This Is Why Will Gold Confiscation Will NEVER Happen Again!
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- čas přidán 13. 05. 2023
- #Gold #silver #money
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In this informative video, we explore the topic of gold confiscation and why it is highly unlikely to happen again. We delve into the impracticalities of gold confiscation and how it simply doesn't make sense in today's modern world.
Throughout history, governments have attempted to confiscate gold as a means of stabilizing their economies. However, as we will discover, these attempts have always been met with resistance and have ultimately proven to be ineffective.
We will examine the reasons why gold confiscation is impractical, including the difficulties in identifying and confiscating private gold holdings, the high cost of such an operation, and the potential for negative economic consequences.
Furthermore, we will explore the current global political and economic landscape, which indicates that a repeat of gold confiscation is highly unlikely. Governments are now more focused on economic stability and growth, and they recognize the importance of private property rights and individual freedoms.
By the end of this video, you will have a better understanding of the reasons why gold confiscation is unlikely to occur again, and why you can feel confident in holding onto your gold investments. So, sit back, relax, and enjoy this insightful exploration of why gold confiscation will never happen again.
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Thanks for watching and I will see you next time!
Topics covered in this video:
Gold, confiscation, private property, individual freedoms, economics, government, history, modern world, economic stability, global politics, investments, resistance, impracticalities, negative consequences, cost, private holdings, stability, growth, investing, bullion, precious metal, gold coins, gold bars, portfolio diversification, store of value, inflation hedge, safe haven, economic uncertainty, gold mining companies, gold ETFs, gold futures, gold price, gold standard - Zábava
Thank you to everyone commenting about the poor editing at the start of this video.
It happens, I have published nearly 1500 videos in my time and I made a mistake in this one 🙂
Think about that before you say stupid and nasty things and accuse me of being sloppy....
We are only human after all.
Enjoy the video!
Dam I am gonna have too go back a see what yall are talking about I didn't catch it and don't mind it everyone misses up sometime I think I did once when I was younger 😂❤
I'm usually very pedantic, especially when outrageous religious statements are portrayed as indisputable facts.
Poor robotic script readers really annoy me, especially bad pronunciation.
So what should I be ripping into your content about?
Something about America’s 2nd amendment is starting to make sense.
They stole our guns already 🙈 and the soft British people just let it happen.
I lost mine in an unfortunate boating accident.
That happened to you to????
Meeeeee tooooo 😅
What a coincidence! I lost my entire stack parasailing over an active volcano. I have the coordinates if the government wishes to brave the 1500 degrees F heat to go get it. 😎
I'm going to have to respectfully disagree, you can certainly assume they repatriated the gold out of greed because they didn't do it to stabilize the currency, as you said, gold and silver are already stable, they did it to hide the fact that they wanted to print more than they were already printing, which is why in America when they repatriated the gold, they increased the price 40% and was able to keep it there but after the world wars a lot of countries started noticing the extra printing that wasn't backed by any mining, so countries like France started buying their gold back, until the point that the United States would have ran out with still extra dollars floating around (because they were printing like a bunch of greedy selfish criminals), and that's why the gold window was closed, and not too long after the gold window was closed the price went from $35 up to $850. That is not stability, that is criminal. The currency was stable when it was made out of money, and it was repatriated by propaganda so that they could steal wealth without much being noticed. In 1913 the federal reserve opened up, and in 1914 the income tax was written into the constitution (also criminal).
No need to take it they could just stop you selling it.
