Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
S&P 500 – Is a 5% Correction Enough? - 6th Dec 21
Global Stock Markets It’s Do-Or-Die Time - 6th Dec 21
Hawks Triumph, Doves Lose, Gold Bulls Cry! - 6th Dec 21
How Stock Investors Can Cash in on President Biden’s new Climate Plan - 6th Dec 21
The Lithium Tech That Could Send The EV Boom Into Overdrive - 6th Dec 21
How Stagflation Effects Stocks - 5th Dec 21
Bitcoin FLASH CRASH! Cryptos Blood Bath as Exchanges Run Stops, An Early Christmas Present for Some? - 5th Dec 21
TESCO Pre Omicron Panic Christmas Decorations Festive Shop 2021 - 5th Dec 21
Dow Stock Market Trend Forecast Into Mid 2022 - 4th Dec 21
INVESTING LESSON - Give your Portfolio Some Breathing Space - 4th Dec 21
Don’t Get Yourself Into a Bull Trap With Gold - 4th Dec 21
GOLD HAS LOTS OF POTENTIAL DOWNSIDE - 4th Dec 21
4 Tips To Help You Take Better Care Of Your Personal Finances- 4th Dec 21
What Is A Golden Cross Pattern In Trading? - 4th Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold - Possession is Nine-Tenths of the Law

Commodities / Gold and Silver 2014 Jun 05, 2014 - 03:09 PM GMT

By: Dr_Jeff_Lewis

Commodities

"...Even though the property was originally stolen, that if the victim or his heirs cannot be found, and if the current possessor was not the actual criminal who stole the property, then title to that property belongs properly, justly, and ethically to its current possessor." - Murray Rothbard

If you don't hold it, you don't own it. This should be the soothing mantra for all long term precious metals holders. 


With all the options available these days, from traditional physical investing to the self directed IRA LLC, there is no excuse. 

Traders and speculators are deal in derivatives. 

Perhaps all well and good for the moment, until it comes time to cash in the insurance policy. 

Brown's Bottom

Most of you are aware that Ecuador recently gave up half its gold reserve to Goldman Sach in exchange for liquidity. 

Think they will ever see that gold again?

In a way, it reminds me of Gordon Brown's gold sale of UK gold reserves over the period between 1999 and 2002.

Turned out that gold prices were at their lowest in 20 years, following an extended bear market. Many regard this is as the bottom. 

But the point is possession. And no doubt this lies at the heart of the issues surrounding the gold in Fort Knox. 

‘Possession is nine-tenths of the law’ is an expression meaning that ownership is easier to maintain if one has possession of something - or difficult to enforce if one does not. 

Although the principle is an oversimplification, it can be restated as: In a property dispute (whether real or personal), in the absence of clear and compelling testimony or documentation to the contrary, the person in actual custodial possession of the property is presumed to be the rightful owner. 

The rightful owner shall have their possession returned to them if taken or used. 

The shirt or blouse you are currently wearing is presumed to be yours, unless someone can prove that it is not.

The principle bears some similarity to uti possidetis ("As you possess, so may you continue to possess"), which currently refers to the doctrine that colonial administrative boundaries become international boundaries when a political subdivision or colony achieves independence. 

Under Roman law, it was an interdict ordering the parties to maintain possession of property until it was determined who owned the property. 

This could go on forever in the case of fighting the elite banking establishment, or perhaps a foreign vault. 

Think big banking corporations can’t figure out a way of implementing this in a crisis or as a preemptive strategy? 

Corporate Individuals 

Corporate personhood is the legal concept that a corporation may be recognized as an individual in the eyes of the law. This doctrine forms the basis for legal recognition that corporations, as groups of people, may hold and exercise certain rights under the common law and the U.S. Constitution.

The law views Corporations as entitled with many of the rights of individuals. This could serve to temper the power of possession. And perhaps facilitate the inevitable bail in. 

For just as the myIRA was a distant conspiracy theory only a few short years ago, Cypress was carefully observed by the world financial elite, and is now on the verge of being institutionalized. 

Of course, as you know dear reader, there are many hidden benefits of direct ownership. 

You own the responsibility. The weight is not insignificant. And nor should it be. It is part of why the metals do not earn dividends. The burden of direct ownership serves as a constant reminder of value in market where price is a deluded concept. 

Indeed, possession is the best way to neutralize manipulated price action. The price may change drastically, but nothing changes in the vault. 

Some will likely see the turn when possession becomes, not nine-tenths of the law, but rather the onus is on the possessor to substantiate his ownership. This is where the tax man comes in.

CTA (for Jeff)

By the way...if you cannot justify the penalties from cashing out traditional IRA, then at least wrap your accounts in a business entity in order to be "in the system", but "off the radar".

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out http://www.silver-coin-investor.com

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright © 2014 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in