Quote:
Originally Posted by Vendot
Dont gimme that shit........ thats like saying the US government would ban short selling or online gambling or other shit which normal people take for granted as shit which is never gonna be banned.
So dont talk "prohibition" when it comes to gold ...
http://www.goldfuckyourself.com/ |
For the slow kids...
"All other things being equal, gold will continue to climb higher as the dollar moves lower...
The problem is that the very circumstances that could make your gold so valuable could also result in its being taken from you. In 1933, in order to stabilize the monetary system, President Franklin D. Roosevelt, under Executive Order No. 6102, confiscated all privately owned gold in the United States...
People who scoff at the suggestion that the government might restrict private gold ownership should remember that many other countries have restrictions on (or
absolute prohibitions against) private gold ownership. They should also remember that, in 1933, Franklin Delano Roosevelt dealt with a monetary and banking crisis by confiscating all privately owned gold; paying for the gold at $20.67 per ounce; immediately devaluing the dollar by 40 percent; and setting the price of gold at $35.00 per ounce. At a single stroke, Roosevelt increased the government's gold assets, stabilized the monetary system and increased wholesale prices by more than 33 percent. However, he also inflicted losses of 40 percent on gold owners
and stripped them of the gold that they saved to insure their financial futures..."
http://www.blanchardonline.com/beru/...tion_again.php
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