gold bullion wanted
gold bullion wanted
Could the government confiscate gold bullion .... again?
Reaqlly I want to buy gold bars b / c of how the economy is doing now. My only concern is whether the government passes a law that removes bloody gold. I fear that the improvement in the market temporarily while this happens for will pay less for gold to adopt, and then drive to the ground again as they did again in the last depression. I heard that pre-1933 coins can still be confiscated thus. Is this true?
The reason gold was captured in 1933 was because Americans still use gold as money. The paper money of the time was backed by gold. This means that a $ 10 could be exchanged for a value of $ 10s of Gold at the Bank. The problem with gold is the government can add or subtract money from the money supply. Unless they started to get gold again. The Government took the gold for the currency to eliminate competition, which the U.S. dollar, created from from nothing by the Federal Reserve, as the only acceptable form of money in the system.
