All that gold you bought? Prepare to have it confiscated.
On April 5, 1933, the following proclamation, Executive Order 6102, was issued by the President of the United States:
"By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes," in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations ..."
There's the preening sense among Americans today that such an act could never fly off a President's desk in this day and age; we believe we've come a long way since 1933. And yet, in a matter of 20 minutes, the President of the United States used the following words and phrases on his address to the nation:
"We're in the midst of a serious financial crisis..."
"[O]ur entire economy is in danger..."
"[T]hese are not normal circumstances..."
"[M]ajor sectors of America's financial system are at risk of shutting down..."
"[S]afeguard the financial security of American workers..."
"The federal government also continues to enforce laws and regulations protecting your money..."
"[F]ailure jeopardizes the entire financial system..."
These words and phrases shouldn't be taken lightly. It is important to consider what the ramifications are when politicians begin to use words and phrases like these. "These are not normal circumstances." And when circumstances turn abnormal, you can bet that strange prescriptions will follow.
The law Roosevelt used to make private ownership of Gold illegal is still on the books, and the President is well within his rights to invoke the law again, making private ownership of Gold illegal once again. In 1933 you got $20 fiat dollars for every ounce of gold. Shortly thereafter it reached $35/oz. How much do you think the US Government will give you for your gold bullion this time around? $500/oz? $750/oz? Even if they give you $1,000/oz you can betcha after a few weeks it will be $1850/oz just like in '33.
An article on the topic released about an hour ago with some more history:
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&A...
Mine
Mine may have some lead contamination to deal with!
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot." -Mark Twain
this time it might be similar but different...
like confiscating the 'paper' markets for instance.
methinks obama's gonna definitely pull some of the more sinister moves out of FDR's playbook fo'sho.
don't worry even if they do, you'll be able to find a market.
you just might have to go to hong kong...
hooray for giving it away!
:-)
Ron Paul 2012
www.josiahgarber.com/blog
www.heirloomgardenpro.com
www.mennonitesforronpaul.com
Maybe
FDR felt the need to wean the people off the gold currency they were used to so he could substitute a pure fiat currency. That was the reason for the gold confiscation. It was the equivalent of the Bolshevics executing the Czar and his family - to show there was no going back. There is no similar issue at the moment. The people have been well-accustomed to fiat money (to their terrible detriment).
If, after the dollar collapses, there is an attempt to float another fiat currency and people resist and cling to gold and silver instead, then yes, the government may confiscate gold and silver. Otherwise, probably not.
I think there will be a new gold or silver-backed currency to replace the dollar. But not issued by the US government.
Can you say 'off-site-storage'?
BATG (Bury All Thy Gold)
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
People were redeeming their paper money for gold
from the banks in 1934. The banks, thanks to fractional reserve banking, were running out of gold to cover the redemptions.
The situation is a little different today, since there will be no such redemption of paper assets. In 1934, they didn't go door to door looking for gold. But you couldn't sell it on the open market. I don't know about the black market, but if you got caught, I think it meant jail and/or a $10,000 fine. Holding on to anything more than $100 worth (5 ounces at $20 face value) was considered hoarding. A lot of good, patriotic sheep turned their gold in. Many others just sat on what had. As the article states, numismatic coins were exempt.
I am concerned about confiscation, too, or the inability to sell. But by the same token, if the dollar is worthless, why would you sell the gold for a bunch of useless FRNs?
You can do anything in the black market, but they couldn't
even own gold, except those which had collector value. But these people weren't allowed to own any totalling more than $100. So it would be hard to even use any for trade when you don't know the person you're trading with.
-"Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them..."
"Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both."
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"I killed the banks"
voterbomb.com
that's why you don't have it sent to your actual address...
this works for me since i use a UPS box and rent a room from a high school friend. so there's nothing stating i live here. when i got out of the army i did a few things to make it a little more difficult to find me. not impossible of course, but not easy either
No matter who you vote for, the government always gets in - Bill Hicks
And as Bocephus sings "bring laywers , guns, and money.
HYDROMAN
"Since 1789 the only government on Earth that has the power to crush the American people`s liberties across the board is the government of the United States"
Robert Higgs
Or Warren Zevon...God rest his soul
"Lawyers, guns and Money, can't get me out of this"!
Especially money in this case.LOL
They'll get lead
They'll get lead instead!
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It's highly doubtful.
Compared to 1933, very few people in the United States own gold.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Hyper-inflation could change that
And consider the perception "we've come a long way since '33"..
Back then we at least had Congress declare war.
Back then we at least had Habeas Corpus.
Back then we didn't have prisons in Cuba to torture people not proven guilty in a court of law.
Back then we didn't have legalized surveillance of people not charged with a crime or without warrants.
Back then we didn't arrest/detain press for covering protests.
I am not flaming or devaluing your response, I too think it is probably unlikely, but I have seen a lot of things I thought were unlikely fly through our gov't recently under the guise of "emergency/crisis" (FISA, Patriot Act, this Bailout..)
The law IS on the books. Unlike the bailout, no vote is needed by the House/Senate. Bush is an idiot, he could be convinced this is best for the country/dollar and enact this without debate.
This opinion is for entertainment purposes. It does not represent the opinions of this website, sources cited, nor my actual beliefs. I do not consent for this post to be duplicated or replicated on any internet/digital/print/other form of media. C4L4EVR
Yes
-Bush could declare a State of Emergency (there are already others in effect) that would trigger NSPD 51, then we won't even have the illusion of rights.
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"I killed the banks"
voterbomb.com
This time the bankers will get nothing
-from me, at least. They can rob my IRA of its value and they can turn my FR Notes into toilet paper, because that's out of my control.... But if they ever try to take anything from my person or my home, they will pay a price beyond money. The natural laws written of by John Locke supercede anything designed or implemented by criminals, no matter their titles. When anyone violates these natural laws you have the right to protect yourself and your family.
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"I killed the banks"
voterbomb.com
I agree this will
probably happen the whole thing stinks.
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Is it conceivable to buy
Is it conceivable to buy metals from reputable coin dealers without leaving a paper trail?
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