You're comment makes alot of sense, thanks for the history lesson ... I would add to the long list of criminality - the insane idea of "property tax" . We don't own houses? Especially property tax on the elderly -Anyone collecting property tax should be ashamed of themselves; but making old widows - some who can barely write with a pen or walk themselves - now worry about a governor/or whoever, deciding an arbitrary "value" to "raise the rent" on them ? I'm guessing there is a special level of hell for these creatures - in effect making the elderly "pay rent" on property that they supposedly "own" - which is 100% completely evil. If the governments need to tax people on "property "who have retired , then it is a government that needs to be completely restructured . have a great day :)
In a world of increasing population numbers you need to increase the money supply. Gold being finite isn't fitting for that. Take a island of 100 people where there's also 100 gold coins, 1:1 ratio, but where the population subsequently doubles ... rather than the population on average becoming half as poor as before, 2:1 people/gold ratio, with paper currency you can double up on the money supply. The natural tendency is for the price of finite gold to rise over time as fiat money is expanded. Increased money supply induces inflation (costs more paper currency to buy gold ... and other commodities/things). They're not "cheating", rather just managing things towards better stability compared to that of if no actions were taken. For anyone in America who had their gold compulsory purchased in 1933 they could have bought poor mans gold .. silver with the proceeds, and been fine. In 1934 gold price was re-pegged around 34/20 = 70% higher following the compulsory purchase, silver rose around 0.44 / 0.25 = 76% higher. In effect it was just the enforced transition away from using both gold and paper notes as currency, over to just using paper notes alone. Same as in the UK where prior Sovereign One Pound coins deposited into a bank for safe keeping/interest, was returned as paper One Pound Notes as of late 1931. International trade is easier/safer with paper/electronic currency than compared to having to shift heavy bars of gold around.
History is to be learned from and we are fortunate to have soo much of it, compared to those before us. We are so sure we know better, but how can we be sure, without anything to compare it too.
In the US, people wanted to help the government, they were very patriotic. They never thought they would be taken advantage of they way they were. I dont see people falling for it again. Also to many people now to have a gold standard. There would be extreme poverty
CBDC is coming but if they add the control to it then they won't want you outside the system.
That day could come in our lifetimes. I think it highly likely at some point. That would be the time that "no man will buy, sell or trade"...
So much will be lost to unfortunate boating accidents
There will be a boat shortage.
Aren't most gold transactions recorded by the bullion dealer and then passed on to government? If so there's probably a database somewhere for such an event.
Sauce please.
History demonstrates that even the most "stable" of currencies can devalue to zero. The first U.S. continental dollar went bust then followed by devaluations in 1933 and 1971. After the civil war ended in 1865, anyone holding confederate dollars found they could purchase absolutely nothing with them. Modern day U.S. economy is beholden to the financial sector making up approximately 35%. So shuffling bits of paper, and speculating accounts for a huge slice of economic activity with questionable benefit.
Sterling's slide post WWI has been equally catastrophic. Worse still, look at the inflationary devaluation from year 2000 to today - it's something like 65%. That's in the span of only 23 years. Anyone who thinks the status quo will exist forever are poor students of history. Gold should be thought of as a form of insurance against these cataclysms.
I like this guy's videos but I think he has some rough takes. Gold isn't unfit for money today, it's the only form of money that has been proven throughout history.
Pre 1931 and gold was money, a Sovereign gold One Pound coin that ran alongside (interchangeable with) One Pound Note paper currency. The law was changed in September of that year to force banks to only pay out in paper currency, so any Sovereigns (money) deposited into a bank for safe keeping and interest - were returned as paper notes. The US followed that lead in 1934 where all gold was compulsory purchased, leaving only paper notes as currency. The UK 1966 case was the restriction on how much gold you could buy as a means to stem the large out-flow of Pound notes and in-flow of gold further depressing the value of the Pound. Confiscations/restrictions could re-occur. Australia even has (had) a law pre-passed where at the stroke of a pen all gold within Australia could be transferred to the state at a price it set in the event of extreme economic/financial stress. The US continues to keep around two-thirds of its $1.5Tn reserves in the form of gold, as that serves as insurance in the event of a paper (fiat currency) crisis. As the UK has relatively low levels of gold, having sold half of it in the 1990's as a means to support the then new Euro, in the event of extreme pressures upon the Pound who knows what laws maybe passed against gold if/when needed.
