Gold Price Hits All Time High, Silver at 41 Year High AGAIN!!

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Comment by TheLasersShadow on April 25, 2011 at 9:38am: @Lewis, JPM does have many very smart people working for them lol they know that the US government as well as the FED have them on the "to big to fail" must bail out list. Even if Osama Bin Barack keeps his promise of no more bail outs the FED will step in and bail them out with their unlimited authority likely in secret. That will be the only reason we might not see a JPM default... come to think about it they MAY HAVE ALREADY been bailed out we just have no clue as to the FEDs business.

Comment by TheLasersShadow on April 25, 2011 at 9:31am: "When the government comes for your gold and silver give them lead." -To Quote A Red Blooded American I Know.

A confiscation wouldn't fly today at all, there's just no way I can see a bunch of clad black storm troopers succeeding in robbing all of America for what's left of our real wealth gold and silver and handing them toilet paper in return. Especially since not a gram of that metal would be going to pay for Americas needs, all of it would end up in some foreign bankers vault. No thats why the founding fathers created the second article of the bill of rights.

Comment by truth on April 25, 2011 at 8:51am: Will governments confiscate gold?

As concerns mount that there is another financial crisis in the offing and the gold price rises, American investors worry increasingly about whether the US government will confiscate their gold. The precedent was set by President Franklin Delano Roosevelt, who in 1933 forced all of America’s gold owners to sell their bullion to the Federal government at the official price.

Submitted by denmason

Comment by Lewis Eckard on April 25, 2011 at 7:44am: JPM is not a group of stupid people. They MUST know what is happening. Why have they not done something to stop it? IS there anything they can do to stop it? If JPM does default because of the silver "rush," what will that do for our economy? Will the result be a good thing, or a bad thing? Not for JPM, but for the everyday folks like us.

Would it be safe to say, if you own silver and the dollar crashes, the silver you hold will not be worth anything other than a bartering tool? I started buying silver way late in the game. I currently hold 23 silver rounds. In my mind, I need to hold them until the very last minute, sell them, take the dollars and buy as much provisions as I can and then sit back, hold on to my hat and do my best to enjoy the awful ride.

I am not a financial expert, thus my questions. I am hoping that there are others here that are in-the-know, that would be willing to help me KNOW.

Comment by truth on April 25, 2011 at 7:38am: I can only see door to door confiscation of gold here at some point. too many nwo types in the gold selling game it seems. hide ur chit well

Comment by TheLasersShadow on April 25, 2011 at 7:12am: Your Silver rounds / coins are now worth $50 plus!! I've made more money in the past year on my silver than I've made total in my lifetime!! Max Keiser has predicted that JPM is going to default at $47-48 a silver oz so look for rumblings of that at the end of the month, next month at the latest depending on how baddly JPM and others naked shorted the silver market...? You have to understand these guys are losing tens of millions of dollars (maybe hundreds of mill?) for each dollar silver goes up. If it's $50 an oz now with out a default from JPM I can only Imagine the parabolic chart we're going to see when they do $80-$100 an oz?!!!? MORE?!?!