David Ganz: How gold confiscation could happen and what you can do about it

10:28p ET Wednesday, October 5, 2011

Dear Friend of GATA and Gold:

Writing for the Internet site of Centennial Precious Metals in Denver, USAGold.com, New York lawyer David L. Ganz, who specializes in precious metals and numismatic law, has produced a detailed and fascinating history of gold confiscation in the United Sates and commentary on the applicability of current U.S. law to gold ownership. Ganz's report is headlined "Gold Confiscation: Here's How It Could Happen -- and What You Can Do About It" and you can find it here:

http://www.usagold.com/gildedopinion/gold-confiscation-ganz.html

Ganz's report overlaps a bit with the information contained in GATA's long correspondence on the confiscation issue with the U.S. Treasury Department six years ago. As far as we know, that correspondence contains the most recent official statement from the U.S. government as to how it perceives its powers. (At GATA's Gold Rush 2011 conference in London in August, geopolitical analyst James G. Rickards called these powers "dictatorial.") GATA's correspondence with the Treasury Department is headlined "Treasury Claims Power to Seize Gold and Silver -- and Everything Else" and you can find it here:

http://www.gata.org/node/5606

While GATA has never been obsessed with the danger of confiscation, our general advice has been that people should amass all the gold and silver they can, find a safe planet to keep it on, and, when they do, let us know.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.