And if you don't give it to them you are going to jail! I know this will be a sensitive topic with some, but if you understood the real importance of these precious metals to societies existence than you might just understand what I will write here. 
"Governments love allowing you to buy precious metals bullion because you think you own it, you are safely storing it, and they didn't have to pay for it"
First, we cover the "fact" that precious metals confiscation has happened before.
In history:
- 1933 - USA - Executive Order 6102, President Franklin Roosevelt signed on a law on April 5, 1933 “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” Not really confiscation as you were paid 1/2 of what gold was worth the next day
- 1935 - Italy - Benito Mussolini—Italy’s prime minister —introduced the “Gold for the Fatherland” initiative in 1935. He “encouraged” the public to “voluntarily donate” their gold rings, necklaces, and other forms of gold to the government. In exchange, citizens received a steel wristband that bore the proud words, translated, “Gold for the Fatherland.”
- 1939 - Czech Republic - The Bank of International Settlements, chaired by Bank of England director Otto Niemeyer(a German, nazi)—instructed the Bank of England to transfer £5.6 million of Czech gold to the Reichsbank.
- 1959 - Australia- The Banking Act in 1959, allowed gold seizures of private citizens if the Governor determined it was “expedient so to do, for the protection of the currency or of the public credit of the Commonwealth.” In other words, they made it legal to seize gold from private citizens and exchange it for paper currency.
- 1966 - UK - In 1966 the government banned private citizens from owning more than four precious metals coins. It also blocked imports of gold coins.
- The last known "so called - legal" confiscation/elimination/exchange of silver started in the USA and occurred globally from the years 1970 through the 1980s. This was done because the epic importance of silver in technology was being recognised.
Past - during the last century almost 80% of the entire civilised world used some sort of physical precious metals content in their money.
Present - 0% of the so called "civilised" world uses any backing to their fiat money.
Most all of these confiscations occurred in order to protect the national currencies and most people believe if it ever happens again it will be for this reason, but it won't. The next time your precious metals will be confiscated will be because of "national security". The shear rarity and importance of these metals will be their private owners down-fall.
Reasons why they will come for your precious metals, Silver in particular:
- Because it has happened before, it will happen again(eternal return theory)
- The world may return to a financial system partly backed by something governments simply can't print
- 99% of every piece of electronics you see or use, would be just caveman hammers without precious metals
- you wouldn't be reading this, because there would be no internet
- none of us would have a future
Why hold numismatic vs. bullion?
- bullion is exactly that - refined bars or rounds stamped/graded prepared for and ready to be quickly cast into what ever needs to be cast.
- bullion is still considered "currency" by most countries and therefore what is that countries currency is exactly that "their currency"
- numismatic coins have historical value as reminders of what happened in the past
- historically significant or "numismatic" coins(USA-Presidential Proclamation of 4/5/1933) were excluded from confiscation and in all of the above situations(eternal return theory)
- it is still illegal to destroy or melt some countries coinage
- every day that passes numismatic coins get more rare as less of them exist - this goes two ways: example 1' I dig out some silver to sell, but a coin drops into a sewer on the way to the coin shop thus being lost - example 2' we are growing astonishingly fast 7.5 billion people and counting... correction 7.6 billion now per each coin
Final -
With numismatic coins being almost on par in price with bullion metals at the moment, its a no brainer. Be smart, buy one and get a free history lesson with that next numismatic coin purchase.
Luckily, the unofficial and official definition for "numismatic" coins has also changed some since the past and now includes coins/bars:
- with COA's
- depicting present, past, or future human/storytelling
- they are historical or may be
- one of a kind
- have special marks
- different minting procedures, special
- rare and collectable
Sources:
goldsilver com
silverinstitute
coinweek
coincommunity
silvershield -photo
phelimint -photo
Opponents of numismatic vs. bullion(prefer bullion)
moneychanger com
money metals com
(who are their financiers?)
I know there will be some more op-posers, so comments are welcome and even suggested.
How about coins bearing, "In God We Trust"
I do think that coins once issued by said governments will be exempted. After all they are not owned by the federl resrve but by "we the people"
1934- Executive Order 6814- The Silver Purchase Act. FDR's silver confiscation.
Yes. the most important of all, the silver. I will be making a continuing storey about this either today or Monday about how many tons they brought in from China and for what reason. Tune in!
Here is a list of the silver EXEMPTED from this confiscation:
(a) Silver coins, whether foreign or domestic;
(b) Silver of a fineness of .8 or less, which has not entered into industrial, commercial, professional, artistic, or monetary use;
(c) Silver mined, after December 21, 1933, from natural deposits in the United States or any place subject to the jurisdiction thereof: Provided, however, That so much of such silver so mined in the continental United States on or before the effective date of this order which shall not have been deposited with a United States mint tinder the proclamation of December 21, 1933, shall, if processed to a fineness greater than .8 within 75 days from the effective date of this order, be delivered in accordance with this order, not later than 90 days from the effective date hereof, or if processed to a fineness greater than .8 after 75 days from the effective date of this order, be delivered within 15 days thereafter in accordance with this order;
(d) Silver held for industrial, professional, or artistic use and unmelted scrap silver and silver sweepings in an amount not exceeding in the aggregate 500 fine troy ounces belonging to any one person;
(e) Silver owned on the effective date hereof by a recognized foreign government, foreign central bank, or the Bank for International Settlements;
(f) Silver contained in articles fabricated and held in good faith for a specific and customary use and not for their value as silver bullion; or
(g) Silver held under a license issued in accordance with Section 6 hereof.
The obvious fact is confiscation by the mob happens because the collective we let it happen.
Just say no if they try it again. WTF is wrong with all of us. Good little sheep.
Nice post.
The only thing is they may not only make us do it they may also affect us morally to do it voluntarily. Most people don't even know how rare silver will be in the future... Thanks btw
That's such a good point i didn't even consider. That's far more crafty and befitting of the sleaze bags.
Verry nice. Verry nice indeed! thank you.
Thanks for the kind comments
This post has received a 0.52 % upvote from @drotto thanks to: @tzcap.
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If you want help us growing upvote this comment.
Thanks !