Is Gold Confiscation Next?

The best things in life are dirty
And nothing in life is...
Better to own than dirty gold
The best things in life are filthy dirty
Hunks of gold, gold, gold

I imagine that my older readers will recognize these lyrics from Paint Your Wagon, a movie released in 1969. For those "youngsters" who would like to see Clint Eastwood and Lee Marvin singing in their own voices, this is the movie for you. (Please don't ask me who Clint Eastwood and Lee Marvin are. I don't want to talk to you.)

Except for King Midas, nobody has as much gold as they'd like. It has been the symbol of royalty and the measure of weath since before recorded history. It is the first of three gifts carried to Bethlehem by the wise men, and the object of desire in almost every pirate movie, and the central theme of at least one James Bond film. Gold! The value of which appears to skyrocket as the value of our worthless, fiat currency continues to plummet as it is hyperinflated with the full complicity of Congress.

Tyrants have confiscated gold so often it is a cliche. Cortez destroyed the Aztecs for it, the Germans pryed tiny pieces of it out of their victim's mouths in the concentration camps, and Franklin Delano Roosevelt pretended to make it illegal to own gold in 1933 with the passage of House Joint Resolution (HJR) 192. This website points out:

As a result of HJR 192, and from that day forward (June 5, 1933), no one in this nation has been able to lawfully pay a debt or lawfully own anything. The only thing one can do, is tender in transfer of debts, with the debt being perpetual. The suspension of the gold standard, and prohibition against paying debts, removed the substance for our common law to operate on, and created a void as far as the law is concerned. This substance was replaced with a "PUBLIC NATIONAL CREDIT SYSTEM" where debt is "LEGAL TENDER" money.

As the world economy continues to crumble, and European nations openly declare bankruptcy, one tyranical government is continuing the sterotype by prohibiting public exchange of this most precious of metals. I, for one, am not the least bit suprised that "China clamps down on gold trading frenzy".

Gold exchanges have mushroomed across China, from the northern port city of Tianjin to Guangxi bordering Vietnam, as spot prices in the precious metal have soared to record highs and speculation has boomed.

"No local authority, institution or individual is allowed to set up gold exchanges," said the notice dated December 20 and jointly issued by the People's Bank of China, the Ministry of Public Security and other regulators.

"Those who fail to study history are doomed to repeat it." Given our economic trajectory the farsighted person will ask themselves when the United States will insist that owning gold and/or silver is again illegal. In an attempt to make a game of this bleak inevitablity, I am starting a "confiscation pool" asking you to predict the day that precious metals are outlawed in this country. I am willing to award the winner ten ounces of silver if they pick the exact day, five ounces if they are within 7 days, and one ounce of silver within a month of the actual event.

You are only allowed to enter once, and you are not allowed to change your guess once you've "placed a bet". I will accept guesses until April 30th. Keep in mind that my giving you the silver and your acceptance of it will probably be considered a felony if you win. IN THE UNLIKELY EVENT that you select a date prior to the April 30th deadline, the person closest to the actual date will win the ten ounces of silver.

Please format your comments in this manner
A sentence or two giving the reason for your prediction. SWAGs are perfectly acceptable.

Lighting the fires of Liberty, one heart at a time!

Michael Badnarik

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