Can the Government Take Your Gold and Silver? -- with David Moadel
welcome to looking at the markets with David Modell can the government seized
or confiscate your gold or silver I spent a lot of time researching this
some people say yes the government can do that nowadays others say they cannot
here's what I'll do I'll tell you what actually happened and then we can
perhaps come to a decision of some sort alright well the government actually did
take people's gold and silver well they didn't just take it they paid
for it and it wasn't everybody it was only large holders of gold and silver
but still so right now I'm on JM bullion dot-com and I'll put a link in the
description below this video for this article I think it's very informative
and I want to give Jan bullion comm some credit alright so it was FDR Franklin
Delano Roosevelt in 1933 we were in the middle of the Great Depression and it
was executive order 6102 when the US government outlawed large private gold
bullion ownership and then there was executive order 68 1/4 a year later
doing the same thing for silver and the same president shortly after executive
order 6102 was put into action the US dollar was devalued to gold by more than
65% Wow in the hope of springing the nation out of the deflationary
depression it had suffered under for years during the Great Depression
so in this decree a private citizens were barred from owning more than a
hundred dollars in gold coin so again small holders of gold were safe from
this decree and so that was roughly no more than three ounces okay so I mean a
hundred dollars worth a gold coin was a lot back then alright so if you just had
a little bit this did not affect you and that's what the decree the executive
order looks like interesting huh look at those all caps right they were serious
so oh and look at the look at the penalties $10,000 is fine that was a lot
of money that's a lot of money now back then yeah $10,000 fine or ten years
imprisonment or both yeah so you had to cough it up
but again they paid you for it short let's see let's go and by the way gold
prices after the executive order there was an increase in the price of gold and
that is not a natural thing that's something that happened artificially the
US government forced large holders of gold to sell their gold to the
government for a little bit over $20 per ounce and then soon afterwards the
government raised the price of gold to $35 per ounce nice huh yeah force
everybody to sell it to you and then almost double the price yeah how about
that right so let's take a look at silver prices again look at that
artificial inflation of the silver price after the order there same threat for
silver $10,000 fine that would be about half a million in today's dollars so and
by the way if you broke that rule you were considered a hoarder a hoarder of
silver and in early 1934 the US government compiled a list of the
largest SIL silver bullion owners and they called them hoarders of silver
there it is or there's a list lay that hoarders of silver wouldn't want to be
on that list back then unbelievable that they just did that amazing so yeah they
didn't just seize it and not pay people for it but and again this was only
large-scale holders of gold and silver but the government
did it one time can they do it now I can't really get any consensus on that
from all the research I've done but here's my thought on that they've done
it before and they're the government of course they can do it
they're the government they could do what they want and think of it this way
let's say let's say it's it were let's say it was illegal because I read
sources saying that President Gerald Ford repealed this decree when when
Gerald Ford was president in the 1970s I read sources saying that he repealed
this this executive order okay but even so even if there were laws on the books
saying it's that it's illegal for the government to seize your precious metals
I'm not saying that law exists but even if it were on the books
what's to stop them from doing it anyway through the government they can do what
they want and what's to stop them from changing the law remember it's the
government that makes the laws so the government that same government that
made the laws can change the laws so can they do it now they can do whatever they
want that's my opinion on it are they likely to do it now is a very different
question they're probably not going to do it in the short term I don't think so
I mean I don't know who knows I don't like to make predictions like that but
remember they can print as much fiat currency they can print as many dollars
as they want and they've proven that over and over the Federal Reserve is
proven that they're more than willing and able to do that so since they can
print dollars as much as they want I'm not sure there's any pressing need at
least in the short term for them to start you know grabbing everybody's gold
and silver out of people's hands out of people's homes and vaults and
safe-deposit boxes but you know they might do it though they could do it
after reading about what they did here nothing would surprise me at this point
all right so hey go ahead and put a comment if you have
your opinion on this in the description or yeah below the video in the comments
section alright and if you liked this video please give it a thumbs up and
subscribe to my channel if you haven't done that already alright so I hope you
found this educational I just thought it was a really interesting topic so and I
don't want to worry you I don't want you thinking you know I don't want you
getting all paranoid or anything like that okay I just want you to think about
what could happen you never know what the future holds
alright thanks a lot my name is David Modell I'll talk to you again soon
you