An important question I have received numerous times is, "Should I be buying gold as a safeguard against a financial collapse?" I have prayed about this repeatedly and can say I have never been given a leading to purchase precious metals. That is my spiritual answer. However, history has another lesson from the 1933 Presidential Executive Order 6102 signed by Franklin D. Roosevelt.
The law required the exchange of all privately owned gold, except a small amount about $100.00 in collectible coins and gold notes, to be redeemed by the Federal Reserve. Jewelers, artists, dentists, etc. were given very limited exemptions. There was a $10,000 dollar fine (about $183,000 today) and or up to five to ten years in prison for failing to comply. The alleged primary reason was that the Federal Reserve (an international cartel of private bankers) required a 40% backing of gold which constrained its ability to increase the money supply.
As many nations have been repatriating their gold, which was once kept in our country, there is a clear indication that the day will come when the exchange of our currency through the central banks will not suffice in acquiring products we need from other nations. Once this occurs and demands are made upon our government to provide precious metals for purchase of needed commodities, where do you think they will turn to get the gold needed?
There are no simple answers to the complex issues we will soon face together. I would ask you to consider the Grain-Dollar. The Bible says that roughly, 1 pound of grain will cost a day's wages in the future, Rev. 6:6. We have always said, "Get cash ahead," you will need it and no one can live without grains.
Since 2002, Steve has been warning our nation that it will again enter into another Great Civil War and that it will be one of Lawlessness vs Civil Order.