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| Some people will tell you there is no sense owning gold or silver because the government will just take it from you. They base this notion on FDR's gold confiscation order in 1933. But the truth is that gold confiscation didn't go as well as the government hoped. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains the gold confiscation order, why the government wanted everybody's gold and why the confiscation scheme fell flat. Original Article: https://www.moneymetals.com/news/2024/05/15/understanding-roosevelts-1933-gold-confiscation-003194 |
Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.
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