"Land Of The "Free"? Stashing Gold May Be Illegal Soon

Ah yes, that's the year FDR took the gold. So the numismatic value of those must have been astronomical.

We are capable of doing a complete subsistence farm and have 14 acres in the ozarks that is mtn top....a hot spot in the beginning we are pretty sure. Rather start out north just a little in the flat where we can crop up and keep that going, and after yellville settles, go get the "wayback" ready for us.

Money money money - even on somebody elses hundred acres.

Impossible.

They would have to get rid of jewelry first.

And thats never going to happen.

Buy all the gold, and turn it into rings, earrings, necklaces, etc.

They cant stop people from having jewelry.

Here's what I was trying to say:
"First of all, it is important to know that when the United States was minting these coins, there were actually three denominations of U.S. currency: Cents, Dollars, and Eagles. There were one hundred cents in a dollar (like how it is today), and ten dollars in an eagle. That is why you will see some Pre-1933 gold and rare coins referred to as “Quarter Eagle,” “Half Eagle,” “Eagle,” and “Double Eagle.” Aside from the investment benefits of their gold content, Pre-1933 gold coins are attractive to collectors for their collectibility and historical significance. These factors are what give pre-1933 gold a premium over its melt value.
Some Pre-1933 gold coins are rare, and rare coins will have a higher premium than more common Pre-1933 gold coin"

[link to www.bullionexchanges.com (secure)]

Stack your 18kt gold jewelry, but I think it will ok to have up to 25 Oz gold .

It's good to know some history on the matter when trying to guess what will happen. In 1934 the US was in the middle of the great depression, high unemployment and lots of deflation.

FDR got in office and he wanted to 'stimulate' the economy by deficit spending, increasing the overall debt. But he couldn't do it legally because at the time the Fed had a gold coverage ratio, so much of it's debt/credit had to be backed by physical gold bullion I think the ratio was 0.25 or 25%.

So what FDR really wanted to do was increase the price of gold so that the government could then issue more debt and increase his deficit spending. When he issued the EO gold was $35 an ounce, say the government had 640,000,000 ounces, at $35 per ounce and a gold coverage ratio of 25%, the government's limit on debt was 89,600,000,000 or about $90 billion.

Increasing the price of gold to $50 an ounce from $35 an ounce increased the debt limit to $128,000,000,000 or $128 billion.

So to get the same kind of boost today, treasury would have to revalue gold to something like $50,000 per ounce. Then ban it's sale in the economy. They might do this, but that would cost them a lot of confidence from people with $$

My mom told me that her GRANDPA told her that there was no gold in fort knox.

Too bad the old guy didn't have GLP at the time!

Since 1684 they've been in the Bullion business...

But, now, they're out???

HMMM.......


[link to business.financialpost.com (secure)]

You cannot own property of any kind if you use Federal Reserve Notes/Currency to buy said property.

It does not matter if it is gold or warm piss, you do not own it, you have some limited USE right, which can be taken at the will of the issuer of the Note (debt).

You are a debt slave, I do not care how many numbers are in an account, you own NOTHING and they will prove it to you soon enough.

Ampex and jm bullion has all kinds of pre 33 gold for sale right now you can buy a pre 33 2.50 Indian head for 330$

CONSIDER THE SOURCE, both the author AND the site.






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THAT is the MOST ASININE PIECE OF RIDICULOUS BULLSHIT ever posted ANYWHERE, including GLP..


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I am investing in lead.

maybe illegal for individuals but not for people - there's a difference you know!

Bullshit. Plenty of families just never turned in their gold

if you pay property tax, you don't own it.
also, in 1933 US gov went bankrupt and everything owned by the people including land was forfeit to the private federal reserve, the people are the collateral and are essentially "owned".

Also some musical instruments. Some high end professional flutes are made from gold.

I'm a practical girl. You can't eat gold.

That's what I am talking about. The real currency is crumbly and brown and beautiful emerald green in summer.

They would do it to halt china should the war get hot (sooner than later I am not happy to say)

I have a sense Modi and Trump had that discussion on his trip last year to India.

and you are ignorant to what FIAT CURRENCY DEBT is.

how can you own something when you never gave any consideration for it?

you will probably need to read this, right from the horses mouth, so to speak:

"Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything This has been the case since 1933. The notes have no value for themselves..."
[link to www.treasury.gov (secure)]

Something with no value cannot pay for anything, nor can it convey any title or right of ownership since their is no "consideration" exchanged. You will need to look up consideration, since you do not know what that means either.

Grow up and learn something, debt slave.

Show me your allodial title to anything, even the body you are walking around in, you own ZERO and OWE everything.

We Ride!

good post.

But what happens in war when US debt is forgiven. So US acquires resources and debt is erased. Debt just disappears like a miracle.

So gold will be $5000 to $25000 per oz in a free market.

exactly correct!!
" Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

[link to www.treasury.gov (secure)]

A FIRST lien on all collateral. That means the lien YOU put on any property by borrowing Federal Reserve Notes to get it is a SECOND (or THIRD lien), so one may be discharged, but the FIRST lien is never gone.

That is what TAXES are for, to discharge interest on the debt that the bankruptcy of 1933 was.

There is only collateral and debt, and the collateral is FIRST liened by the Federal Reserve.

PEONS one and all.

Cant possibly win that big now can we or can we?

Seems we are finally coming to the end of that paper trail indeed. Nothing backed by any real wealth anymore...Physical Gold again though? Man that would be a trip. Pressing reset on the whole entire system.. Would love to see it. We certainly need it.

Time to bury it in the yard fellas

Let me guess, he's selling gold. lol.

He half right. Unless you own an alloidial title you don't own shit.

I don't agree with what he said about fiat paper being debt. ITs used to pay debts.. Earned through labor/skill etc.. ITs a means of settling debt, not outright debt like he claims.

OK smart guy. A federal reserve note is an obligation of the US government. That means if you have a five dollar bill, the government owes you five dollars. If I owe you five dollars and give you the bill, now the government owes YOU five dollars,. That is called offsetting a debt, which is how it works now. You cannot PAY for anything with a federal reserve note, therefore you cannot OWN anything because you FAILED to pay for it. Old bills used to say "legal tender and redeemable in LAWFUL MONEY".