Executive Order 6102
Everyone seems to be fleeing into gold. On the outside it makes perfect sense if you see the US dollar becoming worthless because as the gold commercial says, "Gold has never been worthless".
But lets remember what happened the last time the USA almost collapsed during the Great Depression.....THE U.S. GOVERNMENT SEIZED EVERY ONE'S GOLD by law.
Dennis...they can't do that!
Really?! They did it once already in 1933. And notice how many times Obama has compared himself to FDR in the past 2 years and understand it was FDR who issued the order. In fact it was illegal for US citizens to buy gold coins or bullion until President Ford lifted the order in 1974.
Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Under theTrading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.
See it here; http://en.wikipedia.org/wiki/Executive_Order_6102
"Their silver and gold will not be able to save them in the day of the Lord's wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin." Ezekiel 7:19
Let's ask ourselves as we desperately look for some place to store our earthly treasure in these last days...are our actions of attempting to preserve our wealth making us stumble into sin?
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