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 Replies: 26 / Views: 1,407 |
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Valued Member
United States
377 Posts |
Thoughts about the recent spike of Spot prices: If the Government enacted a law like FDR did with the "Gold Reserve Act of 1934" today, would you surrender your Silver or Gold collection or hide it from law?
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Pillar of the Community
 United States
6498 Posts |
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Pillar of the Community
United States
5601 Posts |
No question is Dumb, Great topic, History has been Known to repeat itself. While I believe in Todays society America's well being is stronger, History shows when FDR instituted the Gold Reserve Act of 1934, All Gold was to be handed in. Was it? Fast forward to Today's largest Auction houses, They Show Gold pieces that were apparently Not handed in, How can that be?  This Should indicate the direction Some people Might consider, I mean IF not all the Gold was handed in Then, History May Repeat itself ? Should things go full crazo....Just my opinion. |
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Pillar of the Community
United States
2829 Posts |
Sometimes I forget where my car fob is, so.... it's likely I don't know exactly how much silver & gold I have or where I may have hidden it in my house. I'm an old man, what will they do.... take me to jail due to my absent mindedness?  |
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CCF Master Historian of USA Commemoratives
United States
12250 Posts |
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
1227 Posts |
A lot of that gold in question left the country and went to Switzerland
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Valued Member
 United States
377 Posts |
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A bit of transparency and clarity regarding FDR and the gold ban:
- Commems Collection Questions: Answer #12 - FDR And The Gold Ban
Thanks for info Commems, it changed a couple of aspects of what I believed to be fact on that subject! |
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Pillar of the Community
United States
2456 Posts |
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would you surrender your Silver or Gold collection or hide it from law? neither.  |
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CCF Master Historian of USA Commemoratives
United States
12250 Posts |
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... it changed a couple of aspects of what I believed to be fact on that subject! Glad to hear it  Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
6987 Posts |
Surrender my Au or Ag.?  They'd have to take my Fe and Pb first....  |
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Pillar of the Community
United States
5601 Posts |
What is this thing called Precious Metals, ?  |
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Pillar of the Community
 United States
6448 Posts |
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A lot of that gold in question left the country and went to Switzerland I believe that these days, the Swiss banks are much more cooperative with government authorities from across the world. |
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Valued Member
United States
377 Posts |
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Great topic, History has been Known to repeat itself.
Thanks M.D.! Just thought I would share a question that I had when I was discussing Bullion prices when confidence in the Banking System drops. |
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Valued Member
United States
311 Posts |
What would Uncle Sam hope to accomplish by confiscating gold? With the benefit of hindsight, everything we've done has led us to this point where USD is world reserve currency, we have largest economy and we have the biggest gold hoard by far. The FDR Act helped pull us out of the Great Depression. And then that accumulated gold helped pay for WW2.
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Bedrock of the Community
United States
10470 Posts |
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would you surrender your Silver or Gold collection What silver and gold collection? |
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Bedrock of the Community
United States
10470 Posts |
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That's a dumb question Jeez, I don't think even I would say something that straight forward  |
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Replies: 26 / Views: 1,407 |
Posted 02/08/2026 1:24 pm
