the gold as many might do. Also, if you had bought gold and there was a transaction record you may have lost or had the gold stolen You could have given it away as a gift to someone and maybe you could have used it to buy something with as you might do with any coin or currency. In the unlikely event that a Government wanted to remove gold from people I would imagine they would find so many obstacles in their way that the time & effort involved in the enterprise would far outweigh any gain. Anyway, thanks for your videos, they are very informative.
I can list 100 ways to hide it I. Plain sight forget coins. Bars. Melt it down turn into a pipe thread it and use them as plumbing pipes maybe a lil paint job over them. Throw some platinum in it get a nice white gold stamp it silver. Send it to a bank in a different country like they did with the silver Morgan’s. Basically you gotta be 3 steps ahead of everybody all the time!
They will go with an electronic, block chain style currency so that they can know what everyone's transactions are on everything. Too much cash in circulation for a gold standard again, even fractional. IMHO. Silver is industrial and used in many products including electronics in large quantities. Are they going to take all of our solar panels too..
So in 1971 the USA totally separated currency from the Gold Standard. So what backs the value of the $$$$!$$$$$$? How do pay other countries debt? Weapons? Technology? We don’t got oil to trade! Can somebody explain this to me!!!
Government talking about confiscating firearms from people in Virginia, USA. If they're willing to try and take guns they will for sure take your gold and silver.
People get very enthusiastic about new releases and are willing to pay huge premiums, (i.e. 2019S ERP Eagle). In the fullness of time, all "made for collector" coins return to their natural value of spot. I am currently buying proof sovereigns from the '79 to '99 and Canadian proof 99999 $350 gold coins from 1998 to 2004, both at spot + 2%. Don't worry about the government taking your money, worry about those premiums disappearing.
Hi BB. The American Buffalo has a much smaller mintage than most Pre-33 US $20 gold pieces. It is more collectible in my opinion. All the gold I ever bought has gone to drug dealers to support my bad habit. So I have no gold to be confiscated. *:-)*
If You buy through private dealers, there is no paper trail. I have a lot of lead bonded with copper guarding My Silver. If You come and take it, bring Your own body bags.
You really think there would not be any records!? No way. Also, what are the body bags for, yourself? You think it would go another way if someone came to your door and you started shooting at them!?
Here in the US, I buy from my local coin shop with cash, and as long as the transaction is less than $10K, there is absolutely no record kept. My local guy doesn't even know my name! And he knows not to ask either. No kidding.
Any old iron...... ? Or any old gold in this case. Another example of gold confiscation was in WW2 when the Nazi’s occupied countries they forced Jewish communities to hand over as much gold as they had. And effectively blackmailing them making them meet a certain criteria. That is the most extreme case of gold confiscation I can think of. I saw it in the film ‘Scarlet and the Black’ with Gregory Peck and Christopher Plumber.
@Max Bowen Right first he's coming for our freedom, our firearms and our money then once the government runs out of money then they will come for the gold and silver.
@Max Bowen Oh yeah he's practically harmless now since the DNC basically neutered him, but there will come a time when a bernie sanders like figure catches on and actually wins the presidency and then stack congress in his favor.
Times have changed, now it would be a banking holiday during which a cyprus style haircut would be applied to your account balance. Zero effort for the government yielding far more than running around trying to find precious metals.
No, the govt will not be directly confiscating gold or silver in the 21st century. Consider the measly amount of value gold and silver have in the asset pyramid, a tiny amount. If collapse of fiat currency occurs, govt will utilize all networks and block use of gold and silver as money, forcing use of replacement currency. This will birth mainstream black market and govt ability to penalize use of PMs. That is if social structure remains with the burden of the solar minimum and its effect becoming more apparent. Everything changes when the normality of calorie availability diminishes.
If confiscation happened before then of course the probability of it happening again is great. Buy some of all types then you hedge your risk. That is the answer. Of course always get a good deal on whatever you buy. Coin dealers want to make gain from you. Be on guard for them suggesting you buy some fabulous deal they have. Ultimately most coin dealers are like used car salesmen.
I ain't got any, but I would like to see them try, its there own fault for selling off our reserves tothe very low point. .. but not a chance would i be so stupid to to turn it in. The only thing I would like to see if it did to offer more for the gram
I would be sent to prison and I would still have my gold ifhad any, because unless otherwise beating the living s#*t out of me and tortured, then there not having jack s*#t of my stuff when they should have kept the supply they had.. but it's all hypothetical subject anyway, but it really is becoming increasingly a world where it's possible nowadays. ...!! ✌👊👌
@@BackyardBullion They would have to start building many more prisons, and right now the prisons are already full. In my county, they have new prisoners sleeping on cots because they have no cells for them. Use your imagination and see if you can visualize how many people with G&S that won't give it up go to prison, it would be a nightmare for the government. Same thing for guns, etc., they don't have the room, the finances, or ability to manage the vast number of new prisoners!
Could you please do a ideology on the European mint that you mentioned as I am having difficulty in believing you dont pay the 20% tax, it seems crazy. Thanks mate, peace
What do you mean, ideology? You don't pay the 20% tax because Estonia has 0% on silver and we enjoy free movement of goods within the EU right now which means you can have it imported to the UK without additional taxes....it's that simple really!
@@BackyardBullion I mean the idea of not paying the tax is new to me what with the 20% I pay. Its hard for me to get my head around it, sorry if I confused yku I didn't sleep for 31 hours when I send you the message
I think you are definitely over estimating (potentially international) government departments and records to communicate to each other accurately and in unison to pinpoint who has bought what over decades. Have you never dealt with the taxman or NHS for example? - administratively they do not know their ass from their elbow.
Chances are very slim however if this does happen then I think we all will be asking a reason why our ‘investment’ and ‘pension’ pot has been taken away from us! The UK government is terrible with our pension as it is! However bring it on as this is my savings and my investment 🖕I’m sure all MPs and Governments officials have their investments and pensions covered!!! But we will have to give it up I guess!!
@@BackyardBullion Depends ultimately on the wealth to time ratio, What's your stash worth to how much time it would cost you. Remember, government are parasites and tax is the visible method of wealth transfer from the many to the few and printing fiat is a hidden method, As you know, so it's just playing them at their own game
Backyard Bullion with my plastic shovel ? No not at all , I was kidding lol If they want my stuff they’ll take it ... but I do have a lot of faith in my Canadian government that they’ll do it in at a fair exchange rate , not at all concerned about this issue here 😎
A lot of my neighbors to the south I bet 😜 Each their own I guess ... I would love to see some of the deals on precious metals up here in Canada they get in the US Even our biggest dealers have a hard time competing with American prices. BUT we're re tax free up here, they no longer have that luxury. 🇨🇦🇨🇦🇨🇦🇨🇦
U.S. mintages are covered by law . The government warranties it and if they catch you with it , it had better be genuine . I would imagine the queen can do what ever she wants with hers too . Don't think she needs your sterling but you never know . . . Lol . Thanks
Lol i think subject may provoke unfair answers because no one will willingly give up there anything so i think subject today is not realistic at this point of people having hard time buying food let alone give up last of gold or silver is laughable
I love it when some people say they would shoot anyone that came to take their gold. Not going to happen and if it did it would not actually end well at all!
🤔if no one KNOWS you got pm , Whats the problem then ??? Keep it quiet... Hide it some where only you know and so it proberbly and DONT put all your eegs in One bascket...
i give my gold all away to the illegals crossing our border, they need our help! they are people too. you all should give your gold to them also. it's common property
Smart people work for gold and stupid people work for paper :-))) If I have a factory that brings me good income and that's why I bought a lot of gold. If someone wants to confiscate it, I will throw it into the sea and destroy the factory, creating unemployment.
Public do hold gold, and a decent amount of gold that is around 15% of British people but its the British/Asians who have a good amount of the gold, and I am telling you this they have more of a chance to keep theirs due to a good 50% that's brought it back from there mother land, and I am honest the gold is purer quality, and a higher value of carat, I am sure that the public sector hold around a percentage of 11% of the amount that we sold out on ourselves, just like the way we sell everything from people's blood from our plasma stock reserve, I would never be supprised to what the government comes out with... because it's not going to be long before they are doing something along these lines and become a Hitler type # selfish government
Western governments have very little interest in gold and silver and as such, are selling them to anyone interested in buying. Individuals, on the other hand, can benefit from ownership in the event of a currency collapse.
I rather through all my metal in a river before the gov took it.
Unfortunately, all of my silver was lost in that tragic boating accident....
Same here!
