Can americans own gold?

**stocktrader23** · 10-20-2003, 01:54 PM

wtfe

**goBigtime** · 10-20-2003, 01:55 PM

Originally posted by stocktrader23
wtfe

eh?

**booker** · 10-20-2003, 01:55 PM

You can own as much as you want.. the restrictions in the 40s was for the war effort, precious metals like Gold and even not so precious metals like Copper were needed by the military. Two years in the 40s pennies were actually made of steel.

**goBigtime** · 10-20-2003, 01:57 PM

Ok found more information....

It was 1933, the FRB recalled all gold and made gold ownership illegal until 1971.

So now I guess people can own gold again?

**goBigtime** · 10-20-2003, 01:58 PM

Originally posted by booker
You can own as much as you want.. the restrictions in the 40s was for the war effort, precious metals like Gold and even not so precious metals like Copper were needed by the military. Two years in the 40s pennies were actually made of steel.

But If it was for the war effort, why did it last till 1971?

**freeadultcontent** · 10-20-2003, 01:59 PM

Originally posted by goBigtime
Ok found more information....

It was 1933, the FRB recalled all gold and made gold ownership illegal until 1971.

So now I guess people can own gold again?

Yeah and everyone tells the government that they own a untraceable metal that is valuable everywhere... yup you know I do.

**Rinaldo** · 10-20-2003, 02:00 PM

it wasnt owning the gold that was illegal... it was using as currency... it was hurting the economy so they made it illegal

**crockett** · 10-20-2003, 02:01 PM

Originally posted by goBigtime

But If it was for the war effort, why did it last till 1971?

because MR T told them he was gona pound that ass intill they changed it

**goBigtime** · 10-20-2003, 02:02 PM

Originally posted by crockett

because MR T told them he was gona pound that ass intill they changed it

Mr T pities the fools who don't accept gold as currency?

**BuggyG** · 10-20-2003, 02:03 PM

Originally posted by crockett

because MR T told them he was gona pound that ass intill they changed it

I pity da fool who gonan take away my chains

**crockett** · 10-20-2003, 02:03 PM

yes , and he allso pittys the fools who don't use 1-800-collect

**On-top** · 10-20-2003, 02:06 PM

You can have gold. The Gov't will even sell it to you...

http://catalog.usmint.gov/wcs/wcs_co...egory;,00.html

Hell..you can even get platinum if you want...

http://catalog.usmint.gov/wcs/wcs_co...egory;,00.html

**Dildozer** · 10-20-2003, 02:08 PM

my friend got one of these it's fuckin cool

**Brad-Wishing** · 10-20-2003, 02:09 PM

Yeah.... no restrictions anymore. I own a lot of silver. I like silver.

**On-top** · 10-20-2003, 02:11 PM

Originally posted by Brad-Wishing
I own a lot of silver. I like silver.

Me too.

**booker** · 10-20-2003, 02:14 PM

Exactly.. you can own as much as you want, but it is illegal to demand gold as payment for goods or services. Reason being it undermines fiat money.

The deal with 1971 is that the US Govt. didn't want foreign central banks to be able to convert their dollar holdings to gold.

What that accomplished is the US dollar became completely removed from any redeemable value, which gives the Fed precise control (through money supply and interest rates) over inflation and other economic factors. Economically speaking, it was a pretty good idea.

**brand0n** · 10-20-2003, 02:25 PM

i think u can have as much as you want

**goBigtime** · 10-20-2003, 02:32 PM

Originally posted by brand0n
i think u can have as much as you want

Sure I can

Can americans own gold?

Can americans own gold?

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment