The Phaserl


What the Next Gold Confiscation Will Look Like… and How to Protect Yourself

by Nick Giambruno, International Man:

On April 5, 1933, under the pretext of a national emergency, President Franklin D. Roosevelt issued Executive Order 6102, making it illegal for U.S. citizens to own gold.

The decree forced Americans to sell their gold at an artificially low “official price.” If they refused, the government could hit them with stiff penalties: a $10,000 fine (equivalent to $180,000 today) and/or up to 10 years in prison.

The government blatantly stole wealth from the American people.

Many worry the U.S. government might confiscate gold again if it becomes desperate enough. I don’t think those fears are unfounded. The U.S. government’s abysmal financial situation is only getting worse.

But would it really do a 1933-style grab again?

I don’t think it will. However, there is another growing threat to your gold.

More Likely Than Outright Confiscation
Today, only a tiny fraction of the U.S. population owns gold. Heck, I’d bet most Americans have never even seen a gold coin, much less appreciate its value.

This wasn’t the case in 1933, when the U.S. was still on a variation of the gold standard. That’s why the government probably won’t repeat the 1933 rip-off. It’s simply not worth the effort.

If the government wants to confiscate wealth, it’s far more likely to go for the easy option… steadily debasing the currency by printing money. It’s a stealthy way to confiscate from savers.

That doesn’t mean gold owners are in the clear.

I think the government will try a new scam: taxing windfall profits on gold. This would make it much easier for the government to accomplish something similar to its 1933 heist.

There’s precedence for it, too. In 1980, Congress passed the Crude Oil Windfall Profit Tax Act, which taxed up to 70% of “windfall profits” of domestic oil producers.

What the heck is a windfall profit anyway?

As far as I can tell, it’s whatever politicians decide it is. It’s completely arbitrary. There are no objective measures to define it.

In short, a windfall profit is simply a profit politicians don’t like. The whole concept is a scam—a word trick to camouflage and sanitize legalized theft.

If the price of gold explodes, I wouldn’t be surprised if Congress passes a Fair Share Gold Windfall Profit Tax Act levying a tax of 80%, 90%, or more on gold profits.

Fortunately, there are some practical steps you can take to protect yourself from this form of politically motivated expropriation.

What to Do
One way you can avoid a windfall-profits tax on gold is to renounce your U.S. citizenship. But that’s a drastic step. It’s just not realistic for most people.

Thankfully, there’s a far more practical option. You can do it from your living room. And you don’t have to turn in your passport.

The solution is to own gold stocks in a Roth IRA.

A Roth IRA is a tax-free zone. You fund it with after-tax savings, and any future capital gains or income derived from investments in your Roth IRA are not taxable.

While you can never be 100% sure what the U.S. government will do, it’s far less likely a future tax increase, even a windfall-profits tax, would affect investments in a Roth IRA.

A Roth IRA is the most practical way to protect yourself from the most likely form of future gold confiscation—a windfall-profits tax. It makes you a hard target.

Speaking of gold, Doug Casey recently put $1 million of his money in gold stocks using the “Casey Method”… a proven way of selecting gold stocks with 5x upside, 10x upside, or more.

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13 comments to What the Next Gold Confiscation Will Look Like… and How to Protect Yourself

  • Eric

    Gold stocks in a Roth IRA is NOT a solution to government confiscation. It’s not really the same as physical coins in your hand now is it?

    You might as well own biotech stocks. A windfall tax on gold stocks in an IRA can still happen if the gov wants. And your IRA isn’t safe anyways.

    Buy some at a coin shop or privately. Pay cash. Off record. Bury them. Massively non comply since you don’t “own” them.

    Personally I think there is ZERO chance of confiscation or a windfall tax. That only signals a problem with the dollar. And no one will sell. Americans are more likely to say “Hell NO! Fuck you.” this time around. And that’s mostly the elite.

    I’m sick of this confiscation talk. Never gonna happen. They’ll take everything else from you first.

  • Silver Shield

    Another fake paper solution to a real paper problem.
    You must have the opposite consciousness to truly solve it.

    You want a solution? Buy physical and bury it.
    You can either wait for the revaluation and give it to your kids or barter you metal for what you want.
    Value for value.

    I plan on starting a silver bank and borrowing against the metal.
    Since you never sell it there is not taxable event.
    You keep your metal and deploy the capital into once in a life time opportunities.

  • JMiller

    Executive Order 6102 DID NOT make it illegal for U.S. citizens to own gold as the article wrongly states. Executive Order 6102 forbid the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States. This is a common error some people in the ALT media make, mostly fear mongers. Everyone was allowed to own gold jewelry and gold numismatic coins. Also every person was permitted to own up to $100 in gold coins equal to 5 ounces of gold. And no one was ever fined or sent to prison for doing what I stated above.

    • AgShaman

      Perhaps nobody was sent to prison, but people were still arrested and had their private property stolen by the govt and given to a private banking corporation.

      Try reading the EO sometime and ask yourself if it makes any sense, that by force, a government can order a people to relinquish their private property and then give it to a private bank.

      You’ve been living so long under the cloak of govt propaganda and brainwashing that it has clearly addled your brain if you cannot connect the dots that prove without a doubt….your freedom to exist under the promises of the constitution have been suspended in order to support a cadre of criminals that have for centuries buttressed the existence of a corporatocracy that supercedes natural law and human rights.

