Fundstelle: klick-klack
Category: Precious Metals
When I ponder moving significant resources into physical gold I can't help but think about the U.S. Government's confiscation of gold a few decades ago. Does EWI have an opinion or point of view on the likelihood of that happening again?
Responder: Tom Denham, Date: 10/24/2001
The upcoming market collapse and severe, worldwide depression (see At the Crest of the Tidal Wave) could lead to actions similar to those of the U.S. government in 1933 (see excerpt of Roosevelt's order below). There are a number of issues pertaining to how to possess or spend gold safely in a time of crisis. Stay tuned to the Elliott Wave Theorist as our thinking further develops on this issue.
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"By virtue of the authority vested in me by Section 5(B) of the Act of Oct. 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 coins, gold bullion, and gold certificates within the continental United States by individuals, partnerships, association and corporations...
All persons are hereby required to deliver on or before May 1, 1933, to a Federal reserve bank or 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 or coming into their ownership on or before April 28, 1933, except the following:
(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins...
Section 9. Whoever willfully violates any provision of this Executive Order or of these regulations or of any rule, regulations, or license issued thereunder 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 agency of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.
FRANKLIN D. ROOSEVELT THE WHITE HOUSE April 5, 1933"
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Man denke scharf nach und handle wohlüberlegt.
Gruss: Ecki
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