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1944 Gold Coin Treasury Memorandum (& other cool stuff)
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<p>[QUOTE="GoldFinger1969, post: 26769732, member: 73489"]It seems that regardless of Woodin's presence (and I believe he died shortly into FDR's 1st term)....the widespread knowledge that you could hold gold in the form of coins wasn't well known until about the time of this memo....1944.</p><p><br /></p><p>Actual coin collectors were certainly aware...but folks who wanted to take advantage of this memo's core thesis -- <b><span style="color: #ff8000">that if you paid a PREMIUM to the value of the gold...that the coin was numismatic </span></b>-- appear to have been a bit late to the party. Louis Eliasberg picked up his gold buying right after 1933, killing 2 birds with 1 stone by buying numismatics (coin collecting + investing in gold).</p><p><br /></p><p><u><b>I have not seen any in-depth analyses....but it is estimated that about 15 million to 40 million Americans hold more than 1 ounce of gold today wheras the amount in the early-1930's was probably a few million, tops. So much more widespread gold ownership today (and far larger in nominal and real terms) makes any talk of confiscation a pipe dream, IMO</b></u>.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26769732, member: 73489"]It seems that regardless of Woodin's presence (and I believe he died shortly into FDR's 1st term)....the widespread knowledge that you could hold gold in the form of coins wasn't well known until about the time of this memo....1944. Actual coin collectors were certainly aware...but folks who wanted to take advantage of this memo's core thesis -- [B][COLOR=#ff8000]that if you paid a PREMIUM to the value of the gold...that the coin was numismatic [/COLOR][/B]-- appear to have been a bit late to the party. Louis Eliasberg picked up his gold buying right after 1933, killing 2 birds with 1 stone by buying numismatics (coin collecting + investing in gold). [U][B]I have not seen any in-depth analyses....but it is estimated that about 15 million to 40 million Americans hold more than 1 ounce of gold today wheras the amount in the early-1930's was probably a few million, tops. So much more widespread gold ownership today (and far larger in nominal and real terms) makes any talk of confiscation a pipe dream, IMO[/B][/U].[/QUOTE]
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