I'm not sure what do you mean by "bank holidays"... maybe you can check wikpedia?
In regards to confiscation, just imagine if your bank is going bankruptcy, you need to pull your silver bullets from them before they completely shut down the store. IMO
Bank holiday is a coloquial term for holidays that one doesn't automatically get. Religiously based holidays, such as Good Friday are an example. Americans don't follow them much because of our separation of church and state doctrine. An example for us may be the friday after Thanksgiving. Here's the wiki: http://en.wikipedia.org/wiki/Bank_holiday I wonder if they celebrate "Boxing Day" up in Canada? That's were they "box" everything up they got for Christmas and take it back to the store...right? ;o)
I am not familiar with silver ever being confiscated. In 1933, Roosevelt took the U.S. off the gold standard. In short, the government stoped using gold as currency, and to prevent hoarding actually mandated that free gold be turned in. This settled once and for all the ongoing struggle between gold and silver and thier use in our monetary system. Gold was favored by big money as storage of wealth, silver by the common man, as an alternative to paper currency (especially in smaller denominations). See the following links: http://www.micheloud.com/FXM/MH/Crime/crime.htm http://en.wikipedia.org/wiki/Coinage_Act_of_1873
I need to check with my bank on confiscation of the contents of safety deposit boxes. In short, most see "hoarding" as a destructive practice. Because one of the most important functions of our banks is to "create" money. I'll explain...When you deposit money into a bank, they can loan it out to others, who may spend some, deposit some, etc. etc. So out of one dollar, many are created. The supply of money grows...Hoarding prevents this.:o[ The supply-side economic theories of our recent government have done all they could to make that "first bank deposit" by reducing the prime lending rate down to virtually zero...But "hoarding" takes many forms, and eventually, these economicly stimulative actions suffer diminishing returns. Hanglong.
What they mean by "bank holiday" is the closing of banks in the case of civil unrest caused by a collapsing dollar or stock market. We would probably see Marshall Law. People wouldnt be able to use credit cards, debit cards, etc. If you dont have cash, silver, gold or something of value to get things (if there are things to get..stores sold out) You would be SOL
This should be taken seriously and you should prepare by storing food and supplies as it could last for several months.
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