Well! You thank the scoundrels in Congress. When they started expanding the power of the Fed and started covering up for criminal behavior by certain large money center banks and their officers, you knew the "Fix" was in and some of these banks own a good number of foreign governments via their loans, etc. Wasn't it Jefferson who once said "A central bank is more dangerous than a standing army......"? Well! I'd say he hit the nail on the head!

On 4/5/1933, Franklin Roosevelt issued Executive Order 6102, which basically made owning all but a small portion of gold illegal. I kind of remember that even gold in safety deposit boxes was at risk of confiscation. I think a federal agent had to be present whenever a box was opened.

There is no safe place when Socialism takes hold. If you have something and someone else “needs” it, they have the “right” to take it.

For the Record "Barney Frank" Created this mess and then was called a Genius for the "Dodd Frank" crap to fix it all up...

Yep. Your deposits at a bank are THEIR assets, and can be converted to "stock shares" if they fail (meaning the stock will be worthless, and odds are you will get the OLD price, LOL).

That's why they DO NOT want cash transactions, and people keep cash at home. But if you don't you could be totally screwed!

We received our government Hush Money last Wednesday and don't even want any Gov. help other than for them to get the hell out of our way.
Given the way communism is coming back in favor both outside and inside the US I would feel much safer with a good supply of ammo over a good supply of precious metals. When the SHTF and you buy a loaf of bread with your $1700 $50.00 gold coin how will the vendor give you change? If you trade your $50.00 coin at the bank it has a face value of exactly $50.00 and they are obligated to give you no more for it. I would trade a brick of .22LR ammo for every gold coin you have. We live in the country that is the Top Dog in the pack right now and no other country is satisfied being second.

Yes, was aware many years ago...I elected to stop all direct deposits, changed my savings to a UTM account, (under the mattress) and only put in what I need to pay the bills...everyone thought I was crazy back in 2012 when I made that decision.

Dodd-Frank needs to be overturned. Even Bahney Flank knew it was a bad law.

I also remember a stastic from somewhere that estimated that only half of the gold held was turned in. I think the going rate was $20/ounce of paper money for the gold.

Banks have owned both parties since 1913. The oldest established con game in America.

Yes. "Bail-ins" are a real thing...hard as it is to believe. Certainly something to ponder at this time...

Actually, I have not received my $1200 yet. IRS/gov has my autodeposit info. My girlfriend has gotten hers. What is the story out in the Gulch.

Dodd Frank is filled with interesting mechanisms. A friend of mine in the early 2000s' filed and claimed his "exemption" from The Corporation of The US. This was done through the Uniform Commercial Code. He reclaimed his sovereignty as a natural born citizen, as in prior to 1913. He became exempt from income taxation. Prior to 1913 only Federal employees were required to pay. With the passing of Dodd Frank the banks became nationalized. He happened to be working for US Bank at the time. His employment voided his exemption.

Regarding physical gold and silver holdings, the anti-hoarding laws, I assert, shall be used by the government to shore up holdings of banks .... in mutual interest, should the potential of a collapse ensue. Also these elements are now commodity in manufacturing and subject to the ups and downs of supply /demand in the electronics industry primarily. I don't think gold and silver can be used as an underpinning of a monetary system other than through belief. As long as a group agrees that this will be the medium of exchange and that a specified "amount" shall have a "specific" base value accepted in trade between dissimilar occupations it will work. I would, pardon the pun, have to weigh this against Fact versus Reality if I were to go shopping.