[Homestead] gold back currency anyone?
bobford79 at yahoo.com
Sun Dec 7 13:40:42 EST 2008
James, another idea that goes along with this, is that becasue of gov't controls you can not carry more than $10,000 US across borders. Howver there are goldbugs who get around this becuase they use American Eagles or
buffalos, which are denominated into USD at a much lower rate than actual gold value. It has been a topic of converstaion of goldbug boards for years. It is surprising how many people on these type boards crisscross different national borders on a regular basis................
> --- On Sun, 12/7/08, Clansgian at wmconnect.com
> <Clansgian at wmconnect.com> wrote:
> > From: Clansgian at wmconnect.com
> <Clansgian at wmconnect.com>
> > Subject: Re: [Homestead] gold back currency anyone?
> > To: bobford79 at yahoo.com
> > Date: Sunday, December 7, 2008, 10:51 AM
> > > >That makes sense. Do you offhand know of the
> > that says a contract
> > > based on gold is void? I am somewhat a fan of
> > cartoonist R. Crumb (Fritz
> > > the Cat). A few years ago, he traded, using a
> > contract, his 'notebook'
> > > of drawings for an estate in France. No currebcy
> > any kind was used.
> > "The limitation on gold ownership in the U.S. was
> > repealed after President <A
> > Gerald Ford</A> signed a bill legalizing private
> > ownership of gold coins, bars and
> > certificates by an act of Congress codified in <A
> > 93-373 <A
> > <A
> > which went
> > into effect <A
> > 31</A>, <A
> > P.L. 93-373 does not repeal the <A
> > Clause
> > Resolution of 1933</A>, which makes unlawful any
> > contracts which specify payment in
> > a fixed amount of money or a fixed amount of gold.
> That is,
> > contracts are
> > unenforceable if they use gold monetarily rather than
> as a
> > commodity of trade."
> > http://en.wikipedia.org/wiki/Executive_Order_6102
> > --------------------
> > You will find a lot of gold-o-philes who say that a
> > court case in
> > 1977 established that 'gold clause' contracts
> > made legal again. Not true.
> > This was only a case involving whether gold was being
> > in a monetarialy or
> > not.
> > James
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