Golden Rule Dissolves in Government Alchemical Solution

A read of US History shows the Right to own Gold since March 6, 1933 has been a License determined by the Federal Government, granted or revoked as necessary.

Gold was no refuge on March 6, 1933 and March 18, 1968 and August 15, 1971. Ownership rights or currency link/valuation was set by fiat.

Gold is a short circuit in a Liquidity Crisis. It is more like a stroke when what the system needs is a blood thinner.

for instance:
The story of London Gold Pool 1960-68

http://www.nolanchart.com/article6535.html

 
When you need to collect the insurance payoff, it's like Oakland was to Gertrude Stein, i.e. "There's no there, there." As the fire burns, you may feel comforted by your policy; but when the flames have died out and gone, so has the right to the gold. Who pays off the CDS on the USG default and in what species is the payout?

Got Tanks? All we have is confidence. Semper ConFi.

It is Confidence in US intelligence and Faith in Mission Statement and Social Contract of our Declaration of Independence and our Constitution that make and keep us a Free Nation. The Atlantic and Pacific Oceans are special blessings as well.

Gold is a barometer on the full faith and credit in the US Government whose monetary policy is maintained by the Federal Reserve. Gold itself has nothing to do with the Liquidity essential to a modern economy where its limits are extended by the growth of its Intellectual Property and its right to such ownership.

JP Morgan says it all

Untermyer and Morgan's famous exchange on the fundamentally psychological nature of banking—that it is an industry built on trust—is often quoted in business articles:^[77][78]

http://en.wikipedia.org/wiki/Panic_of_1907

Endless War to control resources and politics by economic asymmetry creates a need for Endless Credit that will surely destroy any Nation that so sets upon this course. The fact that this Federal Reserve destroyed its Trust by enabling Syndication of credit unrelated in scope to the growth of the Real economy at its most optimistic proved at the very least that neither it nor our economic system will survive without continuous, independent and full audit and transparency and restoration of confidence and Liquidity and a sort of reverse alchemy as in returning the Gold price closer to that of Base metal. Liquidity crises are always crises of confidence. We might better have inscribed on our US currency, "In Confidence, We make our Freedom". In Fear, we live as Serfs.