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<p>[QUOTE=&quot;Cloudsweeper99, post: 911232, member: 3011&quot;]One thing to keep in mind is that in 1933, the government was more interested in taking gold out of the banking system than taking it from individuals.&nbsp; There was an exemption of five $20 gold pieces per person, so a family of five could keep $500 in gold, a pretty good sum in 1933 and equal to about $30k in gold bullion today.&nbsp; The government did not confiscate silver, so people could convert their gold to silver, or convert it to numismatic coins that were not confiscated.</p><p><br /></p><p>Regarding the ETFs, it is very popular for untrained bloggers to make claims on a variety of goldbug sites that the ETFs hold no bullion.&nbsp; They frequently quote each other and not a single one has provided even the smallest amount of proof that the claims are true.&nbsp; Since the general public can&#039;t distinguish between fact and opinion, this sort of stuff passes for investment analysis.&nbsp; I would urge everyone to stick with facts, not fantasy when making investment decisions.[/QUOTE]</p><p><br /></p>

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