Government and private gold Goldline International



executive order 6102


in sales literature, goldline has drawn distinction between calls government gold , private gold. during great depression, in order stabilize dollar backed gold , avoid run on banks, u.s. president franklin d. roosevelt issued 1933 executive order requiring citizens surrender gold reimbursed @ price set government itself. goldline stated private gold (defined coins explicitly exempted 1933 order because of collector value) less recalled in future if government followed precedent set roosevelt, thereby possibly increasing desirability of collector-grade coins.


the roosevelt order resulted in 1 failed prosecution, , dollar no longer backed gold thereby putting question why government again ask surrender. rep. weiner has expressed doubt of likelihood of future recall , american numismatic association said non issue . santa monica , l.a. county investigators alleged distinction used spur sale of more-profitable collectible coins.


goldline includes replica of 1933 order in sales material. when asked george stephanopoulos on abc s morning america, scott carter, executive vice president of goldline, said didn t know if government again confiscate bullion saw parallel between 2010 , 1933.









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