ex post facto laws are forbidden by the constitution. Precious metals have never been illegal to own.
Bad week for Americans
- Thread starter NoDrama
- Start date
londonfog
Well-Known Member
Executive Order 6102
That didn't make owning gold or silver illegal, it made the HOARDING of gold and silver illegal. You could still own up to 5 ounces of bullion and any amount of US gold eagles ( Amongst many other gold coins) you cared to want. Millions of them if you had them, it was completely legal.
londonfog
Well-Known Member
what if I wanted 6 ounces of bullions ??? and could you cite that "any amount of US gold eagles ( Amongst many other gold coins) Millions of them if you had them, it was completely legal"
So you aren't arguing that gold and silver were illegal anymore?
What is a bullions? Just so ya know, you don't always place an 's' on the end of every word you want to make plural.
sheskunk
Well-Known Member
You always seem like you have something to prove. Do you need a hug? Let Mama Skunky give you the comfort you desire. Come sit on my lap.
londonfog
Well-Known Member
If I owned 6 ounces of bullion would that not be illegal ? and where is my citation on that other garbage you spilled ?
(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.
(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins.
(c) Gold coin and bullion earmarked or held in trust for a recognized foreign Government or foreign central bank or the Bank for International Settlements.
(d) Gold coin and bullion licensed for other proper transactions (not involving hoarding) including gold coin and bullion imported for reexport or held pending action on applications for export licenses.
That came to mean ANY pre 1933 gold and silver coin.
Read it and go cry to someone.
londonfog
Well-Known Member
is that wiki ???
londonfog
Well-Known Member
ok read it some where other than wiki. Question what if you wanted 6 ounces of bullion and would not a million coins be hoarding. Seem like the law is a trap
If you really wanted 6 ounces of bullion, I won't tell if you won't.
My Grandfather never turned in his gold. He lived to 98 years and died very wealthy.
6 million US gold eagles dates 1932 would be perfectly legal for you to possess. If you had 6 million 1934 canadian gold coins, you need to turn those in, only coins with numismatic value (which would be every coin prior to the order) were exempt.
Not many people had even a single gold coin, silver was much more common. Most people didn't turn in anything. Although people who kept their PM's in safe deposit boxes had them taken, but they were of course reimbursed.
londonfog
Well-Known Member
but was it illegal to have 6 ounces of bullion. I think that was a yes or no question
Yep, it was considered HOARDING if you had that much, but the gold itself was never and has never been illegal. Like you claimed.
So you can shut up about it now, you were wrong again, just suck it up and go on with your life.
londonfog
Well-Known Member
so it was illegal ...it was just according to how much
Thanks
Gold nor silver were ever illegal, but hoarding it was. You should actually read the executive order you cited, it clearly states that HOARDING is illegal, not gold nor silver.
You can deny this all you want, but you'll be wrong every time.
sheskunk
Well-Known Member
londonfog
Well-Known Member
ok whatever you say, but at one time if you owned, had , possessed, over a set amount of gold or silver it was illegal.
how much do you have ?
