GOLD CONFISCATION SETUP???

Is gold being setup for an easy take by the government?

Investment flowing into gold-backed, exchange-traded funds jumped to an all-time high in the first quarter, boosted by a combination of fear, greed, risk aversion and economic uncertainties.

According to the World Gold Council, investors bought a record 469 tonnes in gold ETFs during the quarter, surpassing the previous high of 145 tonnes set in the third quarter of 2008. Total bullion holdings in gold ETFs rose to 1,658 tonnes in the first quarter, WGC said in its quarterly investment report.

…GLD, the world’s sixth-largest gold holder behind the government of Italy, saw its holdings surge 75 percent in the last 12 months.

Great! And what if the big O decides to confiscate gold? O and his administration won’t have to do what Rooevelt did when he confiscated gold. All that will have to be done is to take the gold out of GLD and any other ETFs, and replace it with Federal Reserve Notes. It will all be there nice and neat for the big grab!