question for our older RPF members

[heavenlyboy34]

If there's anyone here old enough to remember when the government ordered privately held gold "turned in" (i.e. "stolen"), I have a question for you. Was there mass panic or chaos? Riots? We live in an age of government thieves, and your insight would be interesting to me.

HB34.

 

[theoakman]

Umm, are you looking for someone approaching the age of 90?

From the history and old books I've read (my university library has books from the 1800s on Gold/Silver), there wasn't much disruption. People who feared confiscation had their gold out of the country well before the 1933 order was executed. The abandonment of the gold standard was met with support. People thought that inflation was the path to recovery, just like today. Also, it should be noted, when they set the price to $35, it was slightly above the value that would have been set by the free market. This artificially prompted gold to move into the US from overseas.

 

[MsDoodahs]

I asked my 91 year old uncle about this, he said our family was so poor that they didn't have any gold to be confiscated. They lived in a cotton mill village and everyone there was poor.

He didn't recall any riots or big deal.

 

[UnReconstructed]

hell, i thought he was talking about me... I feel old around here 35

 

[LittleLightShining]

hell, i thought he was talking about me... I feel old around here 35

Me, too! (I'm 35, too.)

 

[brandon]

There were never cconfiscations. An executive order was issued that required people to sell their gold to the fed for something close to the current market value.

If you did not sell your gold to the fed, you could face prison time.

However, the government never forcefully confiscated it and only 1 person was ever prosecuted under the executive order.

I'm 97

 

[heavenlyboy34]

There were never cconfiscations. An executive order was issued that required people to sell their gold to the fed for something close to the current market value.

If you did not sell your gold to the fed, you could face prison time.

However, the government never forcefully confiscated it and only 1 person was ever prosecuted under the executive order.

I'm 97

You type darned quick for a 97 year old!

 

[Danke]

There were never cconfiscations. An executive order was issued that required people to sell their gold to the fed for something close to the current market value.

If you did not sell your gold to the fed, you could face prison time.

However, the government never forcefully confiscated it and only 1 person was ever prosecuted under the executive order.

I'm 97

Bullshit. Ya, you know why? 'Cause they couldn't! (for most people).

It was an executive order, for Christ sake.

Does not apply if you are not under the executive branch (ie. most private, State Sovereigns).

People are so dumb about this stuff coming out of the executive branch.