US Mint suspends Gold Sales for repricing!

Discussion in 'US Coins Forum' started by McBlzr, Aug 10, 2011.

  1. McBlzr

    McBlzr Sr Professional Collector

    The US Mint has suspended Gold Sales until they can reprice the products :eek:
     

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  3. mstng02gt

    mstng02gt Junior Member

  4. Cringely

    Cringely Active Member

    Unfortunately, all the gold confiscated in 1933 was melted into bullion and all numismatic value lost.
     
  5. Conder101

    Conder101 Numismatist

    No it wasn't because they didn't confiscate the gold, they required it to be turned in and they paid the current official price for the gold of $20. some odd cents per oz. And that amount was actually higher than the free market price at the time.
     
  6. mstng02gt

    mstng02gt Junior Member

    No not true. They forced people to give up gold backed money for worthless "government backed" paper money. Back then the primary value in the money was the gold value.

    If someone forced you to sell all your stocks because they were rising in value, then made you take a worthless substitute that will continuously go down for decades would you do it?
     
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