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<p>[QUOTE=&quot;medoraman, post: 1666853, member: 26302&quot;]If it exempted enough to allow all gold coins in history to be kept in private hands, why is almost all Ft Knox gold from melted gold coins, and most of the US gold coins people now own, (at least from 1880-1933), had to be imported in from Europe after the ban was lifted? Ft Knox gold reserve was created nearly singularly from melted US gold coins the US confiscated. They didn&#039;t even bother to purify it, just keeping it in coin gold form.</p><p><br /></p><p>Yes, they exempted art, industrial usage, and a small amout per person, but the regulations effectively shut down the payment system in gold specie in this country. Such regulations have large chilling effects. As late as the 60&#039;s many coin dealers refused to buy or sell gold coins believing ownership of them was illegal.[/QUOTE]</p><p><br /></p>

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