The Executive order FDR signed in 1933 was designed to prevent the hoarding of gold. Actually, it criminalized hoarding, although there were very few, if any, prosecutions. The gov’t did pay about $20 an ounce for your gold. How much are those dollars worth today versus keeping the gold???
And then promptly re-valued gold at $35.00 and ounce, which reduced the value of the greenbacks over night.
We've seen how this works once, and as such aren't likely to fall for that again.
Yes, they paid $20.00, but turned around and devalued the dollar by 40% and the price of gold was then raised to $35.00. He also destroyed crops and food while people were starving for the purpose of raising food prices.
During the 1950’s my grandparents used to give me a BIG NICKEL (it was a silver dollar) for my birthday. Mom said they had been stockpiling them in case the money ever became worthless again. She always took the coin for “safekeeping” and later we would buy something for a dollar bill. Wish I had all those big nickels now.