Monday, January 24, 2011

Gold Confiscation Could it happen again? Financial Sense NewsHour 22 Jan 2011

Gold Confiscation Could it happen again? With the dollar growing weaker and the price of gold skyrocketing, could we see a repeat of the 1933 gold confiscation?
....It may be hard to believe but In 1933 a little over 78 years ago it was illegal to hold gold in the United States of America. In order to try and stabilize the monetary and banking system crisis,the back then President Franklin Roosevelt, under the Executive Order No. 6102, set into motion a way to begin confiscating privately owned gold from the citizens in the United States. could this happen again under Obama or the next president ? is Gold Confiscation possible and should you be worried , ? Financial Sense NewsHour 22 Jan 2011 with experts Jim Puplava CFP Nick Barisheff James Turk and Kathryn A Derbes give their perspectives .....

In 1933, US government led by Franklin D. Roosevelt made private gold ownership illegal, so why not do it again. After all, you hear gold confiscation radio commercials everyday, something along the lines – Under current federal law, gold bullion can be confiscated by the federal government in times of national crisis. As collectibles, pre-1933 gold coins, rare coins and foreign coins do not fall within the provisions permitting confiscation, call us today at … .

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