-- Posted Monday, 6 February 2012 | | Disqus

Dear Friend of GATA and Gold:

Because of recurring interest in the issue, GATA has added an indexed page at its Internet site devoted to the possibility of government confiscation of gold and silver. The page is now the first listed in the "Articles" section in the left column of our home page.

At the moment the page has one entry, our dispatch from October 2007 reposting our correspondence with the U.S. Treasury Department two years earlier, in which the department's chief counsel for the Office of Foreign Assets Control explains candidly that, upon proclamation of an emergency by the president of the United States, the department claims the power, under the Trading with the Enemy Act of 1917 and the International Emergency Economic Powers Act of 1977, to seize or freeze not only privately owned gold and silver but any privately owned financial asset:

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

This statement from the Treasury Department remains the most definitive we've seen. It strongly suggests that, despite the stirring last lines of all four verses of "The Star-Spangled Banner" --

http://www.usa-flag-site.org/song-lyrics/star-spangled-banner.shtml

-- gold and silver investors in the United States might want to place some of their assets somewhere else, in a free country.

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

-- Posted Monday, 6 February 2012 | Digg This Article | Source: GoldSeek.com

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