All the Govts need to do (and would do) is apply a massive Tax on Gold/Silver when you sell it.
Testing 123 testing 123 😮 and three runs of your intro music all in the wrong place, I think you need a holiday 😂
I edited in a rush. It is what it is.
@@BackyardBullion makes it more authentic. :)
Well if you grew up with grandparents that had it happen you might have another point of view
It wasn't a confiscation though. Propagated repatriation it was in the US
Tea takes you gol for $20 per oz,then up the cost of gold after you get most of the gold,and you really don't want to know what happened to people that had loans from banks
Lost half of mine in a freak boating accident. Had to spend the other half to buy a new boat.
I agree with Joseph Jones! I’m absolutely disappointed in watching this gentleman’s channel. Your outlook is sad coming from someone who makes money of gold and silver. I doI understand that you are trying to be in the middle and you have a channel to protect from “whoever the powers that be are!” But you absolutely missed that a person with half a brain can see Gold is the only thing that is perfect for currency. That’s why people are giving you more money for your silver because it’s not backed anymore it’s worthless cotton paper. It’s a pure con game. It’s just a system that should be able to tally debt and discover value of products. We can’t trust the paper because it’s being printed out of it’s perceived value by the powers that be. Come on backyard bullion. You can’t be that naive?!?
Beautiful 2010 gold britannia, one of my favourites.
Mr BYB is absolutely correct, but a common fact is too often disregarded.
So few people have any significant amounts of precious metals.
Most people rely on state benefits, thats why we have a debt based system.
Whatever value gold is determined at, so few people will benefit.
Awesome video BYB and I agree! confiscation is probably the least of our worries nowadays. Btw I recieved your exclusive 365 channel bar. Thank you 👍🏻👍🏻😊✌🏻
It's always a pleasure listening to the end of the videos . many thanks for your continued service.
Why would the government want your gold and silver if not for a return to a gold standard?
Just tell them you've given it away or paid debts with it. I'm acquiring metal for cash
Scary thought🤔 good job I don have much😂. Great videos!
But… you will own nothing and be happy about it 🤦♂️🤦♂️
Love your videos! Please more videos
Simply put, no one will confiscate my stack. Just not ever going to happen. And by the way, I’m old enough that the phrase “life in prison” just aint the deterrent it used to be. 😎
You need to worry more about bank bail-ins
Confiscations - no. Gold standard - yes. Otherwise how do you explain BRICS strategy? That’s happening and is public domain.
The editing of this video has gone a bit pear shaped, hasn't it? 😬
Yes, 1400 videos and every now and again I make a mistake!
@@BackyardBullion Hey, no problem. Can happen to the best of us. :)
I'll fight like the 3rd monkey on the " plank of the ARK",
And it's starting to rain...
Before I'll give up anything to anyone who won't SEAL THE BORDER.
my gold is not for useless wasteful reasons.
What?!? You don't support President Poopy Pants?
FDR did that in 1933 in the US. Americans have seen the result of that over time. We have the 2nd Amendment here in America that factions of the government and progressive liberals would love to do away with. Theres a reason they want to do away with it. Americans currently would not go for a gold or gun confiscation. The government is not very popular with it's citizens. Any forced confiscation would trigger a full blown civil war in America. I honestly dont think that with the division and hatred in the US that it would take much to trigger a civil war. It seems we are edgeing ever closer to a point of irreconcilation. Crazy times in America currently.
They won't confiscate the gold without a gold standard it wouldn't make any sense to do so. A new gold standard even a fractional gold standard is an impossibility, even though many have suggested it .
In the US was 10 years in prison and/or $10,000 fine
The U.K. should scrap vat of Silver too.
They only dropped it on Gold, because you could buy it cheaper abroad.
