Julian D.W. Phillips has been involved in the financial and precious metals markets his entire career. He’s written an article on GoldForecaster.com in which he lays out the case why gold confiscation or exapropriation is inevitable. He believes that the current system will become so debt ridden and dire that a reversion back to gold will become inevitable. When this occurs he thinks that governments will refuse to allow gold to stay in the private hands. This will lead to another ownership prohibition. Government will take that gold and use it to shore up the new monetary system. Julian has got a way around it and we hope it works. Moreover, we hope that the failed confiscation scheme won’t be tried again. But as the man once said, “When the legislature is in session, no man’s life liberty or property is safe.” So secure yours now.
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