What was Roosevelt’s Executive Order 6102?

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Just one day after taking office, by referencing an old World War I statute called the “Trading With The Enemy Act” of 1917, Roosevelt essential declared war on ordinary American citizens when he declared a four day bank holiday and closed all banks including the Federal Reserve.

A few days later, the Emergency Banking Act was signed into law which gave Roosevelt an unprecedented amount of power and control over the economy.

Understanding Silver Eagle Premiums

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The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.

Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.

Is Owning Precious Metals Legal?

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On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.

For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.

Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.

It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.

Where is the best place to buy silver?

There are a lot of online bullion dealers. With so many online dealers how do you decide which bullion dealer is the best company to buy from? It doesn’t matter if you’re an investor looking for the lowest price investment, or if you’re a collector wanting to find the best prices on silver coins to … Read moreWhere is the best place to buy silver?

Compare Premiums to Determine Which Silver Dealer Has the Best Price

shipping silver bullion

When you buy silver and gold bullion from online dealers the pricing displayed on their websites can be confusing. It can sometimes be hard to tell if you’re getting a good deal or not. All bullion dealers, whether online or a local coins shop, price their bullion relative to the spot price of the precious … Read moreCompare Premiums to Determine Which Silver Dealer Has the Best Price