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From the Wikipedia article: "The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($587 in 2010 dollars) re
by letney 14y ago
From the Wikipedia article:
"The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($587 in 2010 dollars) resulting in an immediate loss for everyone who had been forced to surrender their gold."
That is theft, plain and simple.
- rayiner 14y agoIt would've been theft if the conversion rate was raised before the confiscation but people were paid out at a lower rate.