Gold Confiscation in the U.S.
Gold Confiscation in the U.S. by Rory, The Daily Coin
GATA reported yesterday, and we picked up the story, about a golden rooster being confiscated by the Treasury in 1960. The rooster weighed in at a hefty 14 pounds of solid gold – that’s a lot of gold. The rooster was commissioned by a Las Vegas casino that would later become the Golden Nugget. The casino acquired the name after they had acquired one of the largest gold nuggets ever dug out of the ground. The current gold nugget is on display, named “Hand of Faith”, can be seen daily as it is on display in the lobby of the hotel/casino. The rooster is gone forever into the clutches of IRS thugs and is probably on display in one of the fed heads trophy cases.
Not only is this rooster a very large piece of gold it is a stunning piece of art that was handcrafted by a local artisan.
We also learned how the Treasury Dept. stole, I mean confiscated, 10 1ounce double gold eagles from the Langbord family in 2011. These gold coins, which are some of the rarest gold coins in the world, have an estimated value of around $80 million or $8 million per coin. The St-Gaudens Double Eagle, originally minted at the Philadelphia Mint and only produced a little more than 445,000 coins. All but a handful were melted down and made into bars and supposedly these bars now reside in Fort Knox. There was a mint employee that confiscated (see how that works!) a few coins and sold or gave to a coin dealer named Israel Switt. All other coins are lost to history.
The Treasury is to this day stealing people’s wealth on all fronts, taxes, inflation and asset forfeiture. Billions and billions of wealth are stolen from American citizens through these wealth transferring mechanisms. What more can be said other than – if your family finds gold coins stashed in a wall of the family home or locked away in a safe that hasn’t been opened for decades – keep your mouth shut – loose lips since ships. The government is not “here to help”, they are here to steal your wealth and make your wealth their wealth. If you want to sell a coin or two do your research, find a good coin dealer at the local flea market or other “off-the-beaten-path” location and develop a relationship with that dealer. Maintain that relationship for several months or even a year or more BEFORE discussing any coins you have in your possession. I am not suggesting anyone steal from the government, I am merely suggesting your wealth is your wealth and it is the business of no one else – no one.
The Longbords family is, to this day, attempting to retrieve their coins. My guess is these coins will never be returned to the family and, like I suspect with the golden rooster, are in the trophy case of one of the fed heads or Treasury Dept. employee’s trophy case. Wishing the Longbords all the luck in the world ’cause they’re going to need it. So, if you think the government will not confiscate your gold please re-read this article. The Longbord family is still appealing this case in 2017. The coins were originally confiscated in 2011, six short years ago. Loose lips sink ships and your wealth is no one’s business but you and your immediate family. These are the only people that need know about any gold or silver you may possess. Not suggesting anyone break the law in any shape, form or fashion, but reminding people gold is hated by the government because it lives in an opaque world – it may be best to allow any gold you may possess to enjoy the world it feels most comfortable.