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<p>[QUOTE=&quot;fatima, post: 1436195, member: 22143&quot;]Because unlike 1933, the vast majority of the public does not hold physical gold.&nbsp; The ones that do, are hopefully, smart enough not to let anyone know about it.&nbsp; It would be a huge amount of angst for the President to absorb with little payoff.&nbsp;&nbsp; </p><p><br /></p><p>On the other hand, they can do what they are doing now.&nbsp; Hold interest rates at 0%, well below the rate of real inflation, and punish savers and retirees (who can&#039;t take much risk) and transfer great sums of accumulated wealth to the federal government.&nbsp;&nbsp; If they really want to take something from the people, then I suspect they will nationalize retirement accounts.&nbsp; That is, all the paper money you have in 401Ks, IRAs, anything else that you have locked up until age 59.5 for tax avoidance reasons, will be converted to a government bond program and the government promises to pay you guaranteed return on it when you get old.&nbsp;&nbsp; If you hold some of your money is in physical PM, which they don&#039;t know about, it&#039;s saved from this demise. </p><p><br /></p><p>So there is no reason to take the people&#039;s gold, what little of it there is, from them again.[/QUOTE]</p><p><br /></p>

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