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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2210835, member: 71510&quot;]This was when &quot;all&quot; gold was confiscated / bought out from private citizens.&nbsp; The government fixed the price of gold exchanged at ~$20 in 1934 for any and all gold held within US borders and then once the gold was turned in - on that final day they re-valued it at $35 per ounce.&nbsp; </p><p><br /></p><p>This was called the Gold Reserve Act of 1934 and you can read about all of the details.</p><p><br /></p><p>It was not done against the swiss company - it was across all holders of gold in the US.</p><p><br /></p><p>Talk about price fixing, collusion and screwing of the American people...</p><p><br /></p><p>More &quot;New Deal&quot; bull pucky by Roosevelt along with useless government job creation and increased taxes to steal the wealth of individuals and pass it on to the government.</p><p><br /></p><p>This was a dramatic changing point in time towards the &quot;nanny state&quot;</p><p><br /></p><p>Long Live Big Government - the solution to all our problems.[/QUOTE]</p><p><br /></p>

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