Gold Confiscation UK ?

[scubajunky]

Hi all,

Gold has been confiscated in the USA before but I don't think it ever has in the UK.

Could it happen in the UK if the global markets crash and financial carnage ensues, do you think they could confiscate your gold in the UK ? 

I'm a bit gutted I spent over 10k £ in one year on gold because I was asked to then provide my passport details to get my next coin.

 

[AppleZippoandMetronome]

I think regardless where you are in the world it would be unwise to think that what happened somewhere else couldn't happen where you are. Bad decisions get made and you should never underestimate the lengths the powers that be would go to in order to retain power and keep the status quo.

[FlorinCollector]

I think if you use different companies you wont be asked to provide any extra information aslong as you stay under the thresehold with each company. 

[Xander]

19 minutes ago, scubajunky said:

Gold has been confiscated in the USA before but I don't think it ever has in the UK.

Mr Corbyne/ McDonnell could soon change that.

[scubajunky]

I'm on the radar now, didn't realize there was a limit per year, ordered and paid for a coin then could not get it delivered until I sent my passport details. They said they would only ever share my details if HRMC specifically asked about me personally.

[richatthecroft]

 

Sorry Messrs Cor- bin & Macdonut, what Gold?

https://www.familyhandyman.com/smart-homeowner/the-ultimate-guide-for-secret-hiding-places-in-your-home/

[HelpingHands]

30 minutes ago, scubajunky said:

Hi all,

Gold has been confiscated in the USA before but I don't think it ever has in the UK.

Could it happen in the UK if the global markets crash and financial carnage ensues, do you think they could confiscate your gold in the UK ? 

I'm a bit gutted I spent over 10k £ in one year on gold because I was asked to then provide my passport details to get my next coin.

 

Kind of.  There was the 1966 Exchange Control Act during which individuals could only hold four gold coins.

There are some posts on here let me find them.............

[HelpingHands]

 

 

 

[silenceissilver]

55 minutes ago, scubajunky said:

Hi all,

Gold has been confiscated in the USA before but I don't think it ever has in the UK.

Could it happen in the UK if the global markets crash and financial carnage ensues, do you think they could confiscate your gold in the UK ? 

I'm a bit gutted I spent over 10k £ in one year on gold because I was asked to then provide my passport details to get my next coin.

 

It's the same with 10k Euros in the EU thus I think it's based on a EU law. It happend to me with one well known dealer in the UK that they told me "we could not verify your address, please provide a proof of a address or we can't send it." I told them they had a proof of my address as they had delivered to me before and they have two choices, sending me the order or refunding me and paying for me to buy elsewhere should the spot price rise. They sent it then.

That means they do background checks, address lists etc. All for your security of course. Unfortunately, my approach won't work in your case as it's based on a law they need to oblige to. Buy elsewhere.

Edit: Of course this law is in place only to tackle money laundering. It has nothing whatsover to do with our rulers being psychopathic control freaks.

[richatthecroft]

2 hours ago, silenceissilver said:

Edit: Of course this law is in place only to tackle money laundering. It has nothing whatsover to do with our rulers being psychopathic control freaks.

I don't lose any sleep or suffer any paranoia about the state, but it is blatantly clear that the state have so much information on us- and if they choose to pursue us for any kind of unpaid tax so on and so forth- then they probably would know more about my financial position than I do!  

I remember a number of years ago my wife and I scrambled around and sold anything and everything we owned that wasn't nailed down on eBay to raise some capital to go toward a house purchase- my eBay account got blocked and to unblock it, I received some kind of declaration form asking for information surrounding the sales- in the name of money laundering- nosey controlling Bastards...

[sixgun]

3 hours ago, HelpingHands said:

 

 

 

This is quite a shock to most of the UK stackers here - that following WWII there were controls on gold for decades. The controls in the 1960's were mocked in Parliament b/c there were virtually no cases of the restrictions being applied but it shows the UK criminal cabal have been willing to bring in their unlawful rules. i wonder if this forum is watched and who says what and puts what on the forum is being recorded. It doesn't affect me as i lost my job recently and had to sell off all my coins. It broke my heart but needs must when the Devil drives.

[sixgun]

2 hours ago, richatthecroft said:

my eBay account got blocked and to unblock it, I received some kind of declaration form asking for information surrounding the sales- in the name of money laundering- nosey controlling Bastards...

How is selling stuff on Ebay money laundering? Money laundering is laundering cash not second hand knick knacks. The more i know the more i know these internet monopolies are simply there to monitor what we think, say, buy, sell..... The internet has become a Gestopo karzi.  

