This page has been archived and commenting is disabled.
The Day The Government Seized Americans' Gold - April 5th 1933
From GoldCore
The Day The Government Seized Americans' Gold - April 5th 1933
Alix Steele reports on the 1933 declaration by U.S. President Franklin Delano Roosevelt to have American’s turn in their gold on Bloomberg TV’s “Lunch Money”.
“80 years ago on April 5th, 1933, was the day that the federal government took all our gold and changed the precious metals as we know it,” said Alix Steel.
April 5th, 1933, FDR confiscated every gold coin, bar, or certificate and people had to turn in their gold to the Federal Government or else they would face a fine of $10,000 or 10 years in jail. That is about $179,000 in today’s money. You were able to keep a small amount or some rare coins and those that did give up their gold received about $20/oz.
“Why would the government do that?” asks Ms. Steel. They did this for the following reasons:
1. To prevent hoarding.
2. To devalue the dollar during the Great Depression.
3. The government set the gold price at $35/oz and pegged it to the dollar.
“But this could never happen again, right?” asks Ms. Steel. “Well tell that to Texas.”
Steel reports, “The state of Texas is contemplating creating a bill to create the Texas Bullion Depository to protect its gold. It will abandon its New York depository and move their gold back stateside. If the U.S. Federal Government tries to come for their gold the state says it is prepared to fight with the 10th amendment. Arguing that state’s rights trump any order by the federal government.”
Palladium in USD , 5 Year – (Bloomberg)
The confiscation of individuals and companies savings by the Troika (EU, ECB and IMF) in Cyprus shows how there is a risk of confiscation of all assets - from deposits to pensions funds to stored gold.
This is something we have long warned of and we have consistently said that if confiscation takes place it will be of large stores of pooled gold, ETF custodial and unallocated gold in the banking system and large holdings of gold stored with companies and in countries that are massively indebted.
This shows the vital importance of owning gold either with a AAA rated government that has a tradition of respect for property rights or in a private depository in a safer country such as Switzerland. It also shows the importance of owning and taking personal possession of some gold coins and bars.
Anecdotally it is known that many people did not turn in their gold in 1933. Today, it would be even more problematic and governments would be unlikely to send the police door to door to confiscate the tiny amounts of gold coins and bars held by its citizens.
Platinum in USD, 10 Year – (Bloomberg)
Gold extends losses on gains in equities - Reuters
Gold Drops for Second Day as ETPs Decline to Seven-Month Low - Bloomberg
U.S. Pacific Commander Calls North Korea a ‘Clear’ Threat - Bloomberg
Bullion Hub: Dubai’s Gold Trade Exceeds $ 70 Billion – Arab News
Video: Texas Wants Its Gold Back - Bloomberg
Video: Gold Price – Manipulation on the Rise? – Business News Network
63% of Dubai Precious Metals Conference delegates think gold is heading towards $3,000 by 2014 - GoldSeek
80% Chance Of 40% Silver Short Squeeze – Zero Hedge
For breaking news and commentary on financial markets and gold, follow us on Twitter.
»
- 44287 reads
- Printer-friendly version
- Send to friend
- advertisements -
come and get it Ben
As a wee lad.....I remember holding the illegal gold.
You can take my freedom and my guns.......but get your damn hands off my gold.
Do you mind my taking your wife and daughters? I will treat them well...
You'd just better hope they treat you well. All the women I know are highly armed.
Go ahead and try it.
Really? I don't think the women like Becky Quick are highly armed.
"state's rights", "property rights"
Yeah, uh-huh.
“turn in their gold … or 10 years in jail”
So let me get this straight:
I keep my buried gold, get 10 years of “three hots and a cot” with no worries about unemployment, mortgage or rent, or spiraling gasoline and electricity prices, and then emerge as the newest member of the “opulence – I haz it” crowd?
Perhaps orange suits me….
No this time you'll be classified a terrorist and held without a hearing/trial until you rot or tell us where you hid it, which ever comes first, no big deal really.
Maybe they'll be able to recover my boat at the same time...
Any gov / central bank that wants to print like mad wants to make sure there is no citizen option for the "fear trade" - i.e. fear of the printing press.
Krugman - looks like your fear trade is on bigtime this morning in gold and silver. Especially silver.
