On the June 24, 2010 episode of The Korelin Economics Report, Steve Carr of Alliance Investment Group said in the first segment:
“We really encourage people in their diversification, to consider silver above ground, because it’s never been confiscated in the history of this country, and own gold under the ground.“
However, silver was confiscated by the U.S. government in 1934, with President Franklin Roosevelt’s Executive Order 6814.
In January 2010, I wrote about the historical confiscation of gold and silver as one of the reasons why platinum is the overlooked investment metal and currency.
I presented (free of charge) the 2 most important documents EVER on the subject of silver/gold nationalization/confiscation—the first a 312 page report at Silver Investor, which ran during the Summer of 2009–on Roosevelt’s gold & silver seizure—it was intentionally ignored by GATA due to Powell trying to pin undeserved demerits on me in May 2009—the other is The Silver Stealers, which GATA again refuses to give any pittance of recognition to. Read it (not “skimming over”) THEN decide is it of major importance. Because GATA went out and got a charter does not signify I gave any consent to be governed by it. No one associated with them has probed 1% of the depth I have into the Powers back of the President, who could order a second nationalization. http://www.nosilvernationalization.org has the 312 page report covering 1933 through early 1937 when Americans were ripped off of their metals by Roosevelt’s buddies in The Pilgrims Society (global financial racketeers sponsored by the British Crown!)
So now we see that silver HAS been confiscated before, and in a sense attacked even more than gold by the banksters controlling government, when they killed JFK in recent times after trying to re-issue the Silver Certificate.
As for holding gold underground, instead of the actual metal, you are only a small step up from paper and promises. Gold in the ground is all speculation and hard work until it is PURE and minted. Mines open and close on quick trends, and can not PROMISE you anything more than a Fraudulent
Reserve Note. Get the metal, not the paper, or a bag of dust somewhere in South Dakota.