Howard Katz, in an article entitled Confiscation of Gold, recently wrote:

So you do not need to worry about the Government stealing your gold. They don’t need to. They already steal the wealth of the naïve (anti-gold) majority. This majority believes their lie that the Government is robbing from the rich to give to them. They keep getting poorer and poorer, and they can’t figure out why. And they keep re-electing the politicians who victimize them.

They steal our wealth by printing dollars out of thin air which makes them buy less and less. Unlike gold, which cannot be manipulated, paper lends itself to theft.

For example, suppose you buy some real estate and intend to hold it for 10 years. You have the choice to pay either 200,000 dollars for the property or 200 ounces of gold (in American Eagle coins). At the end of the 10 years, the value of the U.S. dollar has fallen in half. All real estate, quoted in dollars, has doubled. But the price of your property in gold is still 200 ounces.
Along comes the Internal Revenue Service and says, “Sir, you have made a handsome profit on your real estate. You bought it for 200,000 dollars and sold it for 400,000 dollars. Here is your tax bill. You, however, reply, “I did not buy the property for dollars. I bought it for ounces. I paid 200 ounces, and I sold it for 200 ounces. I made no profit at all. My house did not go up; your dollar went down. But since I did not use your dollars, what does that have to do with me?