Can the government confiscate your gold? E.B. Tucker on 'the war against your wealth'
Vložit
- čas přidán 31. 05. 2024
- Ray Dalio, co-chief investment officer of Bridgewater Associates, recently wrote that policy makers short on money will likely raise taxes and prevent capital flows into “other assets” like gold and Bitcoin. E.B. Tucker, director of Metalla Royalty and author of “Why Gold, Why Now” said that the government already has the tools to do this.
“Everyone gets this idea that the [government] will raid your house and look for your gold. It’s not necessary. All you have to do is limit the ability to transact gold in the legal market, and then you assess an excise tax,” Tucker said.
0:00 - Gold confiscation
11:49 - Capital flows
16:35 - Wealth taxes
21:10 - Beating inflation
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit www.kitco.com/
Follow us on social media:
Facebook - KitcoNews/?r...
Twitter - / kitconewsnow
StockTwits - stocktwits.com/kitconews
Live gold price and charts: www.kitco.com/gold-price-today...
Live silver price and charts: www.kitco.com/silver-price-tod...
Don’t forget to sign up for Kitco News’ Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week: connect.kitco.com/subscriptio...
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
put your gold upstairs, BIden won't be able to take it.
LoL🤣
Underrated comment
🤣🤣😂
There is no evidence the Govt plans to take your gold. It is pure fear mongering.
@@amols101 There is 100% evidence the Gov't is destroying the currency!
This is almost too much truth for youtube
@@wittmanmark1572Pick up the phone God dammit! Pick the phone!
@@straightjacketleatha lmao
lol rite!
@@wittmanmark1572 Alabama? Didn't know Alabama was the epicentre of finance.
I was thinking the same
"When you see that trading is done, not by consent, but by compulsion-when you see that in order to produce, you need to obtain permission from men who produce nothing-when you see that money is flowing to those who deal, not in goods, but in favors-when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you-when you see corruption being rewarded and honesty becoming a self-sacrifice-you may know that your society is doomed." - Ayn Rand
Very profound and clearly corruption has overtaken
@Nag Dasty most people that blame problems on the government are unaware that the government is owned and controlled by the federal reserve (a private central bank) and the same wealthy people that they praise so much as free market capitalists. Those groups that control the government set things up so that they continue to prosper at everyone else's expense, and then claim that they worked for it. They get the socialism that they tell us is evil and will destroy the world.
Government being too big isn't the problem it's who controls the government and it's not us common folk.
This guy speaks in commas, and not periods!
@@fcdrawexactly, we have to restore our sovereignty to control government. They usurped our authority in 1871. How much longer will the ppl take being debt slaves?
yeah ,be a career criminals so Governments have an inbuilt pathology of I can rely on that one...
Thank goodness I finally found a person more angry with the system than I am.
Check out Gerald Celente's channel trend research journal. he is really good too.
He's not angry. He knows its beyond his ability to change and so he's playing it for all its worth. Probably the right strategy right up until they want to put that mark on your right hand or forehead.
Mars anyone? lol
@@fredsilversmith1032 Celente...? ??
Our criminal thug bastards knows how to Bullshit everybody! To steal it all to piss away everyone’s money
"If you think that's crazy, well then you're crazy." ... I love this guy.
Your also crazy
People who didn't turn it in the 1st time stayed rich
Some did, some went to jail.
Yep. Basically Democrat cucks turned it in and Republicans said F-U and kept it. The reason you can buy pre-33 on APMEX is because a Republican in 1933 was not intimidated by the Democratic Party
It was patriotic to turn your gold in. It was different times. Plus, I think I read that in his book.
@@LayZeeDawg nobody went to jail.
@@tomtwo8714 I've heard that line before, "It is patriotic to wear a mask"= Joe Biden
This is why when you buy gold, you MUST have it in your hands and not a certificate.
I guarantee you that if every gold buyer insists on receiving physical gold, there would not be enough to hand it to them.
Just like if everyone goes to the bank to withdraw all their cash, there wouldn't be enough cash to give it to them.
we will just print more for you
its not going to help with you survival in the immediate . its just a way to save it forr later after all the hell settles down its no good for feeding the kids in the meantime
@poppypottschannel I wrote this post a year ago and look how true it turned out now with the Silicon Valley Bank and others failing!
