> In 1934, the Gold Reserve Act prevented Americans from holding gold which was the global reserve currency at the time and universally considered hard money.

> In 1934, the Gold Reserve Act prevented Americans from holding gold which was the global reserve currency at the time and universally considered hard money. And to a very little success. People hoarding gold in US scored millions, at the expense of a average Joe gold buyer. I believe the parallel is very relevant here. People buying bitcoin retail, and mining at gaming video cards are only a fodder for bigger fishes today.