Have you ever offended someone by something you said and had no idea they were offended?
I’m not the only one who’s made that mistake. (However, I’ve probably done it more than most of you).
Well, it seems that my recent email about bank manipulation of the silver market (HERE) stirred up a lot of readers.
After reading that email, Jeff, a recent email subscriber, asked me if he should sell his coin collection soon.
I said, “No Way, Jeff! In fact, you should be buying silver coins instead of selling them.”
A couple of emails later I realized he was only kidding. And it turns out that Jeff likes to buy coins and feels comfortable keeping them in a safe deposit box.
That got me thinking.
How many people out there actually think their money, coins, valuables are secure in a bank safe deposit box?
If that’s you, then you need to check out the Civil Asset Forfeiture Reform Act of 2014.
It’s a wolf in sheep’s clothing and under this egregious law, you could lose everything over a simple misunderstanding.
Another thing I pointed out to Jeff was that under the Patriot Act, a government goon can walk into your bank (without charging you for any crime) and force them to open up your safe deposit box. And based on suspicion only, they can confiscate all of your valuables.
And there’s nothing you can do about it.
Unfortunately, if you’re like most people, you are clueless to these and many other laws that threaten your safety.
So, please don’t be offended by us calling you clueless.
Instead, be a premium subscriber to Simplifying Wall Street in Plain English (HERE).
Every month we cover topics like these to keep you several steps ahead of the crowd.