With such bank failures, how can people get money to pay their bills if they can't even take gold out to use it?
Used to be if you sold something that didn't exist it was considered fraud. Our economy is a joke.
Better off to own Food. You cant eat metal. They will make it illegal to trade it for years, at least youll be able to eat. They cannot make owning food illegal.
This administration could do anything it wants and it would be fine. In fact the Chinese would be glad to help them do it.
Chinese government gangsters.
No way would I give the government my gold just because they demand it .
If they try and take your gold just give them lead instead ... 🤣🤣
Guns hold their value also lol
@@archibaldhamilton5314 If you cowards were going to do that you'd have already started.
That's why own it physically the overt confiscation is just an order but if you're not putting in evidence the fact you own gold then just keep it safe and hidden that's more of a threat to major mines and miners who report their gold holdings to regulatory bodies and governments where governments can nationalize gold holdings and yet to be mined properties
If u don’t you will end up in the fema camp
I’d throw it in the river before I’d give it to the government.
There is a bible verse on that...."Streets" rather than Rivers though is the vignette end-scenario, tho~
Most people don’t realize is that all they have to do is get a court order compelling you to turn it over. If you don’t comply with the court order then they can hold you in jail for contempt until you do turn it over. They would make you retrieve it in other words.
@@geralddrolet1 noooo they will tax tf out of it lol no sales or purchases without a huge ass tax
Always has been my thoughts!
I already did.
“Are we in a democracy?” Thank you for this common sense question...
Supposed to be a republic, but hey, nobody knows that now days. Five bucks to you if you can find the words democracy or democratic in either the Constitution, Bill or Rights, or Declaration of Independence.
American voting is a sham. Doesn't matter how you vote. The industrial military complex is the actual government.
Nope and never have been.
We THINK we are " free"....
It was a Republic , now it a democRat pandemic of ignorance and evil perversion .
He makes great points. We have to be honest with ourselves about the level of tyranny in this country. Blind patriotism and repeating a mantra about how free we are no matter how much freedom they take away is a recipe for disaster.
Western Europe (EU) is even ahead of USA; we are drowning in heaps of legislation on every aspect of life and the economy; everyone will soon be working in 2 areas: the only 2 job growth sectors in Europe.
1. government reporting: accounts, import/export EU law control, tax filings, bank reporting, hygiene and safety, green compliance, subsidy and social aid applications and surveillance, etc, etc. This creates job in government and in the companies that have to report, but for no wealth creation, only parasites on it.
2. health industry.
VAT (sales tax) 20% average rate. Can you imagine on every transaction there is 20% tax? Tax on labour is on top of VAT and runs at circa 60% of salary: income tax, gov Sate pension (ha ha), compulsory private pension, health tax/insurance, unemployment tax, + more in some countries. No company wants to hire anyone in Europe, its just too expensive; they either outsource or automate. Its very diffcult for an entrepreneur to start a business, hence no new tech in Europe.
Europe's economy is in permanent decline. Some economists say the EU is now evolving into the communist Eastern European bloc of the 1960's to 80's producing goods and services not needed dictated by State controlled economy. France is leading the pack with over 50% of its GDP government controlled.
@@Baffuteagle That's sad. The only hope I see at this point is that it all fails and we have to start over with some freedom.
@@Baffuteagle your one smart cookie , everything you said is exactly correct 100%.
Credible right up until he said “if you have $100,000 it would be difficult to spend.” He clearly has never been married.
Clearly. 😂😂😂
“Difficult” in the sense that if you buy a diamond ring for $15k in cash the jewellery store will require you to fill out a form with all your particulars and where/how the currency is derived and all that crap, esp. in an age where most people use one form or digital payment to another.
Is EB a Canadian? If yes, I would not be surprised if he’s MGTOW.
Hey Yankee!! Lol my wife likes to spend too 😅
@@jefftan8024 Is that really a thing? Where do you live?
Great interview, E.B. made some really important points and brought good energy.
Yes!
E.B. Tucker is great! 100% correct
Finally a financial guy that not only knows his stuff but also tells it like it is.
Book name?
@@GrahamAndoe the book is called
"why gold? why now?"
Royalty company NOVRF ticker price now 9/12/23: $1.17 guess I’m glad I’m late to hearing about this 2 years later 😂
Capitalism died the day the dollar went off the gold standard back in 1971. Since then, the market is raised on fed intervention
1910-1913 more likely.
