Article on Gold Confiscation

[Chris_Is_Here]

I found this on Kitco today, it is a good history discussion relating to how and why Franklin Delano Rosenberg decided to confiscate gold in 1933....also some interesting discussion about the use of gold clauses in contracts...

http://www.kitco.com/ind/katz/nov022009.html

I am not as convinced as the author that the Uncle Hussein and the Crooked Congress would not need or consider a gold confiscation, particularly if people decide en masse to start using gold to consumate financial deals.

[nickelless]

Which other than the price ratio is another reason I'm buying silver instead.

[mozkill]

collecting gold and silver makes no sense for 2 reasons:

1. no country will ever adopt a pure PM money system. for PM hoarding to work, that would need to occur.

2. money has value because its "lawful" and NOT because its "backed" by something. wealth is based on what is "technically" money and not on what is-NOT money.

[mozkill]

The gold confiscation was merely a ploy to take Americans eye of the ball. By creating a commodity backed money standard you can "trick" the American people into not REALIZING the truth, which is that money doesn't need to be backed by anything to have value. If Americans all understood the truth, that "law" gives money value and not land, PM, or interest/usury backing, then banks would be in trouble and the american people would KNOW how to make money WORK for them.