PMs are crazy

Barney McRae · Jan 19, 2026 at 9:25 PM

Vess1 said: ↑

The video says "once they got all of it". Wrong. If they would have gotten all of it there wouldn't be any gold for sale today. In 1933, a time when most still trusted the government, they estimate they got around 1/3rd of privately owned gold confiscated before pulling out the rug.
People were also allowed to keep a small amount. Up to $100 face value. So that would have been five $20, ten $10 or twenty $5 gold pieces. Most of the public didn't have anywhere near that much. How many collectors have that much nowadays? I'm sure some do, but the point is there was a carve out. Even if it came to that again,there'd likely be a larger carve out and maybe it just couldnt be openly sold anymore. I don't imagine they'd get much turned in today.
Click to expand...

A lot of the uber wealthy owned gold during the confiscation period. A crap load ended up in London and Zurich, poof! Got put on ships and sailed east.

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