It’s crazy how many boating accidents there are. I lost all of my guns in one as well...
Hahahahaha
Serious
The real problem is the govt could prohibit sales or highly tax all bullion
Pre 33 probably safer
Pirates
In America the general consensus would be "You can have my gold after you take my guns"
ScottsGunChannel1 And you can have my guns, bullets first, they say.
If they come for all of our gold and all of our silver, they should be prepared for all of our lead too!🇺🇸
When gold hits a significant price then you sell it and buy other safe assets, during the hyperinflation in post first WW1 Germany a young man bought a small Bavarian hotel for a single 1oz gold coin, that hotel is still in the ownership of the family of the buyer.
Really? Interesting
they'll have to find it first
Well, if they don't they can and probably will prosecute you!
@@BackyardBullion Why are you such a melt?
Not sure what you mean Matt, why would I want to put the middle finger up to people that could put me on prison!?
@@BackyardBullion Because its yours and they can only get away with what you're willing to let them get away with.
Let's just imagine that govts were gonna confiscate PM's from the public. I bet the first place their gonna start looking are internet sites such as this one. Ooh that's a nice stack , let's pay this person a visit.
I would just hang my gold coins on the Christmas Tree and pass it has chocolate coins. That should fool them! ;)
Fingers crossed it would!
You're gonna need a tree with some strong branches!
It is worth noting that the Executive order in 1933 was the least complied with law in US history. Many people just buried their gold and waited until it was decriminalised in the 1970s
During the U.S. gold confiscation, thousands buried their gold and silver in mason jars around their property or other discreet places. And eventually, they died without revealing its whereabouts...
This is why we have and need to keep fighting for the right to bear arms.
If there's even a small chance for confiscation, it's a good conversation to have. One thing I've been hearing about lately is Investment grade jewelry; it may also be easier to fly under the radar with wearable gold that doesn't require you to be a licensed "collector" or pay additional taxes... I'd be interested in hearing your thoughts on the Mene business model that is currently doing exactly this.
Acknowledging that the individual kind of collector is the deciding factor. i.e. collectible/numismatic coin collecting, just gold round collecting, and/or people who collect anything gold. But diversity of investments, even though it's all gold, does seem to have value.
They likely wont “confiscate” it....but they dont need to confiscate it in order to effectively shut down any market that might begin to build up using gold and silver in place of a government issued currency.
All the government has to do is place themselves between you and the goods and/or services needed. It would be much easier for them to take control of the food and supply shipments into a particular area, and as a result of doing so they would have then eliminated any short term use of the gold/silver. I still stack gold and silver for some other reasons, but the governments are determined to protect their currencies and the resulting control
They have a number of tactics and tools available to them I recon. Thanks for sharing your thoughts on the subject
there's not enough of them thank fu*k
Jewelers were allowed to own good for manufacturing when the US confiscated gold. Having ones gold turned into low labor jewelry could be a good storage solution. Have some big bangle bracelets made and some very simple rings.
i would eat it all before they could get it.
They would wait for it to be brown gold....
Hi Just found and subscribed to your site. Great topic.
When younger and in Uk. I went throu the process of obtaining a Gold collectors licence. After obtaining it the Government dropped the Requirement. I was only in my Teens but very Peeved..!
No such issue in Oz, thankfully.
Enjoyed your site and info.
Cheers kim Downunder
First of all, they need to know that I possess some gold
Well, now you have written this they do!
@@BackyardBullion I could have sold it. There is no way to prove I still own the gold that I purchased couple of years ago:P
@@jakub2190 Unfortunately, the left has perverted the law. Instead of innocent till proven guilty we are now guilty until we prove our innocense.
@@silvermagnolia7610 true
Jakub Svoboda I don’t have any gold. What the hell is gold?
The most valuable metal? Lead. Can b easily shaped and molded into a small projectile that can cause death to sum1 trying to take my food or goods
Hmm, not really though. What happens if you do this when people with bigger or more guns come along!? Nothing, you lose, good day sir!
Backyard Bullion Sort of like when Russia tried it in Afghanistan? Gotcha.
Luckily I'm quiet insignificant when it comes to wealth, sounds stressful having too much worth taking! But yet another reason to stay under the radar. Cheers for the video
It certainly has it's benefits being low down on that money scale, finding the right balance can be key 😉
Not if your "government" honors the fifth amendment to the Constitution which says that "private property shall not be taken for public use without just compensation". Your gold and silver is your private property.
