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What 40 Years Of Gold Confiscation By The US Government Looks Like

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Wed, 22 Aug 12 5:39 AM | 96 view(s)
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Submitted by Tyler Durden on 08/21/2012 19:05 -0400

Exchange Traded Fund
Federal Reserve
Ford
Gerald Ford
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The chart below, which is a time series showing the total "Gold Held by the US Treasury and the Federal Reserve" (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted Executive Order 6102, aka the "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" order which criminalized the possession of monetary gold "by any individual, partnership, association or corporation." But not the government of course. Spot the moment after which gold confiscation by the US government (also known as USD devaluation) from its citizens was legalized.

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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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