What are pre-1933 gold coins and why buy them?

Рет қаралды 915

27 күн бұрын

00:10 Some history of pre-1933 Gold coins
04:45 Executive order 6102 - Gold Confiscation Act
05:32 Executive Order 6814 - Silver Confiscation Act
05:40 Why buy pre-1933 gold coins?
05:45 Scarcity
05:52 No reporting requirements
06:05 High Purity
06:18 Inflation Hedge
06:44 Profit Potential
07:00 How much gold is in each coin?
07:25 Counterfeit problems?
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Пікірлер: 20

@amr8457 23 күн бұрын

At this point it doesn't matter what kind of gold you collect as long as you're trading in your dollars for gold and silver, is the important factor at hand. The dollar is dying.

@LaurenTGage 23 күн бұрын

The more I'm learning, the more I see how true what you're saying is and how concerning this all is.

@michaellindquist1023 23 күн бұрын

I am just glad my LCS is still taking all this paper I am brining him and giving me money in return. I tell him that every time I come in when he asks what I am looking for... "Just looking to trade some paper for money". Lucky for us holding USD, our paper is dying just slightly slower than all the other papers out there.

@LaurenTGage 22 күн бұрын

This comment should be in a book.

@davidmmm8 15 күн бұрын

Of course… What is it I read? The average Reserve currency only lasts 75-100 yrs. And we are in fact at the tail end for the US Dollar’s lifespan.

@therealhawkeyeii7888 23 күн бұрын

People didn't start to "hoard" gold during the Depression. People smartly lost confidence in the monetary system and the banks, and began to redeem their gold notes and withdraw their specie coins from the banks. This prudent action was classified by our enemies as "hoarding," and led to the end of real money in the US.

@LaurenTGage 23 күн бұрын

Excellent point. Did you see the following quote from the book "The Great Taking:" "Apparently all the U.S. public was now the enemy. Think about this. People who were simply protecting themselves and their families from the actions of the Federal Reserve System were accused of hoarding gold, and literally criminalized if they persisted in doing so. The rationale is incredible: You are hoarding gold, so we will take it and do what with it? Hoard it! As we have seen, once they had taken the gold of the public, they did not then use the resource to expand credit. People remained in a debt trap. The deprivation continued and even worsened. Clearly, the need to expand credit served only as a pretext for the confiscation of the public’s gold, which was the real premeditated objective."

@therealhawkeyeii7888 23 күн бұрын

@@LaurenTGage Well said.

@michaellindquist1023 23 күн бұрын

@@therealhawkeyeii7888 I totally agree, the same thing happened in 1971, Nixon blamed 'speculators' so he had to 'defend the dollar' I am so glad that channels like this are getting some traction. People really need to understand what is going on.

@DM-ob3sr 11 күн бұрын

Absolutely !

@DM-ob3sr 11 күн бұрын

Great job

@LaurenTGage 11 күн бұрын

Thank you!

@cyclingphilosopher8798 24 күн бұрын

Nice overview on pre-1933 gold coins. Over here in Europe these coins tend to have high premium, though. In Europe the Latin Monetary Union 20 Franc/Lire/Drachmai coins are the equivalent to pre-1933 (the Swiss 20 Franc being the most recognizable), often traded close to spot and highly liquid. But there are other coins: in The Netherlands the 10 guilder coin is very popular (especially the 1897 version), the German 20 Mark and the globally recognized British Sovereign.

@LaurenTGage 24 күн бұрын

Thank you, Cycling Philosopher! You've mentioned so many amazing coins I've never heard of. If we were in a cycling race, I'd just be starting long after the race was finished. I really appreciate you looking back from the finish line to encourage a new entrant. ☺

@YG-fm2wv 15 күн бұрын

The most American coins are the 50 and 100 Francs gold 1850 from France. All are made of gold from the gold rush in California 😉

@cyclingphilosopher8798 15 күн бұрын

@@YG-fm2wv I can imagine. Gold has been used as money for about two and a half thousand years in Europe. All the easily accessible gold is already mined. Currently, of all the gold produced in the world about 0.9% is produced in Europe.

@YG-fm2wv 15 күн бұрын

@@cyclingphilosopher8798 i wonder…. 12000tonnes reserves for all € centrale banks. 6000 tonnes held in private in Germany, 2500 tonnes in France. Reste I do not know Italians must also have a out of gold in private I guess