There has been many news articles released recently about precious metals traders at large banks being criminally prosecuted for the rigging of precious metals prices and the large banks also having to pay large fines for doing so. Yet, the rigging of prices is allowed to continue with no intervention by the government. Couldn't the artificially low prices via criminal manipulation be seen as a form of confiscation?
I see it as if a coin or item is widely valued at more than it's metal content it's deemed as collectable as it's value is in the item more than having it melted.
If you're trading something you tend to seek to sell it in a way which gives you the most value but that also means the precious metal can be seen as more useful alone than it is as part of a decoration or rarity. It could be seen either way I guess. Just my thoughts though.
Thanks for sharing your thoughts - it's quite interesting to decide what is collectable and what is not
You made a lot of good points there Sir. I don't own any precious metals nor am I an expert on the topic, however, you did ask for our opinions and here is mine. I do think it very likely that the government will confiscate gold, it's only a question of when. Given that fiat currency is now debased by 95-98% of it's original value(according to Mike Maloney) and that the U.S. Federal Reserve Bank( a private corporation ) is running out of tools to prop up the currency this is enough along with all the other experts sounding the warnings of economic collapse to covince me that sooner than later it's going to happen. The government is going to have to reset the currency which means that to restore confidence, they will need to at least back it partially on gold. Regarding coinage specifically, is it not currency and don't governments have the legal right to confiscate it based on the fact that it is issued by them? Also, am I mistaken to assume that one would only be reimbursed the face value of that coinage?
I would agree that your'e absolutely right about the fact that there will be a record of all precious metal purchases whether paper or digital. In addition, what's to stop the government or any other criminal group from coming after you and your gold even if you have it stored in some third party vault under a mountain guarded by ex-special forces. Actually, this third party vault business seems like a really simple way for unethical greedy people to aggregate and abscond with ones hard earned wealth and high tail it into hiding on some tropical island in the South Pacific. If you think that unlikely just look at what hapened in WW1&2 and other wars including recent wars in the middles east. The government itself would like have thier confiscatory staff waiting at the private vault door just prior to their official announcement of the confication. This would not give you any chance of getting it out. Someone once said ...lay not up for yourselves treasures on earth, where moth and rust does corrupt, and where thieves break through and steal: Investing in productive land where something of real value and be produced and exchanged for whatever the currency of the day is.
Thanks for sharing your thoughts on the subject!
That 'someone' was Jesus and he finished by saying "store up for yourselves treasure in heaven where no man can steal it away." (Can't take it with you)
It's not going to happen to us because we have selective memories when "the man" comes knocking at the door. In the UK take a lesson from "House of Cards" .... "Ohh ... I couldn't possibly comment on that!"
No sir, I have no idea what happened to all my gold, it just vanished!
I don’t think the average collector needs to worry . Should a gold standard return; I would imagine it’s purpose to be an inter bank security platform for trading between central banks. Central banks may in future require a universal currency for general settlements, one without the risks of a host countries fiat instabilities. The future of cash for the average person is sadly likely to be 100% digital whether we want it or not.
I agree totally my friend, thanks for sharing your thoughts!
Rather obvious question, but how would the Government know you had any gold?
They would know, easy for them to find out transaction records.
@@BackyardBullion There would be no transaction record if you had inherited the gold as many might do. Also, if you had bought gold and there was a transaction record you may have lost or had the gold stolen You could have given it away as a gift to someone and maybe you could have used it to buy something with as you might do with any coin or currency. In the unlikely event that a Government wanted to remove gold from people I would imagine they would find so many obstacles in their way that the time & effort involved in the enterprise would far outweigh any gain. Anyway, thanks for your videos, they are very informative.
If you inherit the gold it would be part of probate and would be recorded.
@@BackyardBullion Well, I suppose officialy it should be recorded in probate, but in reality I expect it isn't always.
GGGGGGrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr! I learned that from my dog.
Nice, what kind of dog
@@BackyardBullion Pit and chihuahua. She is small but don't test her. That growl has a bite to it. LOL..
I can list 100 ways to hide it I. Plain sight forget coins. Bars.
Melt it down turn into a pipe thread it and use them as plumbing pipes maybe a lil paint job over them. Throw some platinum in it get a nice white gold stamp it silver. Send it to a bank in a different country like they did with the silver Morgan’s.
