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Category: Gold Confiscation

Purchases of physical gold accelerating

Now that Europe has reminded everyone that bank deposits are fair game for government confiscation in times of bank or State stress, I’m expecting to see demand for “real hard” assets picking up. And capital flight FROM JAPAN to productive assets to accelerate, including into gold. Quietly at first, then blatantly. (I believe it is

Even asset managers fear gold confiscation

The issue of gold confiscation has long been the primary scare tactic behind the sale of overpriced collectible and numismatic coins. So pervasive has the fear become that even asset managers who control billions of dollars fear confiscation—according to mineweb.com’s top story for 2010.

The story, posted June 10, 2010 on Mineweb.com’s site became the site’s “top story,” which probably means the article received the most hits of all the articles posted on the site in 2010. The question remains: Is the fear valid or has the story been told so many times that it has taken on a life of its own?