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<p>[QUOTE="Texas John, post: 994087, member: 25813"]Goldbugs are obsessed with gold, so they assume everybody else is, too. Gold <i>coins</i> were <i>recalled</i> in 1933 because the arcana of the law meant that for every $20 gold piece returned, it was legal to release $100 in Federal Reserve Notes to circulation. It was an emergency measure to increase the money supply and re-inflate the depressed economy. Gold no longer has any legal relationship to money, like it did back then, and so it be of no use for the government to confiscate it.[/QUOTE]</p><p><br /></p>
[QUOTE="Texas John, post: 994087, member: 25813"]Goldbugs are obsessed with gold, so they assume everybody else is, too. Gold [I]coins[/I] were [I]recalled[/I] in 1933 because the arcana of the law meant that for every $20 gold piece returned, it was legal to release $100 in Federal Reserve Notes to circulation. It was an emergency measure to increase the money supply and re-inflate the depressed economy. Gold no longer has any legal relationship to money, like it did back then, and so it be of no use for the government to confiscate it.[/QUOTE]
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