Ft Knox Gold and U.S. Government Theft

Published on January 28, 2022

Trending clips related to invest in silver, gold rate news, and Is Gold Bullion a Cash Equivalent, Ft Knox Gold and U.S. Government Theft.

In this video, I discuss how the U.S. government stole its citizens’ gold through FDR’s Executive Order 6102.

In 1933, all Americans were required to turn over their gold coins, gold bullion, and gold certificates to the U.S. government in exchange for $20.67 per ounce. Failure to comply meant a fine of $10,000 (about $170,000 in today’s dollars) or up to 10 years in prison.

Immediately after the U.S. government had collected this gold (which is now housed in the U.S Bullion Depository in Ft Knox, Kentucky), it devalued the US dollar against gold, by setting the new exchange rate at $35.00 per ounce.

This 40% devaluation of the U.S. dollar was done without the consent of the American people, and constituted a huge theft of wealth.

Today, the Federal Reserve continues to steal from the holders of U.S. dollars by constantly printing new USD and thus weakening the purchasing power of the currency.

Good ways to hedge against this continued theft include gold, Bitcoin, and stocks, all of which should do well over the next 10 years as the Fed continues its money printing.

Not investment advice! Consult a financial adviser.

United States Bullion Depository:
https://en.wikipedia.org/wiki/United_States_Bullion_Depository

Executive Order 6102 by FDR:
https://en.wikipedia.org/wiki/Executive_Order_6102

Watch the USD money supply explode:
https://fred.stlouisfed.org/series/M2

Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”:

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Is Gold Bullion a Cash Equivalent

Is Gold Bullion a Cash Equivalent, Ft Knox Gold and U.S. Government Theft.

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