US Government Will Confiscate Gold When It Touches $2000

Jim Rickards discusses gold and the importance of the barbaric relic in geopolitical terms. As Rickards is trying establish his thesis on gold and the dictatorial powers of the USA, the hosts and guest promptly do their best to downplay the importance of gold and Rickards' analysis. Gold hit $1700 this morning and Rickards calls the United States a gold superpower and the Saudi Arabia of gold. He also mentions how the US could simply confiscate gold not only of its citizens, but that of other nations' gold that is stored in the USA. Jim Rickards has some interesting points of view and always provides great insight and analysis, even if he is ridiculed by those who proudly claim they don't understand gold, like those on this interview.
http://www.youtube.com/watch?v=L-yST98PMkU

The Gold Confiscation Of April 5, 1933
http://www.the-privateer.com/1933-gold-confiscation.html

in 1933, Franklin Delano Roosevelt dealt with a monetary and banking crisis by confiscating all privately owned gold; paying for the gold at $20.67 per ounce; immediately devaluing the dollar by 40 percent; and setting the price of gold at $35.00 per ounce. At a single stroke, Roosevelt increased the government's gold assets, stabilized the monetary system and increased wholesale prices by more than 33percent. However, he also inflicted losses of 40 percent on gold owners and stripped them of the gold that they saved to insure their financial futures
http://www.blanchardonline.com/beru/confiscation_1933.php

Question then is how much gold is there really in the US? As all US gold, also all gold confiscated in 1933, is supposed to be stored in Fort Knox and as there has been no real audit of that gold in decades this matter about how much gold the US really has have been up for debate ever since.

Also question is who owns the Gold stored in the US?
While Keiser's documentary does not identify the Bundesbank spokesman who confirmed the transfer of the German gold reserves to New York, it does provide the date and location of the confirmation: March 17, 2008, at Bundesbank headquarters in Frankfurt. The documentary shows that Keiser was there and got the interview.

After his interview at the Bundesbank, Keiser remarks: "The most fascinating thing I've heard is that all the gold in Germany is in New York."
http://news.goldseek.com/GATA/1249837200.php

A month after President Nixon resigned over the Watergate affair Congress demanded to inspect the contents of Fort Knox but the trip to Kentucky was dismissed by critics as a photo opportunity. Three years earlier Mr Nixon brought an end to the gold standard when France and Switzerland demanded to redeem their dollar holdings for gold amid the soaring cost of the Vietnam War.

Pressure for more openness is mounting after the collapse of the global banking system and renewed interest in a return to the simpler era of the gold standard - a subject that is likely to be raised at the G20 summit next week. China and Russia are calling for the creation of a new world reserve currency amid fears that the Federal Reserve's quantitative easing policy - essentially printing money - might cause hyperinflation, then collapse.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece

Safe Deposit Box?
http://video.foxnews.com/v/3927219/

Maybye, just maybye Nixon had to get off the god standard as there was no gold left in the vault and as they where unable to deliver the gold back to France and Switzerland as they in fact had requested?

Insider Report: US Government Will Confiscate Gold When It Touches $2000
We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it’s confiscated in the USAfor about $200. Then it’s to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011. Large physical gold is being moved to Canada.
http://guerillatics.com/?p=573

In an interview today with Eric King of King World News, geopolitical analyst James G. Rickards, who spoke at GATA's London conference, reviews President Nixon's severing of gold from the dollar in 1971 and speculates that gold will be officially revalued to $7,000.
http://www.24hgold.com/english/news-gold-silver-rickards-sees-gold-being-revalued-to-7-000.aspx?article=3602258064G10020&redirect=false&contributor=Chris+Powell


Soros Dumps Gold, Inciting Fear of Plummeting Price
http://intheendwerealldebt.blogspot.com/2011/08/soros-dumps-gold-inciting-fear-of.html