On June 5th, 1933 the U.S. Congress abolished the United States’ use of the gold standard by enacting a joint resolution (48 Stat. 112) nullifying the right of creditors to demand payment of Federal Reserve notes in gold. Historically Gold, Silver and other precious metals have always mantained their value whereas paper/fiat currencies like the U.S. Federal Reserve note have not. Today, while the value of the paper Federal Reserve note plumments, it is illegal for Americans to use Gold, Silver or other precious metals as currency. Is this freedom? Ron Paul doesn’t think so.
Ron Paul Moneybomb June 5th, 2011 | Legalize Gold and Silver