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From Wikipedia, the free encyclopedia

Jim Blanchard
James U. Blanchard III

(1943-11-10) 10 November 1943 (age 75)
Died19 March 1999(1999-03-19) (aged 55)
Metairie, Louisiana, United States
ResidenceGreenwood, Mississippi, Houston, Texas, Metairie, Louisiana
  • Teacher
  • lobbyist
  • author
  • businessman
Known forLegalization of gold
Board member of

James (“Jim”) U. Blanchard III (November 10, 1943 – March 19, 1999) was of the United States' most prominent dealers in rare coins and precious metals, active in the movement to legalise private gold holdings in the United States. [1] and the founder of Blanchard and Company, a precious metals investment firm.


Jim Blanchard was born on November 10, 1943 in Greenwood, Mississippi, grew up in Houston, Texas, and died at age 55 on March 19, 1999 in Metairie, Louisiana. As a boy, he attended New Orleans Academy but was sent to Chamberlain-Hunt Academy, a historic Christian preparatory school, after misbehavior.[2]

After a car accident that broke his back when he was a teenager, Blanchard was a paraplegic and used a wheelchair.[3] He recuperated at Warm Springs, GA, the spa town President Franklin Roosevelt had often visited to treat his paraplegia.[4]

Jim Blanchard acquired his G.E.D. and in 1964 enrolled at what is now the University of New Orleans (UNO). It was during this period that he first read Ayn Rand, whom he admired, later naming his son after Rand's novella Anthem.[5] He graduated with a major in history and taught for several years before founding the National Committee to Legalize Gold (NCLG).[6] Americans had not been able to privately own gold since 1933, when President Franklin Roosevelt signed Executive Order 6102.


Blanchard hired an airplane to fly over President Richard Nixon’s second inauguration with a banner that read "Legalize Gold."[7] He also dared the Treasury Department to arrest him for owning a two-ounce bar of gold,[8] and he displayed a gold coin smuggled into the U.S. from Canada at protests, daring the police to arrest him.[9]

President Gerald Ford was persuaded to legalize gold after seeing a television commercial of Blanchard, who held a bar of gold and asked, "Why can I not own this?"[10] Blanchard also successfully lobbied Congress for his cause.[11]

After legalization of gold, Jim Blanchard was a key figure in the U.S. gold industry.[12][13] He founded an influential[14] newsletter called Gold Newsletter, published a memoir called Confessions of a Gold Bug, and founded the gold investment industry's longest-running conference,[15] which has hosted speakers such as Margaret Thatcher, Milton Friedman, F.A. Hayek, Ayn Rand, and Ed Crane.[16] Blanchard also served on the Cato Institute’s Board of Directors.[17]


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  3. ^ Pugsley, John (December 2007). The Chairman's Corner: Essays on Liberty from the Sovereign Individual. ISBN 9780978921040.
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  13. ^ Pugsley, John (December 2007). The Chairman's Corner: Essays on Liberty from the Sovereign Individual. ISBN 9780978921040.
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This page was last edited on 21 September 2019, at 21:08
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