Basically you gotta be 3 steps ahead of everybody all the time!
Wow I just hit 1030 Supported!!!
And
Happy Holidays my friends & Family's!!!
Nice one, same to you my friend!
You can buy it using your foreign address, once delivered you export it to your actual address/country.
They will always know, they will always know.
They will demand you return it, and if you don't you could go to jail.
Any idea how the Bexit vote will affect precious metal prices in the UK?
They will go with an electronic, block chain style currency so that they can know what everyone's transactions are on everything. Too much cash in circulation for a gold standard again, even fractional. IMHO. Silver is industrial and used in many products including electronics in large quantities. Are they going to take all of our solar panels too..
So in 1971 the USA totally separated currency from the Gold Standard.
So what backs the value of the $$$$!$$$$$$?
How do pay other countries debt?
Weapons? Technology? We don’t got oil to trade!
Can somebody explain this to me!!!
What do you mean we don't have oil to sell? LMAO OIL is one our highest exports..... Research a little for fukcs sake.
US constitutional silver or gold will be the only thing not confiscated because it is the world reserved currency.
I wonder what would be if we never left the gold standard.
We been left the gold standard if I’m correct?
the country would be the greatest economic superpower ever
Government talking about confiscating firearms from people in Virginia, USA. If they're willing to try and take guns they will for sure take your gold and silver.
People get very enthusiastic about new releases and are willing to pay huge premiums, (i.e. 2019S ERP Eagle). In the fullness of time, all "made for collector" coins return to their natural value of spot. I am currently buying proof sovereigns from the '79 to '99 and Canadian proof 99999 $350 gold coins from 1998 to 2004, both at spot + 2%. Don't worry about the government taking your money, worry about those premiums disappearing.
Hi BB. The American Buffalo has a much smaller mintage than most Pre-33 US $20 gold pieces. It is more collectible in my opinion. All the gold I ever bought has gone to drug dealers to support my bad habit. So I have no gold to be confiscated. *:-)*
I would agree - but it tends to be older coins that have the higher collectability
I hope I getting Silver & Gold for Christmas this year!!! :D
Hopefully!
“Is it safe?” “Is what safe?”
Owning gold and silver
If You buy through private dealers, there is no paper trail. I have a lot of lead bonded with copper guarding My Silver. If You come and take it, bring Your own body bags.
You really think there would not be any records!? No way. Also, what are the body bags for, yourself? You think it would go another way if someone came to your door and you started shooting at them!?
What Gold and Silver? The government already took it in the 1930's...
Well, yes but then it has been diseminated out again since the 1970's
Here in the US, I buy from my local coin shop with cash, and as long as the transaction is less than $10K, there is absolutely no record kept. My local guy doesn't even know my name! And he knows not to ask either. No kidding.
I wonder if they have such shops in the UK?
Any old iron...... ?
Or any old gold in this case.
Another example of gold confiscation was in WW2 when the Nazi’s occupied countries they forced Jewish communities to hand over as much gold as they had. And effectively blackmailing them making them meet a certain criteria. That is the most extreme case of gold confiscation I can think of.
I saw it in the film ‘Scarlet and the Black’ with Gregory Peck and Christopher Plumber.
the communist will, just vote for bernie! lol feel the bern
@Max Bowen Right first he's coming for our freedom, our firearms and our money then once the government runs out of money then they will come for the gold and silver.
@Max Bowen oh you changed your profile pic, not really he's just one of evils that must not be allowed to take root.
@Max Bowen Oh yeah he's practically harmless now since the DNC basically neutered him, but there will come a time when a bernie sanders like figure catches on and actually wins the presidency and then stack congress in his favor.
Times have changed, now it would be a banking holiday during which a cyprus style haircut would be applied to your account balance. Zero effort for the government yielding far more than running around trying to find precious metals.
Totally agree, they would have better luck going after digital assets not physical ones
Im sure that Lynette Zang said that gold coins before the 1930s was a safe collection coin an is much less likely to be taken away ...
Oh shucks. I lost all mine.
Yes, same here!
They confiscated it before they can do it again.
"I lost it, sorry."
