How much Gold was Confiscated in 1933? | Gold Confiscation History | Executive Order 6102 📜

This is no guarantee this will not happen again. One of the risks of wanting your currency to be backed by Gold is the very real threat that government will confiscate your Gold to back it. The penalty for being caught trying to horde Gold in 1933 was 10 years in a Federal Prison. No chance of parole in the Federal system. You serve all 10 years.

Even if they do that, there is a very real possibility they will ditch the Gold Standard in a few decades as Gold backed currency doesn't allow the inflation government needs to pay off their debts and bonds later.

Also, keep in mind due to Banker & Wall Street controlling derivative markets, the price of Gold has been artificially kept low. Most people who say they buy Gold or have a Gold backed RIA, actually have paper IOU's. There is no guarantee there is any Gold to back that paper. We have seen these go bankrupt in the past, and the insurance policy behind it may only cover 10% of the losses. That means for every $100 of Gold certificates you own, you can only expect to receive $10 back.

If you buy Gold, only buy the precious metal. But if you do, you will notice the price shoots way up far beyond the price of Gold on the market. When you factor in 7% to 10% annual inflation, Gold should be priced between $3,500 to $4k per Troy oz. Instead it remains price stagnant around $2k per Troy oz. Gold (and Silver) are controlled markets. If I had a nickel for every time I heard, "Gold/Silver is going to skyrocket in value in the coming year!" only to see nothing happen, I would have enough nickels to buy a solid Gold oz.

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