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– Towards Liberty –
A COMMENTARY ON CURRENT EVENTS
– by Jarret Wollstein –
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Will Your Safe Deposit Box Be Seized
During The Next Emergency?
(What you can do now to protect your valuables)
– 02-28-06 –
A few weeks ago I received this alarming e-mail:
"Bank of America and Compass Bank managers (probably all other
U.S. banks too) have been instructing their employees in the last few weeks on how to respond to
customer demands in the event of a collapse of the U.S. economy – specifically telling the
employees that only agents from the Department of Homeland Security will have authority to decide
what belongings customers may have from their safe deposit boxes – and that precious metals
and other valuables will not be released to U.S. citizens."
"The bank employees have been strictly prohibited from revealing
the banks' new 'guidelines' to anyone (however, employees have been talking to friends and family)."
I am currently attempting to verify this information, and I will
let you know when and if it is verified. However, it’s all too believable in today's America. And
it wouldn't be the first time that gold and silver were confiscated by the government.
On March 9, 1933, in the wake of a major bank crisis, President
Franklin Roosevelt confiscated all privately-owned gold and silver declaring:
"I hereby proclaim that such gold and silver holdings are
prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered
within fourteen (14) days to agents of the Government of the United States."
"All safe-deposit boxes in banks or financial institutions have
been sealed pending action in the due course of law."
What makes the possibility of a new seizure of gold and silver
very believable is that an "economic emergency" could be declared if any of these events take
place:
- Wholesale dumping of the dollar by foreign investors
- A nationwide housing crash
- An all-out U.S. attack on Iran (which could take place as early as this March)
- An embargo on the sale of oil to the U.S. by Venezuela, Iran or other major producers
- A major new terrorist attack on the U.S. (There were trillions of dollars in economic losses after 9/11. Next
time will be worse.)
- A severe U.S. recession.
5 Ways Protect Your Valuables
To protect yourself from government seizure of your valuables, I
recommend that you take these steps as soon as possible:
- Get your precious metals and other valuables out of U.S. safe deposit boxes as soon as possible. Also don’t
leave any records of your ownership in your box.
- Get a high-quality home safe, hide and secure it well, and keep your valuables there.
Tell no one about your home safe or any precious metals, jewelry and other valuables that you own. That
includes your relatives, your children, your attorney, and the IRS.
- If you are uncomfortable with keeping precious metals around your home, consider getting a Canadian safe
deposit box.
- Another alternative is to buy Perth Mint Certificates, which enable you to buy and store bullion in a repository
in Australia.
At a future date, you can have your metals shipped to you anywhere in the
world or cash in metals when they are worth much more than they are today. Tell no one about your ownership
of these certificates.
You can purchase Perth Mint Certificates from:
Asset Strategies International
1700 Rockville Pike, Suite 400
Rockville, MD 20852-1631
800-831-0007, 301-881-8600
Fax 303-881-1936
www.assetstrategies.com
Dillon-Gage Metals Division
15301 N. Dallas Parkway
Addison, TX 75001
800-375-4653, 972-386-2901
www.dillongage.com
- Invest in shares of well-managed gold mines such as Glamis Gold (GLG), Goldcorp (GG) and LIHIR Gold
(LIHRY). There shares are up 20% to 35% since December 2005.
If the U.S. government is even thinking about confiscating gold and
silver again, you can be sure precious metals are about to soar.
To view back issues of Jarret Wollstein's Towards Liberty, Click here.
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