posted on Jan, 8 2018 @ 03:03 PM
originally posted by: intrptr
originally posted by: SkeptiSchism
a reply to: intrptr
True enough but have you noticed that something like 15 states have quietly passed resolutions to make silver and gold legal tender? I mean you'd have
to be insane now to pay taxes in PMs but if the dollar goes, and we're forced to use something like the SDR, things change, quickly.
Did you know, after the stock market crash in 1929, they confiscated everyones gold (1933).
Whatever hedging you do, don't pay brokers fees buying precious metals as a hedge. Its a registration of who you are , where you live and how much you
Actually what happened is that FDR passed EO 6102 for 2 reasons. 1) he wanted to take the dollar off gold backing so that he could increase the
national debt, you can't borrow more than you have in reserve if your money is fully backed by gold bullion - this limits government size and scope
and 2) he wanted to revalue gold from $20 an ounce to $35 an ounce in order to increase the reserves, so he could borrow more.
Very few people actually turned in their gold coins. My grandfather had a jar of old gold coins all dated prior to 1933 and many other people were
the same they didn't turn in their gold they just put it under the mattress.
But now there is very little incentive to do that is there when the price of gold is artificially manipulated by naked short positions of the major
banks. Right now there are over 500 times the amount of gold sold in the future's market that there is gold actually mined in any given year.
Now, if say Trump revalued gold to $40,000 an ounce, in order to reset the dollar, I think people should be concerned but still can you imagine the
effort required to go door to door and collect every gold gold they think people have, while the entire system is resetting?
Ain't gonna happen, that's why I said several states have already passed legal tender laws, in those states the federal government would be unable to
carry those kinds of ludicrous plans out.
No the government just bloviates and then people follow along like stupid animals. I wish I had been more successful in life and had the good fortune
to buy gold coins and bars but sadly I was not. And I don't think I can hold out long enough to keep the few silver coins I do as the government
descends into further madness destroying people's savings via inflation.
edit on 8-1-2018 by SkeptiSchism because: (no reason given)