All the reason more to BUY
Today, the BDI closed at 858, down 3.00
Sounds awfully familiar.
One of the last things Elie Wiesel's dad told him was about where the gold was buried.
Bravo Texas!
Don't forget, lots of sex too.
At this point in time, it would be counterproductive for Texas to tell The regime "Fuck you, get your refined petroleum products somewhere else."
Two Words ...
Civil War ...
Two words: "What gold?"
"Boating accident".
Benelli M4 with 00.
"saiga 12".
So sorry, I've developed CRS (Can't Remember Sh!t), so it's gonna be awhile afore I can remember where I buried it...
To quote H. R. Clinton, "ummmm, I don't recall".
Two words: No way. Nations only dissolve into civil wars when all else has been tried, when conditions have deteriorated to the point of no return. Even the near complete disintegration of society (as in Greece) has not changed minds - the vast majority still support the very system that led to their demise.
Obviously, folks who travel, save, entertain, shop and spend (as in TX) are not near a point of no return nor would they do anything to upset the apple cart. Civil war would ONLY come if conditions worsen, if there is a viable alternative, if they are sure things will be better on the other side.
Obviously, folks who travel, save, entertain, shop and spend (as in TX) are not near a point of no return nor would they do anything to upset the apple cart.
Agreed. The people hoping for a Civil War are either:
1. Losers hoping that they can rule afterwards when their status as losers now have taught them nothing.
2. Criminals that hope to rob and steal; in the words of the Sex Pistols song 'Anarchy', 'the future is bringing a shopping spree.'
3. Fools and morons who dont know what the fuck they are asking for. If we get a real bosnia on our hands kiss most of the elderly good-bye and half the kids.
4. People that live in a fantasy world where the removal of government brings in a utopia instead of a Thugacracy. Not that there is all that much difference at times, but there realy is.
it's like boiling the frog... before you know it, your a goverment serf, and there is an imperial ruler...
good call on Bosnia... Civil war looks glamorous, until your getting your ass shot off, and your whole family is dead...
Power struggle, yes. Civil war? I'm thinking no. The people in power pushing this in Texas better watch their backs. They might end up like the other despots who asked for delivery.
Article VI Clause 2: 'This Constitution, and the Laws of the United States which shall be made in pursuance thereof; and all treaties made, or which shall be made, under the authority of the United States, shall be the supreme law of the land; and the judges in every state shall be bound thereby, anything in the constitution or laws of any state to the contrary notwithstanding.'
If you think that Texas' rights trump any order by the federal government then you are sorely mistaken, at least since 1865.
Not quite sure why you got the down arrows since all you did was point out the obvious. Just because something we don't like is true does not mean you "down" the messenger. The feds would NEVER let TX go - with their jobs and job creation, population, natural resources and (mainly) the ability to draw in surrounding states - it will never happen peacefully.
Three of the down arrows must have been Rick Perry, George W Bush, and Louis Gohmert.
Maybe because it's not true? here is some additional reading: http://www.tomwoods.com/books/nullification/
Maybe so but sometimes you got to say WTF
Some things are worth fighting for regardless of whether you think you can win.
At that point its just a matter of taking as many of them as you can with you.
When 5000 soldiers of Santa Anna's army stood awaiting the order to take the Alamo, the men inside knew how it would end that they would not be spared any quarter.
Better to die on your feet than live on your knees. You might be surprised. That philosophy still exists here in Texas
For to him that is joined to all the living there is hope. For a living dog is better than a dead lion.
Ecclesiastes 9:4
http://rt.com/news/wikileaks-assange-release-files-475/
Illegal we do immediately; unconstitutional takes a little longer’: Kissinger in new mass WikiLeaks document release
once again there will be signs hung in windows all over the country saying....GTT!!!
If you think that Texas' rights trump any order by the federal government then you are sorely mistaken, at least since 1865.
If you think that Texas pulling its gold out of Federal Reseerve banks somehow violates the Constitution, then you are an ignorant fucktard.
Most of the guys I know have their hunting rifles, its the women that have the AKs and glocks and go to the range on a regular schedule.
Beware of the soccer moms!
Will you sacremongers just give it a rest. Pleazzze.
