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<p>[QUOTE="HawkeEye, post: 2701242, member: 86305"]The gold was recalled at something like $32 an ounce and as soon as that was done I believe they changed the valuation ratio on the dollar so that the currency was devalued by around 10%, but I am going on memory. And then you could declare some gold coins as collectible and keep them, but those declaration rules escape me. So if you were just a common guy and played by the rules, turned in your gold to help old Uncle Sam, then Uncle Sam was the winner. Fortunately for collectors a lot of people did not play by the rules and kept their gold coins.</p><p><br /></p><p>And then good old FDR was a stamp collector. He had the postmaster create stamps just for him and some of his buddies that he planned to autograph and sell years later. He gave them out to friends and family. Congress caught him and had the postmaster print millions of them to devalue what he was doing.</p><p><br /></p><p>Died in Warm Springs, Georgia with his girlfriend. Unfortunately some things just don't change. My parents thought he hung the moon and saved us all. I see him as an elitist crook.[/QUOTE]</p><p><br /></p>
[QUOTE="HawkeEye, post: 2701242, member: 86305"]The gold was recalled at something like $32 an ounce and as soon as that was done I believe they changed the valuation ratio on the dollar so that the currency was devalued by around 10%, but I am going on memory. And then you could declare some gold coins as collectible and keep them, but those declaration rules escape me. So if you were just a common guy and played by the rules, turned in your gold to help old Uncle Sam, then Uncle Sam was the winner. Fortunately for collectors a lot of people did not play by the rules and kept their gold coins. And then good old FDR was a stamp collector. He had the postmaster create stamps just for him and some of his buddies that he planned to autograph and sell years later. He gave them out to friends and family. Congress caught him and had the postmaster print millions of them to devalue what he was doing. Died in Warm Springs, Georgia with his girlfriend. Unfortunately some things just don't change. My parents thought he hung the moon and saved us all. I see him as an elitist crook.[/QUOTE]
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