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 Replies: 35 / Views: 4,936 |
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Bedrock of the Community
United States
17884 Posts |
Quote:
The government has confiscated gold coins before. Not that I know of except for some stuff related to drug deals. The gold recall back in the 30's was not confiscation, the government paid for all the gold turned in. Quote:
No way, people all the time think the presidential and Sac dollars are gold. And the video from that news report is going to confuse people even more because it keeps talking about gold and gold coins and then the pictures keep switching back and forth between real gold coins and gold bullion coins and the Sac/NA dollars. They never say that the Sac/NA coins are NOT gold. Anyone who doesn't know coins seeing that video would naturally assume that all the coins being shown are gold. |
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Bedrock of the Community
United States
14454 Posts |
conder101, I believe they are referring to the gold that is in (or supposed to be in) Fort Knox, that was deemed owned by the US citizens and the citizens were given face value for their coins I have has people come by here with sac's and Presidential dollars saying they have these Gold coins and only paid $1.00 for it and want me to look at it. I remember someone saying they were at the bank and someone was buying rolls after rolls of the "new" dollars and when asked he didn't want to say anything at the teller but when they went outside he explained that these were gold and the price of gold was way up so he was buying coins for $1.00 a piece and they were worth a fortune |
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Valued Member
United States
136 Posts |
Interesting post. I'm sure if the government had a clue how to pay off the national debt they would be trying it. In my opinion the United States will never be able to pay it. We cant even keep up with the interest. Which basically means the U.S. is broke....... ( Don't tell anybody .)
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Valued Member
United States
286 Posts |
It is so sad, the same ignorant people that think they are buying solid gold coins for $1.00 are also voting, may explain why we have doubled our debt in the last few years!
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Pillar of the Community
United States
2661 Posts |
Yes people really are that ignorant. I worked with a guy at my last job that would get $200 worth of the Prez dollars every other week on payday from the bank down the street and was hoarding them because gold was going up. It was around $700 an once when he started doing this and would laugh each time he came from the bank and brag about how stupid our government was for selling an ounce of gold for only a dollar. I would laugh also, but only at him. He found out early last year that the few thousand dollars he had hidden away at his house had no gold value at all. He was a bit ticked off by that.
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Pillar of the Community
United States
7191 Posts |
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Valued Member
Canada
442 Posts |
If some Americans can chime in:
So you have these $1 coins, that are in circulation, but.... nobody uses them? To the point where some people have never even seem them before and believe they are made of gold?
I don't want to sound mean, but I highly doubt Americans are that.. umm... misinformed?
I guess its just hard to believe since up north our $1 and $2 are always used, and other places even have $5 and $10 coins.
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Pillar of the Community
United States
619 Posts |
Most Americans only care about paper money, and don't know the value of an ounce of gold (or silver). These coins are even called "gold dollars", due to their color. People hoard them, just like halves, and that only makes things worse.
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Pillar of the Community
United States
4132 Posts |
@vinnycoin: Surely, living in Canada, you've actually met some Americans? Yes, we are that stupid.
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Valued Member
United States
286 Posts |
I think it would be neat if we had $5, $10, and $20 coins that were in use in general circulation. But I doubt that would ever happen.
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Pillar of the Community
United States
5850 Posts |
Where I live, the best way to get the "golden" dollars is as change when buying subway fare. I went to the bank a few weeks ago to get a roll and the teller kept trying to give me a $100 stack of bills every time I asked for a "roll of dollars."
Seriously, though, these coins are absolutely not in circulation and I'm not surprised that people either haven't heard of them or else don't realize what they are made of. OK, so I'm a bit surprised that anybody would think they could get a solid gold coin for $1, but still...
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New Member
United States
46 Posts |
I don't even ....
I know people who have thought the "gold" coins are pure gold ... I shattered all their dreams in life ...
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Valued Member
United States
61 Posts |
This kind of stuff with the 'gold' $1 coins reminds me of when I would give my 4 year old sister a plastic "diamond" and she would get really happy and think it was actually worth a lot of money. The only difference between that and this is that with this the people aren't 4 years old, but they're grown men...
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Valued Member
United States
284 Posts |
I sometimes wonder if their is any hope at all for us, then I read something like this and realize their isn't. Even in the "information age" when knowledge is so readily at everyones fingertips ignorance continues to fill the space between the majority of the publics ears.
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Pillar of the Community
United States
4132 Posts |
"An empty head is not really empty; it is stuffed with rubbish. Hence the difficulty of forcing anything into an empty head."
-- Eric Hoffer
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Replies: 35 / Views: 4,936 |
First Page
Posted 01/12/2012 1:29 pm