No, the govt will not be directly confiscating gold or silver in the 21st century. Consider the measly amount of value gold and silver have in the asset pyramid, a tiny amount. If collapse of fiat currency occurs, govt will utilize all networks and block use of gold and silver as money, forcing use of replacement currency. This will birth mainstream black market and govt ability to penalize use of PMs. That is if social structure remains with the burden of the solar minimum and its effect becoming more apparent. Everything changes when the normality of calorie availability diminishes.
I totally agree, it would not even scratch the surface to take all the gold and silver. Always a pleasure to hear from you my friend!
On a Scale of 1 to 10...I give it only a 3...Things would have to get pretty bad! But ya never know???
Well , they take our kids, money, and liberty. Why would you question gold and silver?
Over my dead fucking body....
awesome gold queen beast collection man😍😍
Good aren't they!
Sold it all at a local coin show for cash . No record no receipt. Sorry governor.
Possible to argue this but they might ask you what you did with the cash 😉
@@BackyardBullion Lost it in a card game!
I am sure you will hear this again. "ONLY FROM MY COLD, DEAD FINGERS" PS, , , We are nowhere near being civilised ! Great post my friend.
Thanks my friend, the problem is that they will and can make that happen!
@@BackyardBullion Smoke and mirrors my friend. Have a bit in a fire safe or? they can access and have the rest put somewhere else.
Would be bad for the bullion companies! Guess they would need to Rev up their looking campaign!
Wouldn't be still in the country
Emigrate with your gold then!?
Not quite but would be on my boat heading south
If confiscation happened before then of course the probability of it happening again is great. Buy some of all types then you hedge your risk. That is the answer. Of course always get a good deal on whatever you buy.
Coin dealers want to make gain from you. Be on guard for them suggesting you buy some fabulous deal they have. Ultimately most coin dealers are like used car salesmen.
Come & find it....
I am sure they will!
I ain't got any, but I would like to see them try, its there own fault for selling off our reserves tothe very low point. .. but not a chance would i be so stupid to to turn it in. The only thing I would like to see if it did to offer more for the gram
You would put up resistance and get sent to prison potentially!?
I would be sent to prison and I would still have my gold ifhad any, because unless otherwise beating the living s#*t out of me and tortured, then there not having jack s*#t of my stuff when they should have kept the supply they had.. but it's all hypothetical subject anyway, but it really is becoming increasingly a world where it's possible nowadays. ...!! ✌👊👌
@@BackyardBullion They would have to start building many more prisons, and right now the prisons are already full. In my county, they have new prisoners sleeping on cots because they have no cells for them. Use your imagination and see if you can visualize how many people with G&S that won't give it up go to prison, it would be a nightmare for the government. Same thing for guns, etc., they don't have the room, the finances, or ability to manage the vast number of new prisoners!
Anyone know were i can get gold coins in the ul
Uk
Could you please do a ideology on the European mint that you mentioned as I am having difficulty in believing you dont pay the 20% tax, it seems crazy. Thanks mate, peace
What do you mean, ideology? You don't pay the 20% tax because Estonia has 0% on silver and we enjoy free movement of goods within the EU right now which means you can have it imported to the UK without additional taxes....it's that simple really!
@@BackyardBullion I mean the idea of not paying the tax is new to me what with the 20% I pay. Its hard for me to get my head around it, sorry if I confused yku I didn't sleep for 31 hours when I send you the message
@@BackyardBullion I'm itching to spend 5k on silver.
It's OK buddy, welcome to the new way of buying silver! It is all legitimate and if you haven't seen my unboxing videos you should watch them!
@@BackyardBullion a gold bullion coin of iron maidens mascot Eddie would be awesome.
I wouldn't put anything past the uk government
Yep, especially now.
What gold and silver? That too was lost in the tragic boating accident which claimed all my guns.
Crazy how many boating accidents have happened.
Well they can sure try. But they won't get it
They will try very hard and likely will get it I fear!
they try to take my money i will kill them
I aint got any PM's - I SOLD IT ALL to the guy down the PUB! ;-)))
BTW he didnt give me a receipt
And it wasn't me that bought them 😉
Oh yeah, I sold all of mine to that guy too! I think his name was Rich.
Collect what you like so if everything goes to shit you at least have something you like
I think you are definitely over estimating (potentially international) government departments and records to communicate to each other accurately and in unison to pinpoint who has bought what over decades. Have you never dealt with the taxman or NHS for example? - administratively they do not know their ass from their elbow.
