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Author Topic: Executive Order 6102  (Read 55 times)
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December 12, 2017, 09:55:53 AM

I did not know this, sometimes it is good to search some history  Tongue
The fact that the custodial bank of the 5000 ounces of gold is the bank that would subsequently become JPMorgan is not lost on us.

Finally, to those who have some gold ETF certificates in a brokerage account, which by law are the possession by DTCC's Cede & Co. - a bank owned institution - we wish the best of luck to anyone hoping to preserve of even recover any of the invested wealth in such instruments.

And remember: when in doubt, recall Bernanke's immortal words: "gold is not money."

 Tongue Tongue Tongue
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December 12, 2017, 10:07:16 AM

Governments will probably go after pension funds and other retirement funds as collateral on the next time around.  They probably won't mess with gold because they know that with gold usually comes lots of guns and ammunition pointed back at them.  Governments choose the path of least resistance.  Back in those days people didn't hoard or stockpile gold since it was a normal thing to people were caught off guard by the confiscation.  From what I understand only a small % of people actually gave up their gold even back then.
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