Message:

<p>[QUOTE=&quot;medoraman, post: 1675138, member: 26302&quot;]I guess you and I just disagree about the chilling effect of this legislation. I have read from Bowers and other authors many coin dealers of this era would not touch gold, saying &quot;its illegal&quot;. If coin dealers don&#039;t even realize its not illegal, what would normal people think? Banks might accept it for face value, but the point was no one wished to use it in transactions since there was this air of worry around the use of it. Look at the Treasury rule now on cents and nickels. Its not a law, has not been upheld in any court I have heard of, yet no smelter in this country openly defies it.</p><p><br /></p><p>You have said before the restrictions were no big deal, there was plenty of gold people could keep. Yet, if that was the case, why did 99% of gold dated 1880-1933 residing in this country end up in bricks in Ft Knox? My opinion is simply the chilling effect of the law basically intimidated the masses into turning all of their gold in, whether they had the &quot;right&quot; to own it or not. Same would happen if the same law, (or a broader one covering silver), were passed today.</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in