By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby require the delivery of all silver situated in the continental United States on the effective date hereof, by any and all persons owning, possessing, or controlling any such silver, and do hereby require any and all persons owning, possessing, or controlling any such silver to deliver the same in the manner, upon the conditions and subject to the exceptions herein contained, such action being in my judgment necessary to effectuate the policy of the Silver Purchase Act of 1934. . . .
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this brings into play the 2nd....clean'em...load'em....stack'em....prepare to use 'em
ReplyDeleteSo, if I'm reading this correctly, silver bars would have to be turned in for $1.20 an ounce, but silver eagles (if they had existed) and silver dollars would have been exempt?
ReplyDeleteFat chance, come get it. Bring your heaters.
ReplyDeleteI have some silver tip bullets they can come get. :)
ReplyDeleteSilver that is exempt:
ReplyDelete(a) Silver coins, whether foreign or domestic;
Would generic rounds be considered coins?
(f) Silver contained in articles fabricated and held in good faith for a specific and customary use and not for their value as silver bullion;
I think Spyder is right, that any size bar would be confiscated but maples, eagles etc would not be. Would this be because only evil speculators would have silver in quantities large enough for bars?
Rör du dör du! - If you touch, you DIE!
ReplyDelete(Swedish saying)
GD right, Thank you!
ReplyDeleteSE