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
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Can the government confiscate your gold? This is a question that has haunted many gold investors throughout history. The mere mention of government confiscation brings to mind the darkest days of economic turmoil and crisis, where citizens were forced to hand over their precious metals to a struggling government. But is it still a threat in today’s world? E.B. Tucker, a renowned expert in precious metals, sheds light on this topic and warns about the potential dangers lurking underneath.
In an interview titled ‘The War Against Your Wealth,’ E.B. Tucker addresses the issue of government confiscation and its relevance in the current landscape. Tucker, the director of Metalla Royalty and author of “Why Gold? Why Now?” shares his insights on why owning gold remains an invaluable safeguard against government interference.
Tucker starts by pointing out that while government confiscation of gold is often associated with the United States in the 1930s, it’s important to note that different countries have different histories. Some nations have indeed confiscated citizens’ gold at certain times, but in others, gold ownership has been consistently respected. This raises a crucial point: the risk of government intervention should not be taken lightly, but it also depends significantly on the specific governmental context.
One of the primary concerns Tucker addresses is potential economic crises. Throughout history, whenever governments face severe economic challenges, they tend to resort to desperate measures. The unprecedented levels of debt witnessed today, combined with the lingering effects of the COVID-19 pandemic, create an environment ripe for economic turmoil. In such situations, governments may resort to actions that lead to heightened intervention and potential confiscation of wealth.
In the midst of economic uncertainty, gold has historically proven to be a safe haven asset. It is a tangible store of value that cannot be easily manipulated or inflated away by governments. Tucker emphasizes the fact that owning gold allows individuals to hedge against economic storms and protect their hard-earned wealth.
Furthermore, Tucker highlights the importance of diversification. While gold is certainly valuable, investing solely in gold may not provide the desired level of security. It is wise to hold a diversified portfolio that includes various assets like equities, real estate, and precious metals. This multifaceted approach helps mitigate risks and ensures that wealth is spread across different categories.
So, can the government confiscate your gold? Despite the historical precedence for such actions, the situation today is far from certain. Tucker emphasizes the need for vigilance but also highlights the potential rewards of owning gold. He encourages investors to stay informed, assess their own risk tolerance, and make decisions accordingly.
Ultimately, E.B. Tucker’s insights provide a valuable reminder of the importance of protecting one’s wealth. While the threat of government confiscation may not be imminent, it is crucial to consider potential future scenarios and take appropriate measures. Investing in gold, among other assets, serves as a reliable safeguard and a means to preserve one’s hard-earned money in an unpredictable world.
Someone just posted a video saying their bank account was canceled and without a warning. The person and their family whose accounts were closed our coin dealers in Chicago. They’re saying this is becoming a major problem trying to force these coin dealers to shut down. Like you said, there will be nowhere to sell your gold or coins. And they’re not letting anybody leave the US unless you were super rich. Nowhere to run and nowhere to hide.
About confiscation. Only 20% of all gold coins minted by the U.S. were actually turned in.
My boating accident was terrible, just terrible. How the hell do I know the fella's name I sold my Silver to.
Democracy IS communism! America never was and is not now a democracy! America is a Constitutional Republic governed by the Constitution of the United States, Bill of Rights, and Declaration of Independence that controls the government to protect the citizens! Not vice-versa! and cannot be legally subverted or changed to remove rights but can be added to! That's the difference between a democracy and The United States of America!
They would
Government in America is supposed to be by The People, not by the corrupt politicians
Put not your trust in earthly treasures were moth and rust destroy, and where thieves can break in and steal!!
Bitcoin has the value of a brass washer . But — government can increase the value proportionate to the national debt .
It sounds like: AMERICANS HAVE TO GO BACK TO THE BARTER SYSTEM.
Yes! The criminal thug Mafia has the guns to rob the shit out of every decent person
I do not think the government will confiscate your gold and silver. The government plan is to come out with CBDC CURRENCY, they will make it illegal to trade in these commodities. The government doesn't like competition and they will do it to cypto currency to.They do not want anything out there that they cannot tax.They will make or try to make these commodities worthless and then when the price is driven down they will let you exchange it for there CBDC CURRENCY
The government has been seizing gold from the people from the beginning of time
Yes the government will seize gold and silver and will seize your account s so then your cash in your account will get taken by the government and only get 10% of your cash this is to off set the debt
Fiat money is enslaving human kind
The people with paper gold and silver will lose it all….. get your product in your hands before the government fucks you all…
Most of these people doing these interviews are sellouts anyway…
Stand up and fight….Think before the thought police take that right away too…peace.
They will try. But the public knows better this time. Because ordinary Americans are buying it.
Yes it can and will. It will get the invoices issued by every bullion company and then get to you.
Was nice to hear a guy be truthful about wealth. The government is intentionally keeping precious metals below market value. I just disagree with him on one thing. Once they move to a digital currency precious medals will raise in value on the black market and he stated it would be too dangerous to move precious medals on the black market. I think it will be a lot less dangerous than he assumes simply because the government is going to push good people into that market. it won't be as bad as he assumes, IMO. But I thought the man was very frank and realistic!
Very informative.
Governments will control Bitcoin
1930 ..long ago ..laws have changed .. Constitution protects us .
They can't..private property
Well Science Fiction caught up to us fast!!!! Can't say enough!!!!
Joshuafrey, you are very naive, hide your money under the bed, sorry mate as your money is only valuable while the government backs it, your money is a form of iou, they have the power,you my friend have none.
This man is the first person who has hit the nail on the head, people take note, he speaks the truth
No
Speaking of MTA and NOVA, please work on getting the stock prices back up. Thank you in advance.
Did they "confiscate it or ask/threaten people to turn it in?
congrats interview