The Gold Recall
Lear Capital explores the 1933 Executive Order by FDR prohibiting private gold ownership. Lear explores the facts surrounding the order: 1) Private ownership of certain quantities of gold was restricted 2) The Recall Order did not apply to "rare" or "unusual" coins 3) The US Treasury determined what was "rare" or "unusual" 4) In 1974 the order was repealed. Lear believes that the possibility of another Gold Recall Order is unlikely but strives to keep consumers informed about all aspects of the gold marketplace.
The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.