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<p>[QUOTE=&quot;fatima, post: 1127974, member: 22143&quot;]These articles gain traction simply because the 1933 gold confiscation is almost completely misunderstood.&nbsp; There was no &quot;confiscation&quot;.&nbsp; &nbsp; Despite reports, which never provide any quoted sources, gold was never forceably taken from anyone.&nbsp; What did happen is that financial transactions in gold coin and gold certificates were made impossible and people with modest means and assets, had to turn in their gold currency in order to maintain their savings, cash, etc.&nbsp;&nbsp; There was no reason there wasn&#039;t anything wrong about the FRNs they were replaced with because, at the time, they were freely redeemable for silver.&nbsp; Since a FRN could be exchanged for a silver dollar, people for the most part, people complied with the change.&nbsp;&nbsp; </p><p><br /></p><p>These days, silver is not used at all for currency as the $ is 100% fiat.&nbsp; (not the case in the 1930s)&nbsp; So the government doesn&#039;t need or want PMs from people in order to increase spending.&nbsp;&nbsp; All they need to do is simply print more dollars which is exactly what they are doing.[/QUOTE]</p><p><br /></p>

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