Everyone Has to Have Some Gold Out of the System

People in power want to stay in power. And if it means abrogating your debt obligations, pension fund obligations, Medicare obligations, and/or seizing assets, in a sense, in the previous part of this conversation, they are seizing assets already. They are not letting the savers make money so that the banks can make money. It’s already a seizure of assets that’s taking place.

But in its extreme, when they have to somehow make day-to-day decisions, yes, do I worry that 401k contributions could be confiscated. Yes, I worry about that. I worry that they could attempt to confiscate gold. People who are in power that are in desperate situations do desperate things. That’s why everyone has to have some gold and silver out of the system.

- Source, Eric Sprott via King World News: