Is it still illegal for Americans to own gold bullion?
I read recently that when the government moved off the gold backing of our paper money, they actually made it illegal for Americans to own gold bullion, and the only gold we can own is in the form of jewelry, coins, etc. Does that law still apply today?
Owning gold was made illegal in the 1930′s so that the government could inflate the currency and stimulate the economy out of the “Great Depression”. You can inflate a “Federal Reserve Note”. You can’t inflate a $20 gold piece.
It was made legal, again, to own bullion and coin in the early ’70′s so that the wealthier among us could invest and protect their money from the runaway inflation that was going on.
Once things reach a critical point where too many U.S. citizens are investing in hard assets, such as gold, the Congress may be tempted to collect all the gold again.
7. ILLEGAL Gold Accounting By US Government! – Gold & Silver Price Manipulation
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Instant gold $10.04 Used – The year is 1964 and gold bullion is illegal to own. Private citizens are required to sell it to the government for a fixed price. Early one foggy November morning a small shop opens for business in the fashionable shopping district of downtown San Francisco. Showcased in their window is the one thing they sell. A small, nondescript can with simple lettering. Etched clearly on the plate glass window was…Instant Gold. Could alchemy be real? Three mysterious inventors open shop after shop |
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Instant gold $21.21 Used – The year is 1964 and gold bullion is illegal to own. Private citizens are required to sell it to the government for a fixed price. Early one foggy November morning a small shop opens for business in the fashionable shopping district of downtown San Francisco. Showcased in their window is the one thing they sell. A small, nondescript can with simple lettering. Etched clearly on the plate glass window was…Instant Gold. Could alchemy be real? Three mysterious inventors open shop after shop |
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Instant gold $10.04 New – The year is 1964 and gold bullion is illegal to own. Private citizens are required to sell it to the government for a fixed price. Early one foggy November morning a small shop opens for business in the fashionable shopping district of downtown San Francisco. Showcased in their window is the one thing they sell. A small, nondescript can with simple lettering. Etched clearly on the plate glass window was…Instant Gold. Could alchemy be real? Three mysterious inventors open shop after shop |
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Instant gold $20.26 New – The year is 1964 and gold bullion is illegal to own. Private citizens are required to sell it to the government for a fixed price. Early one foggy November morning a small shop opens for business in the fashionable shopping district of downtown San Francisco. Showcased in their window is the one thing they sell. A small, nondescript can with simple lettering. Etched clearly on the plate glass window was…Instant Gold. Could alchemy be real? Three mysterious inventors open shop after shop |