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James Bond -- 007 -- And How the Gold Standard Got Contaminated

silvereagle Wrote: Oct 10, 2012 7:13 AM
It doesn't surprise me that the liberal elite like Goolsbee would poo poo gold. Anthony Weiner went after Glenn Beck with a vengeance for promoting the purchase of gold. I bought when gold was $670/Oz and am ecstatic that I did. I don't have much, about a pound total, but I'm very happy I have it now. Especially now that I've learned that we've been monetizing the debt for some time and there's no end in sight.
silvereagle Wrote: Oct 10, 2012 7:21 AM
I don't know that the government would try to "seize" privately owned physical gold. I've read that it's more probable that the governments would inflate the price of gold and silver to such a level that people would willingly surrender their metals for cash. If I recall, the proper ratio of gold to silver is 1:15(?). But my question would be who would surrender metal for "near worthless paper"? Can anyone help me? Am I misreading something? All advice is welcome.
Andy372 Wrote: Oct 10, 2012 1:54 PM
The government seized privately owned physical gold in 1933. Banks were required to "turn in" or exchange gold in peoples deposit boxes for federal reserve notes at a fixed exchange rate of $20.67 , and people were required to turn it in, to prevent hoarding. Not long thereafter, FDR and the Fed changed the fixed exchange rate to $35. Poof. 40% of U.S. privately held wealth is transferred.

In the iconic movie Goldfinger the villain, Auric Goldfinger, pursues a nefarious scheme, code-named “Operation Grand Slam,” to contaminate America’s gold horde at Fort Knox, thereby leveraging the value of his own, uncontaminated, holdings.

Bond: Yes, well, I’ve worked out a few statistics of my own. 15 billion dollars in gold bullion weighs 10,500 tons. Sixty men would take twelve days to load it onto 200 trucks. Now, at the most, you’re going to have two hours before the Army, Navy, Air Force, and Marines move in and make you put it back.
Goldfinger: Who mentioned...