[h20skier66]

Chances are high, if the dollar goes we all go.

[ctdonath2]

There's a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens' private gold holdings.

Is there now?

Sounds like the standard cheezy advertising line "Everyone's talking about [insert obscure new unknown product here]!"

[ButThreeLeftsDo]

Why such a brutally short excerpt from your blog?

You wouldn’t be pimping, would you?

[mnehring]

I have a feeling most of these rumors are started by people trying to pump the price up or who are affiliated with companies who buy gold (ie, get you to sell it to them before it is taken away).

[Rio]

Well, they did it once before. What was the purpose that last time? ...and what would be the purpose this time?

[TexasTransplant]

Bullet confiscation should be the Govt biggest worry...

[drpix]

First, look at actual history:

Then remember that even FDR, during a depression that brought 25% unemployment, never took over auto companies and banks.

So what isn't Obama capable of doing?

[Paine in the Neck]

Obama's been singing from the FDR hymn book all along. Gold confiscation is one of the main chapters.

[wny]

come and try....

[djf]

I kinda doubt it.

Remember, when it happened under FDR, Gold WAS money. So many people had gold, I mean it was one of the primary mediums of exchange.

By removing the gold from circulation as money, people were forced in to using FRN’s.

I bet there is only 5% as much gold in private hands today as there was back then. And most of that is jewelry.

It would cause way more ill will and mistrust in government than it would be worth.