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As far I know, US government once confiscated gold http://en.wikipedia.org/wiki/Executive_Order_6102 http://en.wikipedia.org/wiki/Executive_Order_6102
by dgregd 14y ago
As far I know, US government once confiscated gold
http://en.wikipedia.org/wiki/Executive_Order_6102 http://en.wikipedia.org/wiki/Executive_Order_6102
- wintersFright 14y agoyes they confiscated domestic gold. but confiscating another sovereign's would be an act of war. A lot of US treasuries held by Central Banks in reserve might suddenly go on sale and send interest rates sky high...destroying the USD. They would want to think twice on that.
- deleted 14y ago[deleted]
- mars 14y agostoring it where it belongs just adds a little bit of safety. i mean you never know, especially when considering the current world economics.