[ilovesilverireallydo]

3 hours ago, sixgun said:

How is selling stuff on Ebay money laundering? Money laundering is laundering cash not second hand knick knacks. The more i know the more i know these internet monopolies are simply there to monitor what we think, say, buy, sell..... The internet has become a Gestopo karzi.  

There are some interesting ways to do it

[HighlandTiger]

.

[augur]

7 hours ago, sixgun said:

This is quite a shock to most of the UK stackers here - [...] it shows the UK criminal cabal have been willing to bring in their unlawful rules. i wonder if this forum is watched and who says what and puts what on the forum is being recorded. It doesn't affect me as i lost my job recently and had to sell off all my coins. It broke my heart but needs must when the Devil drives.

A series of most unfortunate events. First your boating accident with your silver bars, then this. You won't believe it but something similar happened to me, too. All I'm left with is some worthless fiat money

[silenceissilver]

8 hours ago, sixgun said:

How is selling stuff on Ebay money laundering? Money laundering is laundering cash not second hand knick knacks. The more i know the more i know these internet monopolies are simply there to monitor what we think, say, buy, sell..... The internet has become a Gestopo karzi.  

There were visions of something like the internet in the 1950s - but with only one gigantic computer and everyone accessing it via an interface. Only one central sever of course makes 1984 real in that sense that whoever has control of his server can control the internet (and all records on it and therefore change events in the collective memory, at will). In the early days the internet wasn't like this, so this had to be remedied with CIA fronts like Fakebook and Google that were created to spy on everyone. I don't know about Ebay though. The "cloud" is clearly a further attempt to centralise the internet. It will fail though, it's just too doable to decentralise even the whole internet address system and also social media by replacing the existing platforms with social media that are based on the blockchain where thus information is stored on many different servers (the data of one of which can't be altered without the attempt showing up at all other servers) and thus can't be practically censored. Currently there are two such alternative social media in the making, Akasha Eterium and EOS/Voice, the latter one being a more developt version of Steem the existing content of which will continue to run as EOS/Voice.   ...Sorry for getting off the topic a tiny bit.

[Norskgeld]

When gold was confiscated in the US rare or collectable coins were exempt.

This is why my guru Andy Gause (RIP Andy) recommended slabbed and graded numismatic coins rather than bullion.

[PansPurse]

5 hours ago, ilovesilverireallydo said:

There are some interesting ways to do it

Well, that probably explains some of the prices I've seen for items on eBay...

[sixgun]

52 minutes ago, PansPurse said:

Well, that probably explains some of the prices I've seen for items on eBay...

Indeed - i have wondered why widgets and things are listed at $100 000. Richard must have been overestimating the value of his tat. @augur i am still suffering PTSD from that tragic boating accident - it was a burglary not a boating accident - my dog was half kicked to death and i was knocked unconscious.

[augur]

2 minutes ago, sixgun said:

Indeed - i have wondered why widgets and things are listed at $100 000. Richard must have been overestimating the value of his tat. Good to hear Highland Tiger is busy laundering his cash on ebay. 

No wonder he complained that eBay was down 😂 

[goldmember44]

It happened in the UK in 1914 in order to fund the war effort. The public were asked to hand in their gold sovereigns.... and I believe they collected 100 million sovereigns, and also withdrew the sovereign from circulation. That was the end of circulation currency gold sovereigns... 

[silenceissilver]

2 hours ago, goldmember44 said:

It happened in the UK in 1914 in order to fund the war effort. The public were asked to hand in their gold sovereigns.... and I believe they collected 100 million sovereigns, and also withdrew the sovereign from circulation. That was the end of circulation currency gold sovereigns... 

How "intelligent" can someone be to hand over money to the government deliberately?! Ending the gold standard was a very welcome side effect, of course.

Also today, in this case Germans can "donate" to make the national debt smaller and there are actually people doing this. 😑

[goldmember44]

15 minutes ago, silenceissilver said:

How "intelligent" can someone be to hand over money to the government deliberately?! Ending the gold standard was a very welcome side effect, of course.

Also today, in this case Germans can "donate" to make the national debt smaller and there are actually people doing this. 😑

They were given treasury notes in the place of their gold. But still.. it just isn't the same. If it was, why did the government need the gold then to pay off their creditors and fund the war? 

May I ask, why do you think ending the gold standard was a good thing?

[silenceissilver]

17 minutes ago, goldmember44 said:

They were given treasury notes in the place of their gold. But still.. it just isn't the same. If it was, why did the government need the gold then to pay off their creditors and fund the war? 

May I ask, why do you think ending the gold standard was a good thing?

I don't think it was a good idea. It was welcome by the powers that be

[goldmember44]

2 minutes ago, silenceissilver said:

I don't think it was a good idea. It was welcome by the powers that be

Ah, I see, sorry I misunderstood