I can only speak for what I think would happen in the US but to confiscate gold they would 99.9% rely on compliance. There are roughly 800,000 law enforcement officers in the US right now and 124,000,000 households. That means that every single officer would need to go to 155 houses to make contact and personally confiscate gold if people didn't comply. No sane cop would go alone because if just 1% decided to "nope, over my dead....." that is 1.25 million households that would fight back. Not good odds for any officer that wanted to live to retirement, much less the next week. Time wise if each contact took 30 minutes that would take each officer almost 2 months of work just to hit a quota. That means no traffice enforcement, investigations, court appearances, etc. Not possible unless people comply and if the gov did go door to door threatening jail or else, we have more to worry about than the gold. I would be worrying about goose stepping thugs in the streets.
Once CBDC come in then they could just stop you from selling it. Then just offer to take it off you for a low price. I know what you're saying, but with CBDC they can control you.
@@turokforever007 they can stop open sales but under the table, no. A lot of people I know are kinda ornery and if you tell them "No, you cant own that" they'll just laugh. Drugs, guns, prostitution.... all are thriving with all the laws we have in place. Hell, right now I live in the Peoples republic of Wash and there are 3 pot stores within 2 miles of where I live. Worst case, they outlaw the private ownership and then the price goes up.
They've done it before and ... history repeats itself (evil uses the same methods over and over again).
Can I keep my jewelry? I got this nice 42oz gold bangle. It looks kind of crude, but I think it's beautiful.
I do like that Oriental bordered Britannia.
I think the CBDC will be on the gold standard, at least for the first 50 years.
The crisis that has been engineered will be so bad, people will clamber for a new currency. I believe there are plenty of ways to keep debt intact, and remove real assests of individuals, during the "rescue."
Of course, the money supply would be fractionalized after the confiscation
Is that silver bullet for a giant werewolf ?
I am a stacker and I forgot my gold in the train.
Almost ALL of my gold !!!
Sounds impossibile or too idiotic ?
It doesn't matter.
What does matter is,that I have official document from the police that someone took my gold and he/she didn't turn back to the police.
Is my story true or not...who cares !
Officially I don't own ANY gold so confiscation is literally impossible.
Bit of a view into the background of the making of ByB videos at the start there! 🤣
Yes, I was editing in a rush here 🙂
Except Turkey tried it in 2021
Never say never
The 50pesos flips vertically like an American coin? I own 20 centavo coins, 10centavos and 1pesos. Never checked. They're buried so I will just have to believe it
Gold isnt part of the circulating currency anymore. Most people dont own gold so it doesnt make sense to go after it since what they will get will be very little.
They won’t confiscate it directly. They will make it impossible to preserve wealth from your investment. You and your family still lose.
I agree that will be the way. Or they'll buy at good price and then devaluate the currency. In either case it'll just stay below the floor boards until better times
you need to work on you sound mixing imo. good vid tho
1400 videos and one gets a mistake. Give me a break.
@@BackyardBullion meant it in a helpful way. no disrespect
excellent video
It would be over my DB (draw your own conclusion)
What’s up with that video title?
Do you mean the sound randomly playing during the vid?
I think Byb has got addicted to his own jingle 😂
I rushed to edit this together, not my finest edit but it it what it is!
@@BackyardBullion haha I’m just busting chops. I enjoy the channel
Here in the US it was a propagated repatriation, not a confiscation
Nice video
Maybe in Britain because the monarchy is the ultimate power over the people but I can’t see this happening in a real democracy.
The Monarch has no power. At least in that sense.
The monarch literally has to sign in laws and approve governments. It’s only traditions which asks them not to interfere. How long will that last?
This aint china,north Korea
this is england
No..
Hang on a second.
The whole point of holding Silver etc. Is so you don’t lose any purchasing power against inflation and secondly, you can buy illegal items once the CBDC come in.
Never say never. I know yall have that crippling false sense of security over there in the U.K. Maybe time for a reality check? Heard it was a little difficult heating your homes last winter?
Prices went up a lot but personally I do not know anyone who froze. I think some cut back and ensured blankets and jumpers (pullovers) were worn
Not difficult, just expensive.