Gold: $ 1296.50 Silver: $ 14.83 Platinum: $ 860.00 Palladium: $ 1328.00
Dateline: Del Mar, CA: Monday, May 13, 2019
First National Bullion 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 this session, FNB examines the prospect and the dangling sword of: Governmental restrictions and prohibitions on owning gold and silver and other precious metals.
FDR Confiscates Gold:
On May 1, 1933, then President F.D.R. issued an edict that confiscated all gold coins, gold bullion and certificates of gold ownership.
The official decree forced American citizens to sell their hard-earned and carefully protected gold assets for an ‘official price’.
The edict, a direct Presidential Order actually made it illegal for any U.S. citizen to own or purchase gold.
Less than a year later, F.D.R. basically issued the same edict for silver coins, bullion and/or silver certificates of ownership.
Not long after President issued this edict, gold prices skyrocketed by more than 40 % of their previous established valuation.
Source:
http://www.goldtelegraph.com/the-u.s-government-can-still-confiscate-gold
Now, the question rises: could this happen again?
Could the United States government issue a similar decree say in 2020, 2021 or 2025?
Next time, FNB will address what a gold confiscation and/or rationing edict might look like in our current era.
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coin, bar and bullion holdings. FNB invites all to visit our website:
www.firstnationalbullion.com
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.
Jon Cavuoto,
Founder and Owner,
First Nation Bullion
For direct consultation with a gold and silver expert contact FNB:
inquiry@fnbcoin.com
1-800-745-7979