Just when you start having fun....here come the regulators.
Please go home until the next election.
I thought it was John McCain and Lindsey Graham.
Progressive Republicans........a contradiction in terms to be sure.
They use the name...but they're anything but conservative.
The republicans were the progressives on civil rights, slavery, jim crow etc. that's the history. The democrats were the states' rights party, the jim crow party, the slavery party, on the wrong side of most of that right through the vote on the civil rights act, which was opposed by most democrats. They are still the party of identity politics, discrimination based on color, origin, sexual preference, religion etc. the supposedly reactionary behavior remains democrat. What they are progressive on are drugs, sex, and free shit for their designated identity groups, gov workers, union cash suppliers other allies of convenience.
At one point, the republicans were the party of individual sovreignty and personal freedom. That seems like SO LONG ago.
consider the up-rising of "conservative christianity" - particularly of the Zionist flavour, and see how much it creeps into repub policy proposals, and the "leaders" selected to represent.
I use the word "creep" with intention.
Why would you consider it scaremongering? Are you fucking stupid?
The federal govt stole gold before from people, assaults grannies at airports and rummages thru my underwear in my suitcase literally on every trip I fly, regulates my toilets and lightbulbs, forces me to buy health insurance that I neither need nor want, sicks the IRS on me if I dont obey to its dictates, generally operates outside the Constitution in a manner that treats citizens as inferiors, runs drones over our heads to spy on our every move, mandates chips in our vehicles and cellphones that allow them to track almost every move we make, otherwise acts in a bullying manner toward private businesses and people, and provides very little of real value in return for its hostile intrusions on liberty.
History shows the federal govt will fuck up the lives and property of people at every turn, seize what it damn well wants, and incarcerate or kill anyone who disobeys its dictates. The federal govt is tyrannical in the literal sense of the word, only pretending on the surface to be benevolent and caring. It needs to be brought down, just as every tyrannical regime eventually does or will be.
History shows the federal govt will fuck up the lives and property of people at every turn, seize what it damn well wants, and incarcerate or kill anyone who disobeys its dictates. The federal govt is tyrannical in the literal sense of the word, only pretending on the surface to be benevolent and caring. It needs to be brought down, just as every tyrannical regime eventually does or will be.
Government is force.
Period.
If the U.S. Federal Government tries to come for their gold the state says it is prepared to fight with every single impliment of war at our disposal.Including what we steal from every base and arsenal within the boundaries of the 'Republic of Texas'.
Fixed it for them.
Fuckin pussies, either say what you mean or shut the fuck up.
@ Smegley You had me @ "Are you fucking stupid?" +1 & a standing O.. Bravo
I agree with your tenor but am still awaiting (impatiently) what you and others would replace it with. Would we have 50 separate Republics with 50 separate sets of laws and coinage? I could not support such folly. What's needed is a new structure, vastly limited central state that performed the duties outlined in the Constitution with updates for the past 250 years (electronic, industrial, medical, technology issues)
How do we get there from here? You think the Free Shit Army will ever vote to shrink their own pie so they can work forty hours a week to have a decreased standard of living?
Oh, I don't know, how about enforcing some laws that are already on the books relating to fraud? Jail the entire Fed for fraud and treason and most of the complicit actors in the Federal Gov't as well. That'd be a start.
This just in! The Taliban hates Smegley Wanxalot because of his Freedom!
epic rant Smegley, would that many here fully understand your words.
particularly those voters who accept the creeping control over other individuals, in exchange for getting their own needs met.
the law of un-intended consequences. . .
exactly, after all, relax, its not the gold the government wants, its the trillions in retirement accounts that they are salivating over.............................
kito,
Due to the fact; retirement accts are not in retirees POSSESSION. Nor made readily accessible.
As soon as dollar blows up. Real money may be aggressively sought.
Warnings of law restrictions placed upon paper retirement accounts in order for govt. confiscation
Fell on deaf boomers ears. "What?"
Suck it up boomer retards. You'll be getting No "free love man" but muddy feet cuz this aint' no
Woodstock, its you deservedly cornholed. HAaa ha.
Kito not targeted.
