[Smokin' Joe]

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.

[muawiyah]

“They” were fighting some really serious deflation. People claim they want stability in the value of their money, but if you upset their little applecarts based on inflation or deflation they’ll have your head.

[Atlas Sneezed]

And then promptly re-valued gold at $35.00 and ounce, which reduced the value of the greenbacks over night.

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Which hurt everybody, not just those who exchanged gold dollars for paper dollars.

What I’m saying is that “confiscation” (”buy-up”, actually) is not a cost or risk of owning gold, compared to owning something else that then turns into dollars.