... So how much gold is there above ground?
Total 165,600 metric tons above ground stock
1 metric tonne = 32,150.746 Troy ounces
Total 5,324,163,537 Troy ounces
Price Quote at $1,424.00 per ounce
Total value in U.S. Dollars = 7 Trillion, 581 Billion, 608 Million, 876 Thousand and 688 Hundred Dollars of all gold worldwide.
Since the US Mint reports that Fort Knox stores 147.3 million troy ounces, current redemption in U.S. Federal reserve notes would be approximately $366,261,298,432. That is a drop in the bucket against the outstanding Federal obligations, which exceed world GDP...
... If all the gold in the world has a current value of less than eight trillion dollars, how much could be bought by the Forbes 2011 Billionaires List, which breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion). How much do they already own?
What is never disclosed in official statistics of wealth ownership are the names of the true underworld bosses of the global controllers. The shadow manipulators conceal the extent of their money hordes. Most public lists painstakingly omit the master criminals. Their plan is to buy real assets with counterfeit notes obtained through illicit profits from rigged markets and phony financial derivative instruments.
When the banking system finally collapses with mathematical certitude from the burden of compound interest, these same crooks will be prepared to provide a specious substitute...
... A most revealing fact is that central banks and governments do not possess the bulk of gold supplies. The World Gold Council publishes an astounding pie chart, 83% of above ground stocks are in the hands of industry, investment and jewelry concerns. This overwhelming percentage points to an alternative to the fiat paper debt created banking tyranny.
Only individual ownership of gold, directly in your own possession can preserve any store of value when the next Draconian level of the Totalitarian Collectivism system is imposed after the financial meltdown hits in earnest...
... Remember that tyrannical regimes are always arbitrary. Executive Order 6102 was signed on April 5, 1933, by U.S. President Franklin D. Roosevelt 'forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates' by U.S. citizens. This kind of blatant violation of the U.S. Constitution is routine. Citizen ownership of gold could very well become illegal again. However, if it is, you will already know you are a pawn in a fascist state.
The risk banning gold ownership and government confiscation is always real for individuals. However, the prospects of rounding up gold bullion as contraband from banking institutions or the chosen and privileged financial elite, would require a coup d'état. The establishment will sacrifice hundreds of millions of expendable serfs, before it relinquishes the reins of superiority over the humble taxpayer.
An underground barter economy will thrive, while it is condemned as a black market... As long as the same globalists retain political rule, you can bank on the scheme proposed to be another sophisticated attempt to rob and enslave you, all over again..."
While government might confiscate gold and silver, i suspect they will not. More likely, they will make cash scarce and require most transactions to be digital. Then they will tax your gold and silver "profits" per the digital records. Likely, at that point, barter will be considered tax evasion. To collect the gold and silver, they might offer a "tax credit" if you sell to their approved buyers.
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