Bullwinkle — the difference this time is that most of the “physical” gold and silver purchases are registered. In 1933, most people had gold and silver coins stashed away with no trace of documented ownership.
You can still purchase physical gold and silver off the books, but just as it is with buying unregistered guns — you will be paying a higher price. Furthermore, if gold and silver are outlawed as legal tender, you shall be taking a loss on your buying-power of essential purchases [E.g. food]. In the eyes of the Government and Bankers, you will be seen in the same light as a person who is bartering for food, with heroin.
How generous of them?! And the rest is confiscated for “the greater good” of the state? Did you happen to see the story the family with over 20 million in gold coins that was bequeathed to them by their grandfather who never surrendered his property? They were foolish enough to have it authenticated by the feds and guess what they don’t own any longer? Yep, you guessed it. In my world that’s called theft and extortion
This Executive Order will be reenacted again before Gold hits $5000 an ounce. Count on it.
My grandmother (deceased) said if she could do it all over again, they wouldn’t have turned theirs in.
Has anyone actually read it?
It states that each person is allowed to keep 5 oz of gold.
That part gets overlooked.
Bullwinkle — the difference this time is that most of the “physical” gold and silver purchases are registered. In 1933, most people had gold and silver coins stashed away with no trace of documented ownership.
You can still purchase physical gold and silver off the books, but just as it is with buying unregistered guns — you will be paying a higher price. Furthermore, if gold and silver are outlawed as legal tender, you shall be taking a loss on your buying-power of essential purchases [E.g. food]. In the eyes of the Government and Bankers, you will be seen in the same light as a person who is bartering for food, with heroin.
How generous of them?! And the rest is confiscated for “the greater good” of the state? Did you happen to see the story the family with over 20 million in gold coins that was bequeathed to them by their grandfather who never surrendered his property? They were foolish enough to have it authenticated by the feds and guess what they don’t own any longer? Yep, you guessed it. In my world that’s called theft and extortion
Those commies really love “May 1st.”