Some people have misread my posting on
an observation in Spain. The retail sales of gold coins in Spain was
virtually nonexistent. This is not a shortage of gold. In Italy there
were bullion coins being sold in stores. It is France that is after gold
coins demanding no cash sales and reporting on buyers and sellers. Even
the rare coin shows have left Paris for the dealers refused to comply
with such reporting. The French were driving to Belgium to deal in gold
and the French government was complaining about that.
Even the banks are requiring explanation of every deposit in an account to get mortgages in the USA. Gold refiners are now required to report even to the US government every shipment of gold reporting where it comes from and where it went.
They seem to be keen on watching gold bullion. The question is why? That seems to be clear from the stand point of eliminating any alternative if they seek to move toward a cashless society. Look at the former speaker of the House Dennis Hastert who has been charged with lying to federal agents and evading financial reporting requirements called STRUCTURING, reportedly while attempting to conceal past sexual misconduct. This is money you have paid taxes on, but you are withdrawing it in cash to pay off someone else. So you withdraw cash in amounts under $10,000 to avoid reporting. So this is NOT tax evasion, this is failing to tell the government you have paid someone else in cash and they didn’t pay their taxes.
So can they make gold illegal? Only a fool would say no. If it is illegal to pay someone in cash, they will make it illegal to pay someone in gold. This is the direction we are headed in. This is not a personal attack on gold and sure the gold promoters will say I am wrong for they are afraid it might reduce the whole idea of buying gold as an alternative to dollars. But this is the world we face. They are closing in the net from every possible angle. This is not just gold. This is hunting spare change in any form.
[…]
Will they confiscate? History repeats because the passion of man never change. We have to understand this is a economic meltdown. They will not go quietly into the light. They will scream and rage all the way.
http://armstrongeconomics.com/archives/33601
Even the banks are requiring explanation of every deposit in an account to get mortgages in the USA. Gold refiners are now required to report even to the US government every shipment of gold reporting where it comes from and where it went.
They seem to be keen on watching gold bullion. The question is why? That seems to be clear from the stand point of eliminating any alternative if they seek to move toward a cashless society. Look at the former speaker of the House Dennis Hastert who has been charged with lying to federal agents and evading financial reporting requirements called STRUCTURING, reportedly while attempting to conceal past sexual misconduct. This is money you have paid taxes on, but you are withdrawing it in cash to pay off someone else. So you withdraw cash in amounts under $10,000 to avoid reporting. So this is NOT tax evasion, this is failing to tell the government you have paid someone else in cash and they didn’t pay their taxes.
So can they make gold illegal? Only a fool would say no. If it is illegal to pay someone in cash, they will make it illegal to pay someone in gold. This is the direction we are headed in. This is not a personal attack on gold and sure the gold promoters will say I am wrong for they are afraid it might reduce the whole idea of buying gold as an alternative to dollars. But this is the world we face. They are closing in the net from every possible angle. This is not just gold. This is hunting spare change in any form.
[…]
Will they confiscate? History repeats because the passion of man never change. We have to understand this is a economic meltdown. They will not go quietly into the light. They will scream and rage all the way.
http://armstrongeconomics.com/archives/33601
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