Bullionaire Blindside: One of the Greatest Insider Gold Trade Schemes EVER

If you are a bullion holder in a Negative Swap Line (-SWAP) Nation – please pay attention. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Dear Reader, If you are a bullion holder in a Negative Swap Line (-SWAP) Nation – please pay attention. Bernard Baruch was one of the wealthiest speculators in American history. He started with nothing and worked his way up to becoming a war effort hero and a trusted advisor to many Presidents during his lifetime. But he made his fortune by speculating. The myth and popularity of another speculator during the same era – Jesse Livermore – gets much more print than Bernard Baruch. But in my books, Bernard Baruch ran circles around Jesse Livermore. **PUBLISHER'S NOTE** Our KR Special Situations Team has uncovered a gold stock to bring to your attention. A special alert is coming as early as next week. Stay tuned. Today’s missive is about the biggest bet that Bernard Baruch ever made. But not only did the U.S. Government take it from him, they tormented him for doing it. It’s said that no American individual has ever held more gold in his personal possession… Bernard Baruch’s personal stash of bullion was a little over 2 tons of gold (over 65,625 ounces). That’s over USD$154 million in bullion at today’s prices. He was America’s richest Bullionaire (i.e. someone who owns 1,000 or more ounces of physical 99.99% gold). So what happened, you ask?   America’s First Bullionaire Was Blindsided by Executive Order 6102 During the financial crisis of 1933, banks teetered on the edge of insolvency. In March of 1933, the Federal Reserve Bank of New York could no longer honor its commitment to convert currency to gold, which led to Roosevelt’s controversial Emergency Banking Act. The Emergency Banking Act gave the United States President the power to control international and domestic gold movements. On April 5, 1933, one month after taking office, President Roosevelt ordered all Americans, by Executive Order 6102, to surrender their gold at the government fixed rate of $20.67 per every ounce of gold. It became forbidden to hoard gold coins, bars or certificates within the United States. All gold coins, bullion and gold certificates would have to be surrendered to the Federal Reserve by May 1, 1933. That was less than one month after the President’s Executive Order. Over 14.5 million ounces were surrendered to the U.S. Federal Reserve. Nobody surrendered more gold bullion to the U.S. Federal Reserve than Bernard Baruch, with his stash of over 2 tons of gold (over 65,000 ounces). At the same time in Europe, the going rate for gold was about $29 per ounce equivalent, 40% higher than the price the Americans were forced to surrender their gold to the government. The Executive Order to surrender their gold didn’t give Americans enough time to organize the required logistics to play the arbitrage opportunity. Not to mention that President Roosevelt made it illegal to do so. Millions of Americans were forced to sell their gold at below international market rates. Here’s what’s not mentioned in the history books of this period… The U.S. government made a serious inquiry into all the mines and gold dealers on: Who sold gold, and To whom the gold was sold before the Executive Order. Bernard Baruch had to testify to the U.S. Secretary of Treasury because he bought so much gold. In fact, the president of one of the mining companies that sold its gold to Baruch had to also testify why Baruch bought all the gold. Protecting one’s wealth and lack of trust in the fiat currency wasn’t an acceptable answer in the eyes of the U.S. Treasury Department.   So, You Want to Be a Bullionaire? Before you set your sights on becoming one of the global Bullionaires, please understand what happened to U.S. Bullionaires in 1933. The United States Gold Reserve Act of January 30, 1934. On January 30, 1934, immediately after forcing Americans to surrender their gold at $20.67 per ounce, President Roosevelt raised the price per ounce of gold to $35 per ounce. This immediately booked a 69% gain on the gold that was surrendered in May 1933. President Roosevelt knew exactly what he was doing. America was in a deep recession in 1933. United States GDP had contracted for the 5th year in a row. Famous individuals like Jesse Livermore owed millions and went bankrupt. Shortly after the Gold Reserve Act in 1934, Jesse Livermore filed for bankruptcy for a third time. Many popular business executives who were household names such as George Eastman (Kodak) and Ivar Kruger committed suicide between 1932 and 1934. The U.S. economy hit all-time lows and recorded its highest unemployment rate ever up to that point. Deflation was destroying lives, families, and the morale of a nation. Known as the “Misery Index” it is the sum of the inflation rate and the unemployment rate. As you can see in the chart below, it soared during the early 1930s, peaking in 1933 before gradually declining over time. Governments fear deflation much more than they fear inflation. President Roosevelt wanted inflation and the fastest way to do so was to re-price the gold the U.S. Government just nationalized from Americans. By repricing gold, President Roosevelt brought inflation to the economy. And it worked. But before the U.S. Government did so, they forced Americans to surrender their gold coins, bullion and gold certificates. Knowing the U.S. Government would reprice gold after they forced Americans to surrender the gold, this became the greatest insider trading scheme ever seen in the world. Worldwide governments are breaking under the debt and deflationary pressures in their domestic economies. Those same governments will copy President Roosevelt’s Executive Order of forcing all citizens to sell their gold coins and bullion to the government at a fixed price in the local currency.   The Golden Pocket and “Greatest Period” All that said, after the 1934 U.S. Gold Reserve Act, the miners experienced their greatest period of free cash flow and dividends. Around the world, gold is already hitting all-time high prices in foreign currencies and recently all-time high prices in U.S. dollars.   We’re entering an incredible gold market. With volatility on both the upside and the downside. This collective bull market is unique and a global movement. It makes sense as central bankers and governments flooded the fiscal system with capital over the past 20 years. The chickens seem to be coming home to roost. Within the next five years, gold will attract front-page attention as it hits prices that we’ve never seen before. But broke governments will want their share. They will want your gold. And in some places, even the gold mines. This means you must understand the political risks that are currently not being priced into mining company or royalty company share prices. History may not repeat but it sure does rhyme. Gold mining companies greatly benefited from the bankrupt governments post the Great Depression. Bernard Baruch always wished he invested in the right miners. Governments are in even worse shape financially today than in the depths of the great depression. The stars are lining up for gold’s golden moment. And you won’t believe the monumental data we’ll show you next… Regards, Marin Katusa Chairman & Founder, Katusa Research Copyright © 2024, Katusa Research, All rights reserved. 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