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'Confiscation' page added to GATA's Internet site

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Published : February 06th, 2012
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FOLLOW : Confiscation Gata





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:

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" --

-- 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.

Join GATA here:

California Investment Conference
Saturday-Sunday, February 11-12, 2012
Hyatt Grand Champions Resort
Indian Wells, California, USA

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit:



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