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What 40 Years of Gold Confiscation by the US Government Looks Like
Thursday, September 6, 2012 15:54
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What 40 Years of Gold Confiscation by the US Government Looks Like
by Tyler Durden ZeroHedge
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.
The actual April 5, 1933 order, which in the coming years will make a repeat appearance with absolute certainty, is below. Read more>>
I’m sorry if it is a dumb question, but does that mean I cannot have gold coins? Can I get arrested for that??