852-Fifty Years Ago It Was Illegal for Americans to Own Gold Coins or Bullion (Yes, Really)

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 2 March 2022

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fifty years ago it was illegal for Americans to own more than 5 ounces of gold coins or gold bullion. Yes, really.

Today, I want to explain this little-known history and talk about whether it may repeat in the future.

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Transcript

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0:00.0	Welcome to Radical Personal Finance, a show dedicated to providing you with knowledge skills inside an encouragement
0:04.6	You need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less
0:09.6	My name is Joshua and today on the show I want to talk to you about
0:13.5	when
0:14.5	something
0:16.5	That is completely innocuous
0:19.9	completely harmless
0:22.6	Was banned in an ostensibly free
0:27.8	Western country
0:30.6	And what's more is I want to talk to you with proven history when not only was this banned
0:38.2	but it was banned for
0:41.3	very clearly
0:43.3	ulterior motives it was banned by the government so that the government could steal from its own citizens
0:53.5	What was banned?
0:55.2	Gold coins
0:57.6	Gold bullium. Did you know
1:00.1	That for just over 40 years in the United States from about 1933 to 1974 it was illegal
1:08.8	For you to own
1:11.7	Something as simple and as innocuous as a gold coin
1:17.3	Did you know that you could not own gold bullion legally speaking in the United States for that
1:26.4	four-decade period and if you did own it
1:30.1	Your assets your gold coins your gold bullion or your gold certificates
	...

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