Gold: What if We're Wrong

So the Monex guy tells me to buy some gold and silver and store it with Monex. "If you keep it in the banks, the govt could seize it." I responded that he was nuts if he thought the long arm of the feds would consume only banks and not metals dealers like Monex.

But I got to thinking: What if I did everything right in trying to stay one step ahead of the Fed Reserve. I bought gold and silver just before our currency collapse, stored it safely, and now watched it surge 50 fold in a few days. "I'm rich!" "I've outsmarted Ben Bernanke!"

Then I see the headline during an Obama press conference: US Govt to Confiscate All Gold and Silver. To be Converted into New Bancor World Currency.

For those of you who think I'm ingesting Peyote (I actually am, but thats besides the point here), Roosevelt confiscated gold in the 1930s and its owners got a devastating exchange rate into dollars. Failure to comply resulted in 20 years in prison or sex with Babe Ruth. Most opted for prison time.

Lets say I agree to the exchange. WOW! The govt didnt even give a reach-around while they converted my gold/silver into a tenth of their value. Here's how I know. One bar of gold pre-confiscation got me about 16 barrels of oil. These new Bancors would only get me about a barrel and a half, if I had to estimate.

Fuck it. I'm keeping my metals, I say to myself. OK. So now I need some shit: Burritos, gas, Table dances. You can't exactly stick a bar of silver in a G-string. She might get a broken toe. All the metals dealers/banks are in compliance. Can't go there. The Mexican Cartels will give me 2x what the feds will, but they also need to use my garage to make some viagra-laced crystal meth. And no, they won't give me any free shit.

So I'm fried. I did everything right. Stayed one step ahead of Ben and Tiny Tim, invested wisely, got rich on paper if only for an instant. In the end it didnt matter. Oh and all the other metal bugs are in my shoes too. They're all looking to cash out for something of value. So black markets aint much better. Now all you Bernanke-loving assholes see why sound money policy is something not to be fucked with.