Message:

<p>[QUOTE=&quot;JIMV, post: 321061, member: 11853&quot;]In 1933 President Roosevelt seized privatly owned gold coins, using authority found in legislation dating from 1917 designed to keep folk from hording gold in time of war.</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p><a href="http://www.lewrockwell.com/anderson/anderson154.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.lewrockwell.com/anderson/anderson154.html" rel="nofollow">http://www.lewrockwell.com/anderson/anderson154.html</a></p><p>&nbsp;</p><p>Putting aside the politics and legality of the move, the reason I post is because the government grab in 1933 paid $20.67 an oz at a time when the stamped value on a gold Eagle was about the same.</p><p>&nbsp;</p><p>I have been collecting US gold in a very minor way since 2004. Recently I have become concerned about the drop of the dollar and the rise of the EURO and the growing reluctance of foreign businesses to take payment in dollars. If this continues or extends to governments, our fine government might be tempted to repeat the 1930&#039;s.</p><p>&nbsp;</p><p>If they did this and again repeated the practice of paying the face value for their confiscation, owners of US gold coins would receive 1/18 the bullion value of the coins, not to mention any numismatic value.</p><p>&nbsp;</p><p>Is this paranoia or should I be buying foreign gold???[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in