Buy GOLD and SILVER: The Money Printing Machine: Part One:
Dateline: Del Mar, CA: Monday, December 02, 2019
FNB is a precious metals industry leader. Each weekday, we post information and financial facts (and opinions!) that relate directly to the financial markets and also that have direct impact upon the daily lives of investors.
In our last session, FNB continued a conversation RE: “The Future of Gold.”
In this session, FNB begins a discussion of The Fed and it’s non-stop Money Printing Machine.
The Non-Stop MONEY PRINTING MACHINE:
How does a nation determine to outlaw the possession of gold?
What is a ‘Gold Clause Case’ and how does a nation make it illegal for its citizens to own gold?
In order to fully understand a nation printing money with no regard to anything that remotely seems to reflect ‘common sense’, the first thing investors need to comprehend is: “Executive Order 6102.”
Executive Order 6102:
President Franklin D. Roosevelt is famous for his quote:
“A day that will live in infamy.”
That statement came as a direct rebuttal to the Japanese attack on Pearl Harbor. And that statement became a nation’s call to arms.
FDR was also famous for his: “Executive Order 6102.”
Executive Order 6102 made it illegal for citizens to own gold in the United States except in the smallest of quantities.
A ‘Gold Clause’ permitted contracts to be ‘settled’ in gold as a means of satisfying a financial agreement. FDR eliminated ‘gold clauses’
A ‘Gold Clause’ meant that each transaction was fair. Fair in that the impact of the dollar dipping, or the dollar inflating could not substantially alter the transaction.
A ‘Gold Clause’ guaranteed that every transaction would be repaid in gold, or something of equal value. This ‘Gold Clause’ guarantee prevented anyone from cheating on and/or shortchanging any known obligation.
When FDR eliminated the ‘Gold Clause’, private settlement option, the only alternative left was for businesses to settle transactions in paper dollars.
This “Executive Order 6102” that made the possession of gold illegal in the United States ushered in the age of non-stop government printing of dollars.
In our next session, FNB will continue this discussion and bring to top-of-mind how relentless, non-stop printing of dollars undermines the average American’s ability to build private wealth.
Investors, beware! Investors, be informed! Investors, buy gold and silver!
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coins, bars and bullion holdings. FNB invites all to visit our website:
FNB invites all that live in or near our three physical locations in San Diego, Del Mar and Scottsdale to stop in and visit and meet one-on-one with our Team of precious metals experts.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Founder and Owner,
First National Bullion