“As citizens complied with the new ”law” by turning in gold”
I doubt there would be much compliance today.
Unfortuneately, I sold all mine long ago. A very long time ago. Far, far in the past. Years ago. Spent all the money. Blew much of the money on whiskey and wild women. The rest I wasted.
I doubt there would be much compliance today.>>>>>>>
1933 FDR depended on voluntary compliance with gold confiscation. There were no raids of homes of safe deposit boxes. People who did not comply let their children inherit their gold coins or the coins were somehow spirited out of America to Canada, Mexico and Europe.
FDR wanted all ALL one ounce gold coins to be traded in for 20$ worth crisp new Federal Reserve Notes and to be melted down and go to the Treasury or the Federal Reserve. . This obviously did not happen or we would not have pre-1933 US gold coins trading as numismatic coins these days
>>”Blew much of the money on whiskey and wild women.”<<
LOL. Sometimes memories are the BEST investment! At least you can take those with you when it’s time to check out.