@@mhairischarin2096 nothing suspicious 🤔 about a bunch of extremely rich bankers creating a cartel on jekyll island
Nixon did it !😢
This country is going down the sh!!!!ter
Oh yeah. So fast. Kinda scary time to live in.
*the world
The whole world is going down so fast 😡😡
Each day that goes by, gets a little bit more scary, a little bit more unsafe... knowing this shitbag is in charge. I genuinely feel he is very dangerous for us Americans. He really needs to be removed immediately. And then he says he already wants to run for another term...this guy is completely off his effin rocker. Someone needs to do something. I can't even believe this is happening.
Got that rite!
To paraphrase: 'Centralized Digital currencies don't have to be backed by anything....they can back it with a narrative." Love it!
I'm sick of narratives, too much fiction created.
May as well keep the fiat ponzi scheme dollar if that's the case.
@@brianb6957 And support the truly decentralized infrastructure being set up such as qortal.
problem is narratives are infinite = deflationary.
we could use monopoly money if every one would accept as payment and believed in it
The illusion of freedom is the length of chain your masters give you. It's getting shorter every day
we got fight
They’ll try and confiscate guns before gold, ammo before silver.
@Chris T hahahahahahahaha. Guess you haven't seen the sales numbers lately.
@@sandhills2344 Yea, people I worked with from China were fascinated with guns and I took many of them target shooting. They all wished they were allowed to have guns. Of course, CCP would likely be short lived if the did, so that is why they are not allowed.
I have seen some sayings that stated, "I will give them all my hot ammo first, then they can pry my weapon from my cold fingers!"
they already are
@Ron Gosling I surely have more lead than Silver and gold...
In other words the system is crooked.
Crooked as a Barrel of Fish Hooks, mate.
Always has been!
@@leeanderson2912 Crooked like Hillary Clinton
I call the government “The Mob!”
RICO
This video aged well! I’m from Canada. People just had their bank accounts froze for disagreeing with the government! Absolutely insane! It is absolutely necessary to store some wealth outside of the system!
Agreed
Bitcoin wasn't frozen. Tradfi was. Gold is part of tradfi.
Canada 🇨🇦 don't get baker acted there . They offer u a free out . Anf tell u you dead weight . Let someone livethst wants to live .. and u might think there. Giving u meds . And there actually killing you .. and mentall patients are not there. . Trudeau and Tim brown sreal patents for big tech .. !
😊😊😊😊😊😊😊😊😊😊
I’m still in shock that a temporary government was ABLE to freeze bank accounts. How is it possible that they have this power? I’m not aware that anyone voted to give them that right. I certainly didn’t.
We aren't as free as we think. Government and banks want to know our business, there's no privacy anymore.
Assange would agree!!
This guy, speaks the truth. Hell yea!
In 1999 I had 700,000DM ,in Euro today it would be 350,000€.
The gold price in 1999 was about 300$ per ounce.
Today it is 2000 $.
Decide for yourself.❤
I could listen to this guy all day long! He's so spot on!
E.B. Tucker is by far my favorite guest. Speaks pure facts and truth. It's refreshing
EB is becoming one of my favorite guests. Great insights!
Where is $40 silver in December, that he predicted.
@@dimkovskigoce it will go but it us impossible to tell when exactly
One of the best show I have ever heard. Keep having informative people like E.B. Tucker.
Nailed it. E.B. is incredible. Straight to the point, gets his ideas out there, doesn't ramble. And he's dead right. In order to render gold/silver savings worthless (or nearly so), all they need do is to make them illegal and make transacting in them illegal and severely punishable. And while that's not confiscation and you can keep your metals....it's like, what's the point? You can't really sell them, you can't exchange them, it's a real hit.
His analysis is practical, prudent and reasonable. He's spot on. Well said, sir.
But you can give it to your kids and some day it will be legal again
They would get my lead before they got my gold.
It is not Analog vs. Digital, but rather Real vs. Virtual.
They can’t take the gold until the brass and lead in gone
Steve Weikel - lol. Well stated
E.B. Tucker YOU ARE RIGHT ON!!!!!
