You are here
Mike Maharrey: Did FDR really confiscate everybody's gold?
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, May 31, 2024
Did the U.S. government really try to confiscate Americans' gold?
The short answer is ... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it.
... Dispatch continues below ...
... ADVERTISEMENT ...
Fisher Precious Metals offers great prices
with personal service from a family team
Family-owned and operated Fisher Precious Metals is a great low-cost source for precious metals -- coins, rounds, and bars. But we also get you the highest prices available when you sell your precious metals.
Expect a personal approach with Fisher Precious Metals. You can always speak directly with the owners within 24 hours if not immediately. We provide you a team you can get to know and call at any time to discuss your investments with no pressure to buy.
Check our Google reviews to see what our clients have to say:
https://g.page/FisherPreciousMetals?share
Contact us at 1-800-390-8576 or Info@FisherPM.com or visit us here:
https://fisherpreciousmetals.com/
Yes, President Franklin D. Roosevelt did try to take most of the gold out of the public's hands. But the scheme didn't go quite as well as many people claim.
Still, some gold dealers use the confiscation story to try to scare you into only buying collectible coins because there was an exception in Roosevelt’s order for "gold coins having a recognized special value to collectors of rare and unusual coins." They’ll say, "The government could come to take your Gold Eagles as they did in 1933, but not these collectible coins we’re selling.' Of course, these collectible coins come with higher premiums and bigger profits for the dealer.
You might call it a confiscation con because the reality is there wasn’t “confiscation” in the strict sense of the word.
So what actually happened? ...
... For the remainder of the report:
https://www.moneymetals.com/news/2024/05/31/did-fdr-really-confiscate-everybodys-gold-003226
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
