Gold confiscation is wrong! The #1 best selling author on Gold and Silver, Mike Maloney, explains why the US Government did not confiscate gold. Visit http://goldsilver.com/home/ref/992/ to find out more.
Duration : 0:6:31
January 10, 2010
15 Comments »
RSS feed for comments on this post. TrackBack URL
During the …
During the hyperinflation in Weimar Germany in the ’20s, those who did best were those who owned farms, and those who owned silver and gold. They didn’t sell for paper; they preserved their wealth. Besides, as a US citizen, I don’t care at all for the government telling me I can’t legally own lawful money as defined by the US Constitution. The penalty prescribed in that document for the crime of debasing the currency is DEATH. Bernanke is guilty. =’[.]‘=
Comment by Raycheetah — January 10, 2010 @ 12:27 pm
We have been mugged …
We have been mugged by our goverments since day 1 people, wake up.
Comment by Ganbareg — January 10, 2010 @ 12:27 pm
buy slver!!! and …
buy slver!!! and buy it fast.
gold can be confiscated. silver cannot. at least not yet.
Comment by akiraguy — January 10, 2010 @ 12:27 pm
They did not “put …
They did not “put it in one place, onwed by the government”. All Gold was given to the privately owned FED of the bankster cartel, or not? Btw: the Dollar is on the way to hyperinflation. No doubt about that. So prepare for the worst, gold bugs. Buy Silver!
Comment by chapthe — January 10, 2010 @ 12:27 pm
superchink28 people …
superchink28 people were paid the full value of their gold in 1933 ($20 oz). However, in 1935 the U.S. dollar was devalued, which drove the price of gold up to 35 dollars.
Comment by StevenM818 — January 10, 2010 @ 12:27 pm
Absolutely agree. I …
Absolutely agree. I think he’s more referring to those coin dealers who try to sell people pre-1933 coins because they may way more money when people buy those. They claim that those coins are can’t be confiscated (which is not true), but those are not a good investment.
Comment by onemindonespirit — January 10, 2010 @ 12:27 pm
Yeah, and what …
Yeah, and what about the gold that people are holding to pass REAL wealth onto their children? Paper just doesn’t seem quite the same, does it?
Comment by kensho3 — January 10, 2010 @ 12:27 pm
Nonsense! First of …
Nonsense! First of all in 1933 they didn’t pay the full amount. The money they offered to people is much less than the spot price.
Secondly, they take your gold and give you paper. And that’s the biggest problem!
Comment by superchink28 — January 10, 2010 @ 12:27 pm
Yes, but if they …
Yes, but if they nationalize GOLD, they will be buying it with paper..
and if you have hyperinflation, the government would be screwed anyway so they’d grab all the gold and leave all the worthless paper to the people.
Comment by acortot — January 10, 2010 @ 12:27 pm
100%…. now that’s …
100%…. now that’s what I call conviction!!!
Comment by frontier1701 — January 10, 2010 @ 12:27 pm
Mike, your rational …
Mike, your rational point of view is much appreciated. Your channel and Peter Schiff’s are my faves on YouTube
Comment by dmgoddard — January 10, 2010 @ 12:27 pm
Keep up the great …
Keep up the great work Mike – thanks for being a voice for positive change
Comment by cosmolito — January 10, 2010 @ 12:27 pm
Mike you’re the …
Mike you’re the best – I love that you’re 100% invested in gold and silver!
Comment by MrLinkJuice — January 10, 2010 @ 12:27 pm
[...] Gold Confiscation or Nationalization by FDR 1933 [...]
Pingback by Arizona Police Asked to Confiscate Michael Jackson’s Remaining Giraffes After … – FOXNews | Michael Jackson Was Murdered — January 12, 2010 @ 2:09 pm
I’m usually not the guy to write my opinion on other’s sites, but for this post I simply had to do it. I have been browsing in your website a lot recently and I am really impressed, I think you might potentially emerge as one of the main voices for your market. Not sure what your load is like in life, but if you began devoting more effort to posting here, I’d bet you would begin getting a bunch of visitors eventually. With ads, it could emerge as a sweet second revenue source. Just a concept to ponder. Good luck!
Comment by Wes Kuechle — May 18, 2010 @ 11:56 pm