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Posted: 1/4/2012 1:00:12 PM EDT
[Last Edit: 1/4/2012 1:01:20 PM EDT by South_Side_Shooter]
Who sees this coming down the pike if the economy takes another dive?

Link Posted: 1/4/2012 1:05:40 PM EDT
Link Posted: 1/4/2012 1:08:17 PM EDT
What would Guy on a Buffalo do?
Link Posted: 1/4/2012 1:22:42 PM EDT
Originally Posted By bowbender7:
What would Guy on a Buffalo do?


Put a stove on your foot.
Link Posted: 1/4/2012 1:28:40 PM EDT
Originally Posted By treefrog361:
Originally Posted By bowbender7:
What would Guy on a Buffalo do?


Put a stove on your foot.


Huh?
Link Posted: 1/4/2012 1:33:37 PM EDT
Wait until some oil exporting country decides it doesn't want the dollars we print willy-nilly.
Link Posted: 1/4/2012 1:35:01 PM EDT
I doubt they would ban possession outright. I can see them attempting to clamp down on the market though, maybe requiring all transactions to be reported.
Link Posted: 1/4/2012 1:39:14 PM EDT
Originally Posted By Aptrgangr:
I doubt they would ban possession outright.


They did before.
Link Posted: 1/4/2012 1:39:18 PM EDT
They can confiscate my gold . . . bullets first.
Link Posted: 1/4/2012 1:39:43 PM EDT
Originally Posted By DarnHippie:
Originally Posted By Aptrgangr:
I doubt they would ban possession outright.


They did before.


Back when gold was the legal backing for the currency. Now it's just another commodity.
Link Posted: 1/4/2012 1:41:24 PM EDT
Originally Posted By Snips:

Back when gold was the legal backing for the currency. Now it's just another commodity.


So?
Link Posted: 1/4/2012 1:48:50 PM EDT
Originally Posted By Snips:
Originally Posted By DarnHippie:
Originally Posted By Aptrgangr:
I doubt they would ban possession outright.


They did before.


Back when gold was the legal backing for the currency. Now it's just another commodity.


People are starting to use gold again for major transactions. Trump just did it for a piece of his property.

If a general trend starts, the .gov might see that as a threat to their legitimacy.
Link Posted: 1/4/2012 1:49:39 PM EDT
Originally Posted By South_Side_Shooter:
Originally Posted By treefrog361:
Originally Posted By bowbender7:
What would Guy on a Buffalo do?


Put a stove on your foot.


Huh?


Do a search for Guy on a Buffalo episodes.
Link Posted: 1/4/2012 1:51:10 PM EDT

Originally Posted By DarnHippie:
Originally Posted By Snips:

Back when gold was the legal backing for the currency. Now it's just another commodity.


So?

So... they did it because hoarding of gold causes economic stagnation when you're on the gold standard.

When we're not on the gold standard, the government doesn't care if we hoard it.
Link Posted: 1/4/2012 1:51:59 PM EDT
That was awesome.
Link Posted: 1/4/2012 1:52:31 PM EDT
Originally Posted By felrom:

Originally Posted By DarnHippie:
Originally Posted By Snips:

Back when gold was the legal backing for the currency. Now it's just another commodity.


So?

So... they did it because hoarding of gold causes economic stagnation when you're on the gold standard.

When we're not on the gold standard, the government doesn't care if we hoard it.


See my above post.
Link Posted: 1/4/2012 1:53:27 PM EDT

Hype, generated by those who want you to buy gold.


Link Posted: 1/4/2012 1:56:15 PM EDT
Originally Posted By theBUBBAMANcan:

Hype, generated by those who want you to buy gold.




Completely forgetting the fact that the dollar's value has been trending downward since we left the gold standard.
Link Posted: 1/4/2012 1:57:26 PM EDT
Originally Posted By South_Side_Shooter:
Originally Posted By theBUBBAMANcan:

Hype, generated by those who want you to buy gold.




Completely forgetting the fact that the dollar's value has been trending downward since we left the gold standard.


LOL
Link Posted: 1/4/2012 1:57:41 PM EDT

Originally Posted By DarnHippie:
Originally Posted By Aptrgangr:
I doubt they would ban possession outright.


They did before.

No they didn't. They removed gold from the money supply.



Link Posted: 1/4/2012 2:00:25 PM EDT
Originally Posted By Aptrgangr:

Originally Posted By DarnHippie:
Originally Posted By Aptrgangr:
I doubt they would ban possession outright.


They did before.

No they didn't. They removed gold from the money supply.
http://i1109.photobucket.com/albums/h438/aptrgangr/Executive_Order_6102.jpg




By assigning a criminal penalty to the simple fact of owning something, that IMO fits the criteria of a ban.

30rd magazines anyone?
Link Posted: 1/4/2012 2:02:22 PM EDT
Originally Posted By South_Side_Shooter:
Originally Posted By theBUBBAMANcan:

Hype, generated by those who want you to buy gold.




Completely forgetting the fact that the dollar's value has been trending downward since we left the gold standard.




My point is that this is not 1933 and I don't think we will see restriction owning gold by a gov't that is not backing our monetary system with it.

The gold salesmen always use Chicken Little tactics to convince people that they need to buy gold or they will starve to death when we become a modern equivalent of Weimar Germany. The scare tactics are very effective but not an honest assessment of what gold will do for them.

Link Posted: 1/4/2012 2:05:24 PM EDT
I don't see the .gov wanting to do this, but they certainly could if they wanted to. It affects interstate commerce.

Link Posted: 1/4/2012 2:11:29 PM EDT
[Last Edit: 1/4/2012 2:12:24 PM EDT by yavorssj]
I think this commercial is based upon a scene from the second book in the "Enemies, Foreign and Domestic" series by Matt Bracken.
Link Posted: 1/4/2012 2:12:21 PM EDT
Originally Posted By yavorssj:
I think this commercial i based upon a scene from the second book in the "Enemies, Foreign and Domestic" series by Matt Bracken.


Link Posted: 1/4/2012 5:06:09 PM EDT
Originally Posted By theBUBBAMANcan:
My point is that this is not 1933 and I don't think we will see restriction owning gold by a gov't that is not backing our monetary system with it.

The gold salesmen always use Chicken Little tactics to convince people that they need to buy gold or they will starve to death when we become a modern equivalent of Weimar Germany. The scare tactics are very effective but not an honest assessment of what gold will do for them.



What does it matter what people in our government want? The economy governed by those people doesn't produce as much as economies governed by foreigners. What if, hypothetically, we're in a 1930s kind of period, where contractual agreements for future payments can be jeopardized by complete failure due to war? The US government can print money until foreigners decide they want payment in other forms. We still need foreign energy resources to keep our economy going.

The USA is vulnerable to this risk.
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