Time to Evaluate Gold Ownership ...

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I don't see what that has to do with gold or silver bullion. It is a pure political post and should not have been made.

 

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I also think it is a pure political post, as the article say "Employees would be allowed to raise or lower their contributions, or opt-out of the plan.",
so the logic you use to post is circuitous to say the least.

No more such articles please, and further posting in a similar manner will result in censure and closing the thread. Even the thread might
be considered strongly political, but it was originally about an article by Ganz of NN, so lets keep it in that area. Desertgem

 

I agree, and should never have responded in a political manner. But some things are just hard to pass up. lol

 

Goldbugs are obsessed with gold, so they assume everybody else is, too. Gold coins were recalled in 1933 because the arcana of the law meant that for every $20 gold piece returned, it was legal to release $100 in Federal Reserve Notes to circulation. It was an emergency measure to increase the money supply and re-inflate the depressed economy. Gold no longer has any legal relationship to money, like it did back then, and so it be of no use for the government to confiscate it.

 

I agree. It is hard to pass up. But the folks who enable this site to exist don't want it, so their wishes regarding how their site should be run must be respected.

 

Power and money are by nature political. This should be on that area.
The cross over makes it hard not to bring up such comments.
Many have nice gold collections or silver collections. They are collectors to some , and hoarders to others.

 

Good motto!

http://www.wellsfargonevadagold.com/confiscation-order.pdf

http://en.wikipedia.org/wiki/Executive_Order_6102

 

I only will say at this point is; the people who turned in their gold did so by themselves. You couldn't spend it of course, but you certainly could have stashed it. In 1933, I think the only guys who got caught in this were small businessmen who needed to convert to a spendable cash, since you couldn't use gold for legal tender. I seriously doubt many collectors, if any, ran down and handed over their coins. And the gold was paid for. Confiscation in my mind means taken away without recompense. Either way, I am not going to lose sleep over this. If they want to buy my stuff, that's OK too.

gary