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<p>[QUOTE=&quot;Cloudsweeper99, post: 619614, member: 3011&quot;]I believe your information is correct.&nbsp; I have heard and read, but cannot confirm because I wasn&#039;t there, that the 1933 executive order permitted people to keep $100, meaning five $20 gold coins dated 1933 or earlier, which essentially meant all of them.&nbsp; So in a household of five people, each family member could keep five.&nbsp; In total they would have 25 $20 gold coins, which was a tremendous amount of money in 1933.&nbsp; So the law wasn&#039;t really targeted at individuals, but at bank reserves and wealthy &quot;hoarders.&quot;&nbsp; The other part is that the gold wasn&#039;t &quot;confiscated.&quot;&nbsp; It was exchanged for paper money which could have been immediately exchanged into silver coins if the holder was worried about the soundness of the currency.&nbsp; </p><p><br /></p><p>At least that&#039;s the way I heard it.</p><p><br /></p><p>Nobody knows what would happen if they did it again, but since gold isn&#039;t money now and isn&#039;t used in foreign trade, there is no motive for confiscating it.&nbsp; If there was a strategic need, the most likely outcome is that the government would &quot;force&quot; the people to sell gold or silver to them at some predetermined market price.[/QUOTE]</p><p><br /></p>

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