And here’s the second and final part of the guest post by Sandy Sandfort. Part I is here
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TRUTH IN GOVERNMENT? YOU BETCHA! (Part II)
A Short Guide on How to Read Government “Tells”
By Sandy Sandfort
Before I give you two final financial examples, I will give one from my own family. On 5 April 1933, FDR signed Executive Order 6102 (just like Obama, he had a pen and a telephone) which required Americans to turn in their gold in exchange for paper money at $20.67 per ounce.
When my father read about the order in the newspaper, he immediately told my mother, “They’re going to devalue the dollar!” In other words, he skipped past all the order’s rhetoric and jumped to the “why.” When he figured out what and why the order was given (devaluation), he set about illegally amassing as many gold coins as he could. He was able to get rid of a lot of paper in exchange for a lot of gold. As he predicted, the dollar was devalued (40% to $35 per ounce. For decades, he and my mother paid for fun trips to Mexico with gold coins they sold in Mexico for the world price of $35 per ounce.
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