[eastexsteve]

Sound familiar? Don't think it can't happen again. Be careful buying gold eagles. It's coinage. Look on the back of the coin. It clearly says "United States Of America" just as it does on all other forms of our money. If they wanted to pull another gold confiscation on the US citizenry, they legally only have to pay you face value like Roosevelt did. (That's only $50 on a one ounce eagle.) Your safer bet might be to buy Maple Leafs, Krugerrands, or other non-US minted gold coins. Or, buy other non-monetary rounds and bars. Just make sure they are a well-recognized coin or serialized bar.

[Georgia Girl 2]

Yes, everyone will run to turn in their gold. 😆

[EvilCapitalist]

I’m sticking with silver. Not that the Fed Gov couldn’t confiscate that too.

[Texas Fossil]

History does not repeat itself.

The phrase was something like, If we do not learn the lessons from history we will be forced to repeat the failures. (paraphrased)

[Nateman]

Imagine the level of chutzpah needed to support the claim that the Constitution authorizes stopping the trade of something that Civilization has been trading in since Civilization started. This is among the many reasons why I chose FDR as one the worst of the worst presidents.

[Rockingham]

The aim of FDR's gold confiscation order was to diminish the link in the public mind between gold and legal tender paper money. It was reasoned that this would permit the issuance of new paper money without the backing of gold, which would thereby remedy the loss of money in circulation that was a key feature of the Great Depression.

Of course, with FDR's economic policies, confused thinking, unpredictability, and contradictory measures often led to poor results. Moreover, monetary theory had not yet been formulated, so even economists lacked the ideas and analytical tools necessary to understand what was going on.

In any event, in the current era, gold confiscation, higher taxes, and direct federal wealth taxes are all possibilities as the massive federal debt wrecks the dollar and disorders the economy.

[Arlis]

Only ONE person was prosecuted for not turning in his gold.

ONE.

Many turned in their gold in fear.

Many did not.

Who won that one?

[P.O.E.]

Canned beans and rice may be a more prudent investment.

[Albion Wilde]

turn in all but small amounts of gold to the Federal Reserve in exchange for $20.67 per ounce.

That would only be $490.00 today; wheras today's spot price for gold is around $2,100. Something is fishy. Oh, wait... The federal government. But wait! ... a Democrat president.