      • JMiller

        Well everything I stated in my original post is true. That is a fact. Those people who were arrested were illegally hoarding gold coins or for selling gold without a license and they were stupid enough to get caught and because of that in some cases they had their illegal hoard taken from them. Sorry if that upsets you.

        • AgShaman

          Don’t be sorry. It does not upset me that you support criminals with your post. I have always known there is a very large contingency of good little slaves (aka: sell-outs and traitors of the republic) that support tyrannical govts (you being in this camp obviously).

          One man (Louis Ruffino) was convicted and sentenced to six months in jail, with a $500 fine…as well as having his 78 ounces of gold confiscated.

          I’m sure you would like everyone to believe there was nothing nefarious going on with this executive order and the Gold Reserve Act that followed it in 1934, to give it the “teeth” of the govt’s might/right to use threat of force as a means to steal from its people.

          • JMiller


            All I did in my original post was to correct an error that some people make when they wrongly state that all gold was confiscated under Executive Order 6102. But you some how think I do not know how evil the government is at times just because I corrected some errors concerning Executive Order 6102.

            • AgShaman


              If you wanna discuss EO 6102 then let’s discuss it.

              If you wanna hide behind the technicalities of your original statement, then that’s fine with me as well.

              If you wanna support a govt. that can blame and accuse people of nonsensical things like being a gold hoarder and an enemy to a country and it’s economical health…then you can do that as well. This is what I see you doing by hiding behind the verbage of your original post. Just because FDR and his banking overlords announced the problem and existence of “gold hoarders” does not make it a reality or a component of the truth.

              If people did not come into the ownership of their personal property by means of force, fraud, extortion, or intimidation…..then what right does any govt. have to decree that their personal property need be forfeit?

              I think you know where I am going with this.

              • paul

                I would not call the misrepresentation of some facts in the article, as correctly pointed out by JMiller, a technicality. It is a matter of truth. I find nothing wrong with pointing out errors even it might seem trivial to a few people.

    • paul


      You are right. I seen similar claims that executive order 6102 made it illegal for any one to own gold when it really didn’t.

  • Craig Escaped Detroit

    I agree with Eric. There will not be physical confiscations, and having “accounts” (banking, brokerages, stocks, bonds, etc) are not safe.

    I can see the government creating taxes (various types of “transaction taxes”) involving PM’s.

    And I can foresee them confiscating every ounce at the borders. They’ll grab PM’s but not illegal aliens. But when you consider how many tons of drugs make it over the borders, then a clever person who avoids the border checkpoints should be able to get their PM’s over the border.

    If they can smuggle TONS of gold into India past all the border control import taxes, then we should be able to do it too. This is one instance where something like a “Gold money account (they will eventually drop the name of “Bitgold”) would be very useful, as well as, maybe, BTC?

    Getting your gold OUT of a country is only 1/2 the problem, you still have to get it INTO your final destination, and I’m sure that all the airlines, even trains & buses will be setting up metal detectors.

    Even now, there are TRUCK X-ray machines that check transport trailers, cargo shipments, box cars. etc.

    I wonder about how easy it may be (for small orders) to pre-program a small, remote control DRONE to fly over the border at night? I also wonder how many drone-signal jamming systems are placed along the borders to prevent drug smugglers from using this technique?

    The best advice, is to already have your PM’s where you want them, and hope you never have to transport the entire bulk of them, because even the ROAD cops love to pull over “out of state” cars, just to check to see what they can confiscate.

    That explains why gypsy groups, and the group known as the “Travelers” (Irish background), when they begin their scamming migration during the summer months to do “roofing, blacktop repair, etc”), they are known to stop at places near the state borders and change license plates to help hide their identities and avoid being pulled over just because they have “out of state” plates.

  • Carlos

    The way i see it they will do just as they have done in the past since it has worked so well. They will use fraud and deception to fool people into giving up their property. A quick review of the decree clearly states “all persons are required to deliver”. Persons are defined in code to mean corporation. So this means “all corporations are required to deliver their gold. You see the birth certificate name is a registered corporation agency of the federal government of the UNITED STATES CORPORATION. No people were required to turn in their gold. Just a little fraud in the change in the meaning of words and presto the people got duped out of their money for lack of knowledge, just like it says in the bible. “My people are destroyed for lack of knowledge”. Same thing with lawful money vs elastic currency(legal tender). The federal reserve note is both lawful money(for people(private)) and legal tender for persons(aka corporation agencies(public)). Public money is taxed and private money is not. Redeem your cheques in lawful money and don’t pay tax. Use the birth certificate person and you will pay tax. They always assume presume you are a person using public money. A taxable event. Watch this video.

  • Ed_B

    Whatever our perception of what the government might do, consider that governments tend to do incredibly stupid things when they become sufficiently desperate. Seizing private property of all kinds is not beyond their capacity for stupidity. Saying that “they will never confiscate gold or silver” is irrational, IMO, because none of us KNOWS what they will do when sufficiently motivated.

    Instead of wasting time on that, we all need to spend more time converting our wealth into things with intrinsic value that are as far off the radar as we can manage. This will not be a lot of things because the government is VERY far reaching. PMs are ideal for this because they can be purchased and then deposited in our accounts at The Bank of Mother Earth. This leaves no deposit paper trail… unlike real estate and other assets. Even if we buy PMs from an on-line vendor, they tend to get lost in various “boating accidents”. 😉

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