This dude is on the right track. We're not playing inside the confines of the traditional rule-set anymore. We can't win if we're in that mind-set. The central banks are right now working... with everything they have... to make sure you don't get to leave the game with your money... because they don't consider it your money. They don't even consider your labor capitol your own. The premise of strategy is acknowledging the backdrop of the game we are playing, and going from there.
FIAT Money is theft of your work and assets.
We the people must stop this insanity!!
Time to get rid of the corrupt politicians. If nobody left. Don't care.
Excellent advice and forthright political commentary from EB. A man of our times!
Most honest and aware strategist I've heard interviewed to date. 👏👏👏👏👏
Excellent guest. Please bring him back in the future. He tells the truth that is painful to hear. Much needed. Thank you.
The best interview so far. So many important points.
Wow!!! I love this guy!! He's calling it the way it IS!! BRAVE!! I'm buying his book. He made the Kitco guy nervous for telling the truth. Thank you EB Tucker. Thank you.
You finally found a smart interview. Good for you
They can try I’m locked and loaded. Bring it on
Just be careful cuz they’ll just drone us...
@@nikkilav824 Biden said he would. Not joking.
He has a point about the ESG scores. I know that they are applicable to every country now, however my bank includes the ESG rating with the credit score when applying for a loan. It is actually very scary.
It's only scary when men refuse to open fire on criminals.
Orwellian dystopia
@@noelio67 Yes, your blackpilling cowardice helps SO damned much.
That’s awful! Switch banks
@@gabudaichamuda2545 👌👌👌
Thank you for having E.B on. He is the best the way explaining complicated money matters in simple and realistic way.
TLDR; No, because nobody wants gold.
Another great interview, David. E.B is always great to listen to
Most convincing gold argument I’ve ever heard
Assuming all Americans lie down without a fight over tyrannical practices that our government continues to implement, this guy has a point. That’s why our forefathers gave us the 2nd Amendment.
E.B. is an original thinker, always has something new and interesting to say and never self-contradicts. A quality guest. I look forward to the next appearance.
well there is one contraction: if gold is going to be taxed so high it becomes useless as a store of wealth, what's the point in owning Gold?
@@Baffuteagle Okay, you have a point.
Read his book you will be interested in gold and then buy gold royalties by doing business with company he “set up” and listens to his interviews time to time to make sure you did the right things , gold royalties are better than physical gold
All they need to do is raise the price and I'll just sell it back to them lol.
To only 50 percent more ? That’s only like 2500 hahaha debt clock says it’s worth like 35k
"Mandatory buyback"
@@RB-ow7mt They Democrats want to confiscate our guns and our gold
@@stanwilson7040 Democrats and Republicans, basically anyone in the establishment or protecting the ruling class
To $100k/oz.
Love EB tucker precious comments😊
Prescient.
Classic. Thanks E.B. & David.
So grateful to listen to EB.
Best guest ive seen on kitco. Eb tucker you have a new fan 👍
E.B. Tucker. Smart man. This is the most honest interview I've seen in a very long time.
But I'm not sold on gold royalties. Physical gold, yes.
love hearing it from EB Tucker
So on point its scary.
Gold bullion is not currently subject to any form of traceable registration so even if a paper trail proves that you had possession at one point.
That's where the trail goes cold.
People that store Gold usually dont need that Gold to be highly liquid so their rationale would likely be "why hand this gold in for US$2000/oz when it could go to ground for a few decades and eventually be sold to a friendly entity for a realistic price.
In the UK all gold transactions through registered dealers are reported to Government. Unless you are trading in a unregulated market like ebay there is a record of all your purchases and sales. Just that with the metal so tightly controlled they have no reason to do anything with that information at this time.
@@haydnjones4816 who's to say you didn't sell it
I love how E.B. just has a one ounce gold coin sitting on his desk that he can grab and hold up to the camera... because I don't believe that was a "planned" moment of the interview.
Wait this isn't normal? I also have 1kg silver on my computer desk haha
I keep some gold Brittanias in a tube in my desk drawer. . An ounce of gold ain’t much if you are a true stacker.
@ytblue Keeshond you guys are doing this much better than I am.
Assume that EVERYTHING YOU SEE....is planned.
That was four ounces, and I don't see why you feel so clever... He intended to make a point on a visual medium ostensibly if the moment presented itself.
The real point about confiscation is that the government compensates the holders at a set price (I think it was $20 in 1933), and when the program is over, immediately bumps the ‘official’ pegged price of gold up massively (to $35 after the confiscations).
