Will Ownership of Gold Silver Wheaton Be Outlawed?
Bullish Bankers (June 4th, 2009) Writes:
Before you ask the inevitable question “Have you lost your mind?” let me reveal the “method of my madness”. There are a growing number of people including some level-headed analysts who have publicly wondered whether it was possible that the private ownership of physical gold might be outlawed in the United States. Many would say that the likelihood of that in the land of democracy and The Constitution is virtually zero. That is what I’d like to believe as well, especially if I were more “historically naive”. But, history does tell us that the US government, in the days of a fixed gold price, did intervene in a very direct manner with President F.D. Roosevelt banning the “hoarding of gold coin, gold bullion, and gold certificates” and thus forcing US citizens to sell to Federal Reserve at $20 an ounce. Subsequently the Fed raised the price of gold to $35
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