The debt we have piled up, public and private, will be extinguished one way or the other, because it cannot be repaid in real terms, only in inflated terms, or partially paid, or not paid. Who gets screwed over and how much will be the backdrop of our politics for a while. Expect the non powerful to get less so during the sorting out of all this.
That's why in short order, I will not have any retirement accounts left.
Annnd....its gone!
It isn't scaremongering to point out a historical fact.
Hey ratso..... What the hell is a "sacremonger" ? The way you spell,your user name is probably "fatso".
It is Le French!
Sacre = holy
Monger = fish seller.
He must have meant that the argument stunk! But he is wrong, and dumb. Also possibly a poor speller who lacks and or ignores spellcheck.
Notice how they're coming for the guns first?
His daughters didn't belong to him to begin with thus your not "taking" them away you are just being part of the "Village" and wanting to impart your wisdom on them. This "your kids do not belong to you" notion officially ends any needed amber alerts and officially does away with kidnapping as a crime.
eiginvalid!
Giving it your best shot!
I knew you had it in you.
For this and several other reasons, always try to purchase gold in cash - NO record!
I bought some gold with a CC, but it got traded for that there gun. I spent some of it on drugs and hookers. The rest I just wasted.
I'm a terrible poker player.
Pretty much purchase anything which could possibly be considered nefarious with cash. A couple's home was recently raided because of a large purchase at an aquaponics store. Luckily the DEA only found squash and tomatoes.
Door to door confiscation of gold by the police might lead to them collecting a lot of brass and lead
Guaranteed.
GetZeeGold
You can't have what's left of my freedom or my guns either!
There is 1 technicality, the dollar was pegged to the gold price and today it is pegged to thin air.
The dollar is pegged to petroleum not just here but everywhere the dollar is traded/exchanged.
What happens when gas goes above $4/gallon?
That's a peg.
If they thought it would keep them in power five minutes longer, the banksters would be advising Zero to confiscate your old jar of toenail clippings.
But they took a survey and found that the gold worked better. So they'll go after that.
Bank accounts and 401K's are easier.....it's just an electronic transaction. The fact that no one is shooting at you is a big plus.
Guns,401k's ,bank accounts, and gold. In that order.
They want it all.Everything.
It's the power they want.
Money IS power.
If you don't have your state sponsored healthcare.....you really have nothing.
The abilty to spend money is power. If you have money and choose not to spend it, that is a greater power
Did Yoda say that?
Thats's funny. But no yoda didn't say it. I'm saying it
Krugman calls that hoarding.
You missed bitcoin
Without the private key, all that they could confiscate would be a string of random bits. Keep a copy of your hash/key somewhere safe (on paper).
Bullish toenail clippings!
Maybe they will "seize" it to cover up the fact that it doesn't exist?
+1 Instant deflation. WHAM-O
But, but, but... Ben has already said he doesn't think it has any value today and it's just an antiquated romance we have with the pathetic old metal.
So, surely he wouldn't want to side with any sort of confiscation of it, right? (sarc off)
The Gold Confiscation Myth
http://www.youtube.com/watch?v=HuMmQX2TWoQ
File this under, Land of the FREE home of the BRAVE.
And why do people hoard gold but save money. Never quite wrapped my mind around that one.
Gold evil; fiat paper green and pretty!
You can't really hoard something they can create at will, now can you?
Call up the militia Ricky , let's bring that shit home.
2013 is not 1933.
In 1933 we trusted in the government.....not so much anymore.
Be patriotic and give you my money? I don't think so.
Banksters,
Hoard and whored; both require digging holes.
Good luck getting that gold out of NYC Texas. I'll believe it when I see it. Your gold has been assimilated.
It would make a great Walker Texas Ranger episode, Chuck norris is dispatched to NYC with a group of Rangers and they have to fight their way thorugh a NY State Trooper brigade and karate chop Governor Cuomo in half to get to the gold.
Why chose TV when drillbits are so handy?
Chuck Norris doesn't need no stinkin group of rangers...
Steady on ol sock. You're going to need more than Chuck can bring to the job.
I don't trust Bloomberg, and I wouldn't trust anybody who works for them...especially with a name like "Alix Steel"...most especially if said persons' bio included time @"THE STREET" ... "with a primary focus on gold" (!?!?)
