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<p>[QUOTE=&quot;GoldFinger1969, post: 26762250, member: 73489&quot;]This Treasury Memorandum is only of interest in the context of the gold prohibitions by FDR a decade earlier.</p><p><br /></p><p>For now.....gold&#039;s legality is established by Ford&#039;s signing of the law (not EO !) effective 12/31/74 and by the decades of gold buying by American citizens.&nbsp; I don&#039;t think you could have gold prohibited for even future buying, let alone ordering it to be turned in.&nbsp; If some government tried that, you&#039;d have bigger problems in the financial markets and economy, IMO.&nbsp; </p><p><br /></p><p>So many more Americans have purchased and hold gold today than back in the 1930&#039;s.&nbsp; It&#039;d be like banning home ownership. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>This Treasury Memo is fascinating because <b>if we were back in the time between 1933 and Ford&#039;s signing of the gold legalization law</b>....it clarifies how Treasury and the SS treat gold purchases (as Eliasberg suspected):&nbsp; <b><span style="color: #ff0000">just pay a premium, and you&#039;re on safe ground.</span></b>&nbsp; Now, whether that premium had to be 5% or 10% or 20% -- I guess the Memo is unclear on that point.</p><p><br /></p><p>But....it is clear:&nbsp; <b>pay a premium, the coin is therefore a numismatic and exempt. </b> Without the Memo being the subject of the evening news or newspapers and with no internet...even if this Memo had been public, it probably wouldn&#039;t have gotten much attention UNLESS the government broadcast it, which they had no intention of doing.[/QUOTE]</p><p><br /></p>

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