Chances are very slim however if this does happen then I think we all will be asking a reason why our ‘investment’ and ‘pension’ pot has been taken away from us! The UK government is terrible with our pension as it is!
However bring it on as this is my savings and my investment 🖕I’m sure all MPs and Governments officials have their investments and pensions covered!!! But we will have to give it up I guess!!
Silver n gold bullets
They have to find it to take it.
They will try very hard!
Would you let them?
If it was that or go to prison, yes!
@@BackyardBullion if your bullion is privately vaulted how does government find it?
They will prosecute you if you don't hand it over, so what's the point!?
@@BackyardBullion Depends ultimately on the wealth to time ratio, What's your stash worth to how much time it would cost you. Remember, government are parasites and tax is the visible method of wealth transfer from the many to the few and printing fiat is a hidden method, As you know, so it's just playing them at their own game
@@BackyardBullion Hey, do you collect bullion? just curious
I have a hockey stick and a big shovel to protect my stack , bring it on government tanks and troops !!
Wow, you think you will get far with that strategy!?
Backyard Bullion with my plastic shovel ?
No not at all , I was kidding lol
If they want my stuff they’ll take it ... but I do have a lot of faith in my Canadian government that they’ll do it in at a fair exchange rate , not at all concerned about this issue here 😎
Good to hear, you would be surprised how many people in this comment section are saying they would defend their gold with guns.
A lot of my neighbors to the south I bet 😜
Each their own I guess ...
I would love to see some of the deals on precious metals up here in Canada they get in the US
Even our biggest dealers have a hard time competing with American prices.
BUT we're re tax free up here, they no longer have that luxury. 🇨🇦🇨🇦🇨🇦🇨🇦
@@ostapshchurko3089 faith in a government.....???
A Trudeau government??
U.S. mintages are covered by law . The government warranties it and if they catch you with it , it had better be genuine . I would imagine the queen can do what ever she wants with hers too . Don't think she needs your sterling but you never know . . . Lol . Thanks
Don't they have to take your GUNS to take your Gold and Silver ???
Lol i think subject may provoke unfair answers because no one will willingly give up there anything so i think subject today is not realistic at this point of people having hard time buying food let alone give up last of gold or silver is laughable
I love it when some people say they would shoot anyone that came to take their gold. Not going to happen and if it did it would not actually end well at all!
What pm never heard of such a thing??
Me neither I do hand poured white metal!
REMEMBER 1933!
Different world now, unlikely to happen again
Well chit would this include jewelry too🤪
Possible, but most of the time jewellery would be exempt
@@BackyardBullion 😋
BYB where is the bodybuilder lion , good video thanks
I have it in a different capsule, just didn't bring him out, he is in the gym 😉
@@BackyardBullion cool , I no longer body build but I did for 28 years
The mark of Mortimer!?
🤔if no one KNOWS you got pm , Whats the problem then ???
Keep it quiet...
Hide it some where only you know and so it proberbly and DONT put all your eegs in One bascket...
They will always know if you have metals, how do you pay for your metals!? They will know.
That would be cash only .
i give my gold all away to the illegals crossing our border, they need our help! they are people too. you all should give your gold to them also. it's common property
I give it away as gifts for weddings and I used what's left to pay off my drug dealer.
Smart people work for gold and stupid people work for paper :-)))
If I have a factory that brings me good income and that's why I bought a lot of gold. If someone wants to confiscate it, I will throw it into the sea and destroy the factory, creating unemployment.
I also invest in lead!
Yeah trump, take his golden lift then see how he feels onit then, UK sold most of there supply off a while back
Yes we did, but the UK citezens have gold still!
Public do hold gold, and a decent amount of gold that is around 15% of British people but its the British/Asians who have a good amount of the gold, and I am telling you this they have more of a chance to keep theirs due to a good 50% that's brought it back from there mother land, and I am honest the gold is purer quality, and a higher value of carat, I am sure that the public sector hold around a percentage of 11% of the amount that we sold out on ourselves, just like the way we sell everything from people's blood from our plasma stock reserve, I would never be supprised to what the government comes out with... because it's not going to be long before they are doing something along these lines and become a Hitler type # selfish government
Western governments have very little interest in gold and silver and as such, are selling them to anyone interested in buying. Individuals, on the other hand, can benefit from ownership in the event of a currency collapse.