Texas, stripped of all the mythologies of frontiersmen, Alamos, and last stands of liberty, has been an outpost of Sephardic cabbalist hebraic plotting against the Republic since before it joined to it...a land of jewish grandees and latifundistas whose lease expired in a wised up Mejico and moved north in search of greener pastures...and greener dupes. with which to duplicate their serial crimes against man and nature amongst.
Scoffers can simply refer themselves to the events of a November day, and the biological backgrounds of the man(and his wife)who succeeded to the office of the last legitmate Merikan President...a "Marrano Tejano," LBJ who took the reins of power on behalf of the international kosher kriminal syndicate which issued it's dictates from the office of Louis Bloomfield of Montreal - international lawyer of extensive espionage background (British intelligence, Haganah, OSS, CIA)...and right hand man to Sam Bronfman,(bnai brith), henchman of Nahum Goldmann, the president of the World Jewish Congress who orderd the hit in Dallas.
From Louisiana to the Carolinas, to Lanskys' Florida Fiefdom, the ol South is a patchwork of phariseeutical plantations...far as the eye can see...there will be no 'rebel' Tejas, nor anywhere else where the Flag of the Confederacy once flew...any more than there will be any shiny to be found in the basement of buildings in Manhattan. Rather than a seccession of States, what is needed is a unified rebellion of the Europoid peeples against their talmudic overlords. Before some present day dual-citiizened grandee in DC pushes the sionist war buttons too far down to retreat back to sanity.
Personally, I would suggest bringing in Emma Peel, and sacking this "Alix Steel" .... the Brits were betrayed by the same bunch long before the cousins, and have the kind of steely eyed professionalism needed to solve the case of the missing Republic...and it's gold! And Steed's brolly may be needed to fend off "Umbrella Man" in case the case takes them back to Elm Street.
Holy shit - you are breathtakingly stupid. I mean, the extent of your stupid is just amazing!! Texas as a hotbed of Jewish *anything*? You've got to be kidding me. Have you ever even been to Texas? Can you even find a fucking BAGEL in the state of Texas? Seriously, get the fuck out of here with your stupid Jewbashing nonsense.
Think I'll stick around lil buddy...
Yu may have spent your entire life in Texas - it doesn't really matter tho...
if 'bagels' are the clue you've been looking for to unlock the mystery of Nov 22nd, you've wasted the experience entirely. Big hat, no cattle.
Now, explain that 'lone gunman' theory to us one more time?
The Juice! The Juice!
Run for your lives from the Juice!
that post was way too fucking long... I was like, huh? then I was like, wha? then I was like, sheesh dude, fuck it and I moved on. Tip for posters, try to keep it down to one screens worth of copy... mmmm, okay?
Texas has Rick "Build-a-burger" Perry on auto-play. . . massive distractions/dissonance evident, and the list grows long from that point.
He would be on the floor curled up and snivelling; no way would he be trying to fight.
Corzined
....lol
You meant to say "rehypothecated".
It's a rare violation of the physics law of conservation of mass. It was there, and now it isn't.
Okay, as in: There ain't no way Texas is gonna rehypothecate their gold out of NYC. I don't care how many pro wrestlers or Texas Rangers come to get it.
Buzz, WE HAVE CHUCK NORRIS! All he needs is the word, and it's ours.
Texas to NYC: "please return our gold"
NYC: sends a picture of gold to Texas
Texas: sends a picture of Chuck Freakin' Norris to NYC
NYC: delivers gold promptly
That is called "vaporization", and it doesn't violate any laws of physics ;)
and Rick Perry is a faggot of the highest order
That's why they plan to sell gold certificates and buy bullion which will be delivered to Texas.
The thing with gold is that if their were any way to track it like a serial number, the fed could simply melt it and make a new brick with it and new serial number.
"that serial number does not exist texas, please check your records and try again, and thank you for calling the NYC Fed automated telephone line. We value your business and look forward to serving you in the future. Have a good day. Good BYE"
I'm about tired of this fucking clown show on this planet. The entire planet is insane.
There are plenty of sane people out there, but insanity rules.
Some of us seem to remember this horrific cycle of blosoming tyranny, and scream NO!
Just like a mute man, screaming to a deaf crowd. ZERO results.
pop pop pop for the deaf. 1 in the head and 2 in the chest. They won't even hear it coming.
