Talk of The Villages Florida - View Single Post - Would you invest in gold and if yes, how? If not, why?
Thread: Would you invest in gold and if yes, how? If not, why?
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Old 07-19-2010, 01:18 PM
cashman cashman is offline
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Quote:
Originally Posted by Army Guy View Post
The reason gold became worthless during the depression and the FDR years, was it was made illegal to sell and own it in the "US" only. Reason being, and not wanting to turn this into a politic thread but this fact does address the question at heart of this thread, it was taken away, because gold represents wealth and FDR being a Progressive, began the slow process of taking wealth from people in order to control wealth overall by the issuing of GOV backed/CONTROLLED tender.
Nixon, rmade it legal again for private citizens to own gold and removed us from the gold standard.

Army Guy
Then you agree that gold was not a good investment because of the depression tactics of the US government.