Other nations’ laws may differ. legal methods for gold confiscation vary. Under India’s Gold Control Act of 1968, the government can seize gold. The government can regulate gold possession, sale, and use under the legislation. In times of war or disaster, the government may demand that cit...
The Myth of Gold Confiscation and “Collector’s” Coins As more and more ordinary citizens become concerned about fiat money’s instability (not to mention government overreach with the Snowden and NSA scandals), metals dealers are increasingly able to prey upon these fears to unload suboptimal ...
Then last paragraph of article: Deficit spending is simply a scheme for confiscation of wealth. Gold stands in the way of this insidious process. It Gold dramatically rose on January 21, 1980 to close at $850 an ounce under the Carter administration,. London silver closed at $49.00. This ...
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to ...
Gold Confiscation & Manipulation Gold Standard Inflation & the Dollar Money Markets & Manipulations Post By The Year Precious Metals Market Celebrating The Repeal of the Gold Reserve Act in 1974 Across the span of centuries, humanity has held gold in high esteem, considering it a metal worthy of...
Note that MPoD was under 1 even as long ago as the 1950’s (we suspect this pathology began either around the time of President Roosevelt’s gold confiscation in 1933, or the creation of the Federal Reserve in 1913, but we don’t have the data going back that far). ...
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector ...
In March 1933, the president prohibited banks from paying out or exporting gold, and in April of that same year, Roosevelt signedExecutive Order 6102. It was touted as a measure to stop hoarding, but was, in reality, a massive confiscation scheme. The order required private citizens, part...
Confiscation of gold would be a forgone conclusion. The records of purchase would be readily available to BigGov snoops. The laws enforcing the confiscation would be quickly enacted by congress and you'd be given a receipt by Uncle Sam. ...
So our story really picks up in 1933. We're in the midst of the Great Depression and very infamously President Roosevelt, Franklin d Roosevelt issued executive order 6102 and this is more commonly known as the gold confiscation act.