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Could Ownership of Companies Like Silver Wheaton Be Outlawed?

Without a GOLD STANDARD it would be very difficult for any group of politicians to outlaw the private ownership of gold. It would bring into question the value (or lack thereof) of fiat currency (which rational monetary historians know is worth the paper it's printed on). The currently clueless fools will start asking the question "if the government wants to use gold as money, then why do we currently use paper?"

Could Ownership of Companies Like Silver Wheaton Be Outlawed?

FDR outlaws the owning of gold, and guess how many Americans were prosecuted under the law?? ZERO. Even people who wanted to be prosecuted and let their private ownership be known were prosecuted. Why were they not prosecuted? Because FDR was scared that a court challenge would find the law unconstitutional.

Congress and the President can pass any law they want. If an idiotic Supreme Court actually let the law slide by, you would see the a thriving black market for precious metals.

Don't Miss the Coming Gold Bull

I'll very bullish on gold, but I am looking at another round of forced selling as we are about to face a second huge wave of mortgage writeoffs and losses in the financial industry. 2006-2007 saw the majority of subprime mortgate resets. The majority of Alt-A and ARM loan resets (50 to 70% of which are expected to default) occurs from late 2009 through 2011, and the magnitude of the losses will be just as impressive. Forced selling may yet keep gold prices low.