So do not give up your precious metals . 😮 hide your money in precious metals not crypto .
Unplugging
The fed coin and social credit scores . Hold your wealth. And just wait . But gold and silver ,but never sell.
Exactly right, they won't get most of it this time.
Tucker is a living breathing stream of correct consciousness. He's literally correct on every topic. Very rare.
The chosen tribe wants it all.
HE KNOWSSSSSS!!! SHUT HIM DOWN!!!!!
@Chatsworth Osborne, Jr. Hosea 1:9 and there's Revelations 2:9 and 3:9. 3500 Babylonian Talmud tells all though.
Juice?
The US is NOT a liberal democracy, David...it is a Republic, otherwise known a representative democracy. Regretfully the current political environment is pushing socialistic policies and that puts precious metals and cash at risk. Mr. Tucker makes good sense.
Technically it is actually a "Elected Republic"
Or a "Representative Republic"
Both terms are used in the Constitution
Everyone needs to listen to this video. E.B. describes the current landscape perfectly.
E B Tucker, a outspoken reality guy. Factual sense reporting.
This guy is GREAT. Bring him back
EB is borderline genius. Great guest Kitco.
EB is right on point here. Good one!
I really enjoyed the easy-to-understand interview with the guests. Honestly I have been thinking about buying small quantities of gold as a hedge for my wealth
There are enough laws on the books that make a new born American a crinimal.
so you are born a sinner?
Enemy of the state-few get it. We are all considered one in their eyes, due to the blacks law dictionary written in their legalese.
@@Karg537 we are all born sinners, but the gov. sees us as criminals an enemy of the state. They have all pledged their allegiance to satan.
One of your most quality guests
Ingenious commentary. Thank you
I can't afford Gold. I bought food instead.
Gold can only be confiscated by force.
Depends on how much an individual is not willing to let go.
Do we trade amongst ourselves or do we trade though the syndicate? (govt.)
If the dollar is digital we would then only be able to barter with it if we wished to avoid capital gain taxes etc...
IF U can't use it because of the high tax put on it,, it becomes worthless. IF the bitcoin can't be used because the only C/currency that they allow is fedcoin for control .. LOOK at CHINA some of it's happening now .
The executive or mandate was for all "persons" not "citizens" to turn in there gold if a citizen turned in their gold they did it at there own will. The devil is in the details. Persons are not citizens.
Drumming up a bit of fear?
Love it!
Thanks E.B. and David
E.B rocks
They'll never find mine or my silver.. cuz by that time Al have it somewhere else where only I know where it's at..
Most people don’t realize is that all they have to do is get a court order compelling you to turn it over. If you don’t comply with the court order then they can hold you in jail for contempt until you do turn it over.
@@geralddrolet1 Just say no. court order my ass. That would be a man made law and not a natural law. If they try to take my gold that is a violation against natural law. Taking something by force is not natural. The more people realise this the more power we will have collectively to say NO.
@@jurgen8084 tyranny government dont care about peoples rights
Always spot on EB... I agree with your take on it all... you express it powerfully... let's hope the message wakes people up
We miss you at Casey E.B. Not that the others aren't great.
i love your channel. kitco news is awesome. thank you for your contributions!
So they'll confiscate your personal gold but they'll leave royalty companies operate hassle free. Sorry but royalties are the first form of confiscation, any other ideas are stupid.
Absolutely
Wow.. Point blank.. Much appreciated
Awesome ❤thank you
Great news EB
When the US stole the gold last time, only 10% of people handed it in.
Buy Silver it will be more valuable then gold because there is no stockpiles
im all for silver only con is its so big and bulky like he said u can fit thousands of dollars of gold in your fingers
Anything is possible with silver because it’s needed gold isn’t
Just buy them all - silver, gold, and Pt group.
Love his strength forward approach! Thank you for the honesty!
My gold was lost in boating accident along with all my guns.
The forbidden fruit is always more tempting, a good sale strategy !
Enjoyed your book. It was a insightful read.
I want to see it
Amazing interview David, thank you!
Excellent guest, unafraid.
Great talk. On point.
gosh, my grandpa gave everything to save the family, when his neighbors family disappeared overnight in Soviet Union
E. B. Tucker makes really good points. Excellent!
WE, are a Republic.