Today we have a similar situation in terms of form but not magnitude. The government wants to reflate but gold is not in the way this time. Back in 1933 you increased the money supply by 50% by revaluing gold to $35 an ounce. Today, you just devalue the dollar by debt auctions and quantitative easing. Is gold confiscation coming? I doubt it and even if it did, the exemption clauses of order 6102 may set a precedence for many families to hold sizeable portions of gold.
A Myth Concerning Gold Confiscation
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Posted - 05/28/2009 : 20:16:30
