April 5 1933, Franklin Roosevelt issued an executive order that required all American citizens to turn their gold in to the local Federal Reserve Branch in the name of the Treasury. The fine for not complying with this executive order was $10,000, back when the average salary was about $1,300 a year and up to ten years in jail.
Many people didn’t fall for this government monetary sleight of hand and kept their gold and passed that wealth on to future generations, protecting themselves not only from the raging inflation that has destroyed the dollar ever since then. Just to give you an example of what kind of destruction this confiscation of wealth brought about:
Say for example someone had five one ounce gold double eagle coins and they decided not to trade it in for the $100 face value Federal Reserve notes that the executive order demanded. Those five coins are now worth about $8,500.
The real shocker is the purchasing power of the $100 today is about what SIX dollars was back in 1933 – a shocking disparity that points out the true generational THEFT that occurred back then.
Once all 20,000 tons of gold was in the fed’s coffers, they then REVALUED that gold from $20.67 an ounce to $35. That is where the REAL crime happened. It wasn’t in the CONFISCATION – it was in the REEVALUATION. Overnight, the $20 that people got paid for their gold lost 40% of their purchasing power, meanwhile all those that held on to their gold, including those that didn’t comply, the government, the Fed, foreign gold holders, and insiders, like Joseph Kennedy, got paid an overnight PROFIT of 75%, and this during the time of the Great Depression!
Since 1999, the dollar has fallen in value from about 123 mg of gold to less than 21 mg today – a drop of more than 80%. Overall, from 1900 to 2010, the dollar fell from 1500 mg to 25 mg, losing over 98% of it’s purchasing power. Penny candy now costs 50 cents. The “Five and Dime” is now the Dollar Store. Without exception, every paper currency in history has failed, and the US$ is next in line. And what will become extremely valuable at that time will be… gold.
I worked in the once prosperous Rhodesia. When it gained its “freedom and was taken over by the terrorist Mugabe, it experienced hyperinflation. The only way people could afford bread to avoid starving to death was to dig for gold in the hills.
London Bullion Market Gold (LBMA) is Currency Grade Gold. That means that this particular asset class cannot be seized by a government, even the once great American government. And don’t for one moment that the American government won’t try to grab your gold and your guns – it has already started with the gun grab. Anyone that knows that the American government told the German government only last year that it would take SEVEN YEARS to return Germany’s gold knows that the US needs gold – badly. And it will steal it from it’s own citizens, in the same way that it taxes the producers to give the money to parasites.
The solution is obvious, especially to those who have read Obama’s books and understand his end game objective – to destroy America’s middle class: Get as much gold as you can – LBMA gold – as soon as you can, before the real price of gold prevails and it breaks through the false restrictions and the misdirection that has been keeping it so affordable to the mindless masses of sheeple, only 1% of whom presently own gold.
There is a about to be a giant transfer of wealth worldwide – from failing paper money to gold – and you can be part of that transfer, and become very wealthy overnight (there will be no warning), or be crushed by the Tsunami of hyperinflation and depression never before seen. It will make 2008 seem like a cakewalk. Dig the well, as the Chinese saying goes, before you thirst. Or die of thirst. I would prefer to own the well. How about you?
Contact me for a game plan. Learn how you can obtain gold by the gram, and get paid for introducing others. Use leverage to generate a lot of gold. (Not gold stocks, and this is not an investment opportunty.)
Robin Elliott LeverageAdvantage.com