Marc Faber: I advise every American to hold his gold outside of the United States

I would like to point out an interview with Marc Faber, one of my favorite market analysts. He is pretty entertaining, really.

Marc Faber is a hard money, old school investor who thinks that the U.S. government is going to reflate in order to avoid depression and that means gold is more valuable. But, for those of you who don't know economic history, the fact is that this has been tried before, in the Great Depression in the 1930s and the result was that the government had to confiscate Americans' gold.  It was Executive Order 6102 signed on 5 April 1933 right after Franklin Roosevelt came to office and it forbade all Americans from owning physical gold assets.

Quoting Wikipedia:

It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and ...


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