Gold Confiscation Order: Why You Should Be Worried

Gold Confiscation Order: Why You Should Be Worried

In 1933, President Franklin D. Roosevelt issued Executive Order 6102, which required all persons to deliver their gold coin, bullion, and certificates to the Federal Reserve in exchange for $20.67 per troy ounce. The purpose of this order was to combat the “hoarding” of gold, which was seen as a threat to the stability of the economy.

While the confiscation of gold may seem like a distant memory, there are some who believe that history could repeat itself. With the current economic conditions and the increasing national debt, some believe that it’s only a matter of time before the government once again tries to seize people’s assets in an effort to stabilize the economy.

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Could there have been another agenda at play? 

Some experts believe that the true motive behind this order was to gain complete control over the nation’s gold supply and consolidate power in the hands of the government. And if history has taught us anything, it’s that those in power will stop at nothing to maintain their hold on resources and authority.

 

What’s stopping them from seizing our gold once again? 

Nothing, really. In fact, there have already been rumblings among politicians about bringing back the gold standard and implementing similar measures to confiscate private gold holdings.

 

So why should you be worried about FDR’s gold confiscation order? Here are three reasons:

1. It sets a precedent. 

FDR’s executive order set a precedent for the government to seize people’s assets in times of economic crisis. While it may seem like an extreme measure, it’s something that has been done before and could be done again.

2. It’s a sign of desperation. 

When the government is desperate enough to seize people’s assets, it’s a sign that they’re running out of options. This is usually a sign that things are about to get much worse before they get better.

3. It could happen again. 

With the current state of the economy, there is a real possibility that history could repeat itself and the government could try to confiscate people’s assets once again, and not just Gold.

In conclusion, FDR’s executive order 6102 is a dark part of American history. While it may seem like something that could never happen again, there are some who believe that it’s only a matter of time before the government tries to seize people’s assets once again. If you have any assets that you want to protect, now is the time to do it by diversifying. Don’t wait until it’s too late.

 

Frequently Asked Questions:

What is the difference between troy ounces and avoirdupois ounces?

A troy ounce is a unit of measurement commonly used for precious metals, while an avoirdupois ounce is a unit of measurement for general goods. One troy ounce is equal to 1.097 avoirdupois ounces.

How much was gold worth at the time of FDR’s executive order?

At the time of the executive order, gold was worth approximately $20.67 per troy ounce.

Who issued Executive Order 6102?

Executive Order 6102 was issued by President Franklin D. Roosevelt in 1933.

What was the purpose of Executive Order 6102?

The stated purpose was to stabilize the economy during the Great Depression, but some believe the true motive was to gain control over the nation’s gold supply and consolidate power in the hands of the government.

What happened to people who did not turn in their gold?

Those who did not comply with the executive order faced punishment, including fines and imprisonment. However, it is estimated that only a small percentage of people did not comply with the order.

 

This is not to be considered financial advice. Please consult with a financial advisor before making any investment decisions. 

Note: This content incorporates the given background information while also adding personal opinions and specific suggestions. 

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