Real Gold Bars

HOW TO PROTECT YOURSELF FROM THE ELITE

RSS
Facebook
Instagram

Kal Kotecha PhD

We’ve all encountered them, the intelligent, charming, and persuasive gentlemen who are deeply interested in our welfare and want to let us in on a plan they have to become wealthy.  One of the most skillful cons in history actually took place in the early 1820’s at the hands of a man known as Gregor MacGregor, who would use the existing political and economic atmosphere to con his contemporaries out of nearly $1.3m.1  — today, that amount would come to $3.6 billion. While it stands as a massive con game, it doesn’t even come close to that being pulled by the US government involving the gold in Fort Knox.

The con started in 1933 with Franklin Delano Roosevelt, the man commonly referred to by adherents as FDR.  The country was in the middle of a banking crisis that set the stage for a perfect con by the government, one couched in concern for the people of the US and framed in a way that made us believe it would benefit us.  This couldn’t be further from the truth, but just like the efforts of Gregor MacGregor, it’s a hallmark of confidence men that they sell us the belief that they care for us, when in fact they’re only interested in benefiting themselves.

What did this con include?  In the middle of a banking crisis, people had begun to lose confidence in the banks (there’s that word again, confidence), and it was the professed belief of FDR that ” the banks will take care of all needs, except, of course, the hysterical demands of hoarders, and it is my belief that hoarding during the past week has become an exceedingly unfashionable pastime in every part of our nation.”2 He made it clear that he believed that the banks were our salvation and that it was “safer to keep your money in a reopened bank than it is to keep it under the mattress.”2

Now, unlike the “good” MacGregor, there was no need for FDR to convince the American people of anything before the fact, he simply utilized the power of Executive Order to push EO 6073 through, known as the “Emergency Banking Act (EBA)”.  How suspicious was this maneuver?  It entered the house, and exited it, in 40 minutes flat.  Not a single printed copy was provided to the representatives.

So what exactly did all of this lead to? Simple… It prohibited the owning of gold coins, gold bullion, or gold certificates, and ordered that those in possession of such items surrender them to the government, which led to the construction of Fort Knox so that all of it could be stored.  We’ve not had any clear idea of how much gold has been inside since, and the government refuses to allow a 3rd party audit to answer that question.

All of this comes down to reveal one fundamental truth, the government has absolutely no interest in our welfare, nor in assuaging our concerns about what happened to all the gold that was confiscated in that vanishing act so long ago.  Thankfully, , in 1975, gold was once again made legal to be owned by the public.

Steve Forbes of the Forbes staff heralded this in an October 2012 article, stating that, “an unstable dollar is wreaking havoc on our capital markets, depriving us of money for productive enterprises and future enterprises while subsidizing government debt on a scale never before seen in U.S. history.”3

In essence, we’re discovering that the way our finances are being handled is having a devastating impact on the value of our wealth and stability of our income.  In fact, many people feel that their actual incomes are falling in value, and every day it becomes more difficult to maintain any sort of financial foundation.  So what are we to do?

According to Forbes the best response is to “remove legal barriers to alternative, nongovernment currencies in the U.S. We are allowed to use pounds, yen, euros and any other currency to carry out a transaction. Why not allow metal-based or -backed currencies to be used?”3 Currently attempts to do so have been devastating, with the Ur example being Bernard von NotHaus who created a company to produce coins and bills known as Liberty Dollars backed by Gold and Silver Bullion.  The government’s reaction was rapid and clear, he is currently facing significant jail time as a result.3

However it appears that there is a movement to start removing this impediment, and some of them are starting in the most unusual of places, specifically in Utah. “eliminate all taxes on transactions in gold and silver bullion.”3 Followed by a decree that “U.S.-minted gold and silver coins are legal as currency.”3 Which, really, is just a return to the days before the 1933 decree, when our government was in the business of issuing gold-based dollars.

With these clear signs that gold is on the rise as a valid currency again, it only makes sense to invest in these precious metals in preparation for a massive surge in their overall value.  American finance may be in trouble as the promissory notes issued by our mints rise and fall in value, but gold retains its value regardless of our nation’s economy.  Now that’s a smart investment.

Happy Investing!

 

Kal Kotecha PhD

References

1 The king of con-men http://www.economist.com/news/christmas-specials/21568583-biggest-fraud-history-warning-professional-and-amateur-investors

2 Hiding the Elephant: Fort Knox’s Vanishing Act http://juniorgoldreport.com/hiding-the-elephant-fort-knoxs-vanishing-act/

3 Gold Can Save Us from Disaster http://www.forbes.com/sites/steveforbes/2012/10/03/gold-can-save-us-from-disaster/#2dd92e10346e

4 The Great Confiscation: Gold ownership was illegal in the USA from 1933 to 1975 http://goldcoin.org/numismatics/the-great-confiscation-gold-ownership-was-illegal-in-the-usa-from-1933-to-1975/165/

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Want the Best News?
Increase your wealth by staying informed:
Trend Alerts - Exclusive Articles - Videos
We respect your privacy.
RSS
Facebook
Instagram