Yes, they said if the gold wasn't turned in it would be confiscated.
They lied. Many still turned their gold in.
They did not go around taking gold from people's houses. They just shut down the gold market.
Like now they mandated the shots. Only they never really mandated them. It was all smoke and mirrors.
Which was actually just FDR asking people who didn't know any better to trade in their gold for paper so that he could screw them by raising the price of gold as soon as he had all he thought he could get.
That would be to limit the supply and keep the price of gold going up. By the time this thing is over and they figure the true gold inventory Silver may be the winner.
I lost all my metals in a boating accident
Along with your gas stove, no doubt.
and my firearms.. i really should just get a better boat huh?
They come for my gold, and they will get lead.
Should be everyone's response.
Come and Take It
Buy with cash at your local coin shop.
I pawned my gold for eggs and a tank of gas
Gold was not confiscated during the great depression. They may it impossible to trade gold. That was all they were trying to do.
Some stupid people turned in their gold. Other stupid people talked about how much gold they had.
According to my great grandmother, they were told to turn in their gold or expect it to be confiscated.
Since I wasn't there, I have to go on her story.
She kept a $20 gold coin minted in 1882 as a memento and she passed it on to me.
Yes, they said if the gold wasn't turned in it would be confiscated. They lied. Many still turned their gold in. They did not go around taking gold from people's houses. They just shut down the gold market.
Like now they mandated the shots. Only they never really mandated them. It was all smoke and mirrors.
People who didn't know any better turned in their gold. Smart people kept it. There was no way for the government to know who had gold.
It's a click baty title. He's explaing the 1933 seisure of gold.
Which was actually just FDR asking people who didn't know any better to trade in their gold for paper so that he could screw them by raising the price of gold as soon as he had all he thought he could get.
Nope, not this time.
Not going to happen. Want to believe Americans are smarter than that...but you never know. How would they ever know who actually owns any metals.
Fck them. I'm in a fcking kind of mood today.
Great video. Good info, well thought out script, and excellent presentation.
I follow this guy on YT. He has given some sound investing advice and explains macro economics well.
That would be to limit the supply and keep the price of gold going up. By the time this thing is over and they figure the true gold inventory Silver may be the winner.