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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (96720)	12/12/2003 12:47:09 PM
From: Chispas	Read Replies (2) \| Respond to of 116943

"Confiscation Move Begins?" "A number of banks, Washington Mutual, Sterling Savings Bank, and Venture Bank among them, reportedly have sent out "Changes in Terms" notices to all of their customers. As of January 1st say the reports, you won't be able to store cash, or gold or silver in your safe deposit boxes! I've written to Washington Mutual for a comment, but haven't heard back from them yet. Most people don't even read the "change in Terms" because it's not a negotiated thing. You accept the terms or find another bank. So these "notices" usually get "round filed" without reading. Except by our sharp-eyed readers. Confiscation set up? The fine print and a few scattered calls seem to indicate that this is being done under the disguise of "National Security", but it's a far stretch for us to figure how our small pile of coins in a safe deposit box constitutes a threat to the country. Unless the buck is in bigger trouble than we ever thought - and judging by overnight currency moves, that could very well be the case! Please call your bank today, and ask them if it's true that no bullion/coins/currency will be allowed in their safe deposit boxes starting January 1st. and then file a report by clicking here. If it turns out to be true, one could infer without being written off as a Looney (a crazy person, not the Canadian coin) that the events of post 9/11 are being used to set up gold confiscation. Especially when you couple this development with reports that Homeland Security has sneaked through authority to force all gold sales books - including coin shops - be opened for federal inspectors. How would you set up confiscation? Like I need a safe deposit box for storing my car titles and such? That's why cars are registered and we have things like lost title reports and the like. We might be at that place I warned of couple of years ago, when I advised readers that as we buy gold (at $260) it should be in U.S. Eagles or Canadian Maples because the Eagle is coin of the realm - and harder to confiscate, and with NAFTA, if there is a shiny side to that beast, it may be that having a little Canadian money around the house is excusable. The no brainer investment of a lifetime? Investing in a home safe mounted in lots of concrete and rebar that you don't talk about." urbansurvival.com