Familys Gold seized for being transported

This should be a warning to all. Keep it safe, as desperate governments do desperate things and will create any reason to steal from you.

One Ton of Gold Worth $7.5M Seized from Small Car: Video - Bloomberg

The guy was illegally smuggling gold across borders...
So what... It is the price of illegal activity..

Try smuggling drugs across boarders and get caught..


Jerry

Seriously? Talk about anti-climactic! Crap like this belongs on reddit. Back to lasers!

Ill keep it in mind next time I decide to clear out my bullion and ship it over the border...:crackup:

I believe from 1933-1974 it was illegal to own gold, and was frowned upon as a form of hoarding.

Just looked up, found wiki, words words, letters and numbers, but here's the article: Executive Order 6102 - Wikipedia, the free encyclopedia

This isn't to say that if you owned gold, they'd find you, but that the government would buy your gold from you at the current market price if you came forward with it (and then profit from the increased demand along with their own increased supply).

But yeah, smuggling gold, tsk tsk tsk.

How did the small car drive with 2000Lbs of extra weight in it?!

This reminds me of the movie "The Italian Job". GREAT movie BTW. You guys should all watch it if you haven't.

That sucks, but it WAS illegal.
Jumping to the conclusion that the government is going to steal your sht is some paranoid schizophrenic nonsense, and it doesn't do anything for your credibility.

Going a bit OT...

Cyparagon said:

That sucks, but it WAS illegal.
Jumping to the conclusion that the government is going to steal your sht is some paranoid schizophrenic nonsense, and it doesn't do anything for your credibility.

Click to expand...

Being in my late twenties... what do you call asking me to pay into social security, of which I am not likely to ever see a penny back?

InfinitusEquitas said:

Going a bit OT...



Being in my late twenties... what do you call asking me to pay into social security, of which I am not likely to ever see a penny back?

Click to expand...

We old guys call that "Damned good of you"

Peace,
dave

What ticks me off is, in reality, if the same amount of money as I am forced to pay into social security, if I invested in low risk funds, I'm be getting a whole lot more back come retirement.

You also have to wonder how long the house of cards can last...

To me it's really the government itself that represents the biggest problem, and drag on the economy.

What do you call it when you fail to report income? - Tax evasion.

What do you call it when Uncle Sam misplaces a few billion? - Just the start.

Social Security is one of the U.S. government's most successful programs. It has a solvency life of more than 20 years, currently.

When one lives in a society, one makes the bargain of living according to that society's conventions. Long ago, before you or I were born, and clearly skipped by your history books, to live passed a certain age in this county was an abysmal concept. It's the Appalachian mountains, it was not uncommon for old folks to be lead into the mountains to die. Each region had it's own cruel means of letting old people die when they could have been cared for.
What you are forgetting is that our nation decided that it was no longer acceptable to allow old people, who worked hard all of their lives, to die miserable deaths with no care, health or otherwise. We chose to use our system of taxation to create a safety net for those who built our country before us, and made it was it is for us, a hand, nay, a repayment in the form of a tiny sum of money to help them have a decent quality of life.
It is not a perfect system, but it is neither wrong nor broken. If you don't think it's fair, it's because you're short-sighted. If you worry that it won't be around for you, pressure the republican officials who want to destroy it. Hundreds of leading economists have come out, squarely, against privatizing SS because of it's volatility that I won't argue here; Suffice it to say, they no more about economics than you or I.
Quit your bitching about what's yours and make a choice to worry about what is everybody's and how it can be better.

You're kind of missing the point.

I have no problem with taxes, or the social security program itself.

What I have an extreme problem with, is how the money we contribute gets used.

I absolutely think it is not fair that billions are simply misplaced.

You just keep on cheerleading though, government knows best, and never makes a mistake...

Cyparagon said:

That sucks, but it WAS illegal.
Jumping to the conclusion that the government is going to steal your sht is some paranoid schizophrenic nonsense, and it doesn't do anything for your credibility.

Click to expand...

As BShanahan14rulz stated above, governments have already done this.. Executive order 6102, which basically gave them the right to take your gold, and in return gave you some worthless inflated green colored paper. When the dollar crashes, they will probably do this again, although I don't think it will work out too well. If you have investments in gold (not physical gold) consider that cyprused.