The Gold Clause: What It Is and How to Use It Profitablyby Henry Mark Holzer, Henry Hazlitt
Through the ages gold clauses have served as protection from inflation. Americans, however, were forbidden by law to own gold from 1934 to 1974. As gold ownership is once again legal, it is now possible to use
Everything anyone would want to know about a virtually unknown debt-protective contractual device with its roots in the Civil War's issuance of "greenbacks."
Through the ages gold clauses have served as protection from inflation. Americans, however, were forbidden by law to own gold from 1934 to 1974. As gold ownership is once again legal, it is now possible to use the gold clause to protect us from the destruction of paper money.
The Gold Clause explains exactly what gold clauses are, giving their background and how they have been used in the past. It documents how they were abrogated in 1934 and presents the legal cases stirred up over them. Most importantly, The Gold Clause thoroughly documents the current revival of their use, explains why they are again valid, and details how to structure them avoiding the critical pitfalls such as state usury laws.
The only complete presentation of all the legal foundations for gold clauses, The Gold Clause is an invaluable sourcebook for all who would use them, from laymen to legal professionals.
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