The Senate Homeland Security and Governmental Affairs Committee heard testimony Monday concerning virtual currencies. During the hearing, titled “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies,” Federal agencies told lawmakers that currencies such as Botcoins can be can be “legal means of exchange,” meaning that wider acceptance of the virtual currency could […]
I just read The Insidious, Hidden Nature Of Theft By Government, which was excellent as usual. However, I question the ending conclusion, “Preserve your labor, your savings and retirement with gold and silver…” Every author of similar articles seems to conclude the same thing. And, I would agree if we were free to own it. Today we are, but what about tomorrow? No author ever mentions that in 1933 the “hoarding” of gold and silver became illegal, per Executive Order 6102. Hoarding at the time meant that it was illegal to own any amount of gold over a mere value of $100 (a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011). This information is at http://en.wikipedia.org/wiki/Executive_Order_6102.
I can’t imagine that you are not aware of this, so why are you not pointing this out to your readers. After everyone “preserves” their wealth by buying gold, I believe it’s going to be taken away. People are being led to slaughter.
I welcome a rebuttal that makes good sense. More importantly, if this can happen again, please warn your readers.
Thank you for your consideration,
This story, written by Jake Bernstein, was originally published by ProPublica on Oct. 10. A version of the story was also co-published with The Washington Post. In the spring of 2012, a senior examiner with the Federal Reserve Bank of New York determined that Goldman Sachs had a problem. Under a Fed mandate, the investment […]
Is wealth and ownership of paper money the same thing?
Welcome to the wacky world of 2013, where bad financial news is met with the cheers of investors who believe stimulus will last forever, where foreign investors dump the U.S. dollar in bilateral trade while mainstream dupes argue that the greenback is invincible, and where everyone seems to be buying precious metals yet the official market value continues to plunge.
You recommend gold and silver but they have crashed. I have lost thousands of dollars.
A: I admit I did not anticipate the crash. Actually, it was not a crash but a slam by the big commercial banks, led by JPMorgan. This slam damaged the precious metals market. Not permanently, but for maybe about two months. This is an act of desperation by the government in cahoots with the big banks. But remember, the U.S. and the world are awash in fiat dollars. Printing money is nothing but the constant devaluation and depreciation of those paper dollars. We have this last opportunity to cash in on these suppressed prices of gold and silver. And you have not lost anything unless you sell your metals at depressed prices. JPMorgan has gone from record shorts to record longs. This means they expect this temporary suppression to give way to the most explosive advances imaginable.
Thinking of cashing annuity for deposit in Canada credit union or bank or buying gold coins. Your thoughts and are there an problems moving money to Canada?
If you own gold and silver, don’t panic over the recent price pullback. The “experts” now telling you to dump your gold and silver are the same “experts” who said things were rosy just before the fall 2008 crash. If you’re smart, you’ll do just the opposite of what those “experts” tell you to do.
Amid concern that the economically battered island nation of Cyprus will sell off excess reserves in order to finance a $13 billion international bailout, gold entered a bear market Monday for the first time in more than a decade. Hitting its lowest level since March 2011, gold plummeted 9 percent Monday below $1,400 per ounce. […]
I began publishing my monthly newsletter The Bob Livingston Letter™ in 1969. Today’s Bob Called It is an excerpt from the April 2000 issue, in which I warned of the collapse of the dotcom bubble and advised readers to get out of tech stocks to avoid major financial losses.