Gresham's law in plain sight.
Such a policy would be difficult to implement today because of the rising number of boating accidents.
I bet they haad plenty of boating accidents before. They just didn't advertize them as much....
It just wasn't written down as the conversation took place in soup lines.
Correct
I dont know what you all are talking about - what gold and how much?
For realz... let's hope BB can drive the price down to zero and we can drop it from the periodic table of elements and just forget about it (then Benny wakes up and his little pup tent collapses)
Someday you will read this headline:
"The Day The Government Seized Americans Bitcoins"
Just as the Federal Reserve owns all dollars and only gives you Federal Reserve Notes, my guess is that the banks already own all Bitcoins and you are only a beneficiary of the Bitcoins you think you own, similar to shares of stock (The Fed, through the DTCC owns all shares of stock where shareholders have not taken physical possession ... the so called shareholders are only "beneficiaries" of the shares).
My guess is that it will eventually come out that this is the truth.
Yes.
Which leads me back to the question I have been asking since the beginning: Why haven't TPTB shut bitcoin down yet?
IMO, bitcoin was created/introduced by TPTB to get as many as they can into a all digital currency.
Apparently there are a LOT of naive, ignorant people out there who are incapable of one critical thought.
Texas should just secede already...and desist with making poorly thought out psuedo-constitutionality arguments (or at least read the whole document!).
Which Constitution, the old one or the new (after 1851 Act) all caps 'FOR' District of Columbia Corporate Constitution?
United States was the Virginia Company before it became 'US Inc.' and is Owned by the British Crown - YouTube
If that stuff is true I'm going to apply for admission to one of those Nazi bases in Antarctica. If I have to live under fascism I might as well have a choice as to which one.
http://www.gnosticliberationfront.com/nazi_bases_in_antarctica.htm
Disclaimer: I don't believe this stuff and don't like Nazis or any other fascists.
At least you will get to ride in those cool Nazi flying saucers.
NY Fed elevator music = 'ALL MY EXES LIVE IN TEXAS'
You funny Dr Jones...
all my exes live in texas...thats why i keep my gold where i can seeee......(sung in gleefully shrieky voice)
In 1933, most of the world's gold may have been in USA. Now it is in Asia. So seizing gold in USA is pointless - might as well catch the wind.
The government has a monopoly on pointless, counterintuitive, feeble and poorly devised ideas.
'Alix Steele' has no idea about the govt gold confiscation? Just shows that these 'financial reporters' just couldn't make it as sports reporters....idiots.
What is missing every time this gold confiscation comes up, is the fact that in 1933, gold was money. Today, gold is not considered money by the fiat counterfeitors, even the Bernanke says it's nothing more than a tradition.
And yet governments the world over, including the US continues partaking in that bygone tradition by buying it, storing it, guarding it and threatening to kill anyone who would dare try to steal it from Fed or Ft Knox and track/tax it as if it were money. A bit of a contradiction going on here from my perch.
Let's see, capital gains on gold sales are taxed, whereas when we exchange Bennie bux for goods or services there is no capital gain or loss to be reported each time. So gold is not money.
Ron Paul had suggested as a measure to punish money printing and allow people to prevent confiscation of their wealth,, to eliminate capital gains taxes on gold sales. If we did that, then we would have gold=money restored. That won't happen, short of someone nuking the capital during a SOTU speech, or a president Rand Paul. The administrative state will not permit the loss of traction on our faces.
Who is talking about selling gold. When you give gold in exchange for goods or services then I believe that would be defined as money. "When you sell money...." Oh wait, no one "sells" money so I'm not sure how you would compare selling vs bartering and act as if it makes any sense whatsoever.
Do you actually believe them?
Why honor gold when you control fiat? But when BRICS make their move and the US loses it's reserve status, the federal government will need gold to buy things on the world market.
I see a resurgence of the phrase "not worth a greenback."
i pray you 'hedgers' will save a place in line to turn in my gold when that time comes...
As long as I have my stockpile of incandescent light bulbs I'll be okay...
All the CFL bulbs they sold and they still couldn't save Solyndra
I've got 100 watt light bulbs......how many you need amigo?
You got high flow toilets and shower heads too?