Gold confiscation??
Posted: January 29th, 2009, 8:42 am
What do you think the elites' next step will be? We know that the economy is going to be used to implement some very unpopular things. Do you think a time will come when we'll need to apply for a licence top buy more than a week's supply of food etc?
Exchange Control Act 1966 to 1971
In this period, it became illegal for UK residents to continue to hold more than four gold coins dated after 1817, or to buy any gold coins unless they applied for and were granted a collectors licence from the Bank of England. This was implemented by a 1966 amandment to the Exchange Control Act, 1947. The Dealers, ourselves included had to obtain a dealers licence. It came at a time when interest in collecting all kinds of British coins was blooming in anticipation of decimalisation in 1971. The licensing had the effect of stifling the burgeoning market among new collectors, may of whom started collecting pennies from change. They could no longer graduate to gold coins, as they had to already have a gold coin collection in order to qualify for a licence.
http://www.taxfreegold.co.uk/banksother ... alers.html
Exchange Control Act 1966 to 1971
In this period, it became illegal for UK residents to continue to hold more than four gold coins dated after 1817, or to buy any gold coins unless they applied for and were granted a collectors licence from the Bank of England. This was implemented by a 1966 amandment to the Exchange Control Act, 1947. The Dealers, ourselves included had to obtain a dealers licence. It came at a time when interest in collecting all kinds of British coins was blooming in anticipation of decimalisation in 1971. The licensing had the effect of stifling the burgeoning market among new collectors, may of whom started collecting pennies from change. They could no longer graduate to gold coins, as they had to already have a gold coin collection in order to qualify for a licence.
http://www.taxfreegold.co.uk/banksother ... alers.html