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<p>[QUOTE="desertgem, post: 588878, member: 15199"]It will be interesting to see if the US will enact another Gold Reserve Act as was done in the early 30s if they feel the value of the dollar is being affected deleteriously by gold possession and trade by individuals. If this was done in conjunction with other countries, gold ( except for jewelry and collectors coins) could be taken by the treasury as was done in 1934. I am sure that any US gold post 1933 would be considered NON-collectible. I know this will raise a fuss with all of those who bought gold coins from the mint. Isn't it nice the mint has the mailing addresses for all of those coins. Hopefully this wouldn't happen, but I can't see this government allowing the price of gold ( in US dollars ) to become too skewed. Silver would seem to be a more secure option. If things are not improved by mid 2010, there might be a good reason that Smith and Wesson is such a hot stock currently. Better get them from the gun shows.:kewl:</p><p><br /></p><p>Sadly,</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 588878, member: 15199"]It will be interesting to see if the US will enact another Gold Reserve Act as was done in the early 30s if they feel the value of the dollar is being affected deleteriously by gold possession and trade by individuals. If this was done in conjunction with other countries, gold ( except for jewelry and collectors coins) could be taken by the treasury as was done in 1934. I am sure that any US gold post 1933 would be considered NON-collectible. I know this will raise a fuss with all of those who bought gold coins from the mint. Isn't it nice the mint has the mailing addresses for all of those coins. Hopefully this wouldn't happen, but I can't see this government allowing the price of gold ( in US dollars ) to become too skewed. Silver would seem to be a more secure option. If things are not improved by mid 2010, there might be a good reason that Smith and Wesson is such a hot stock currently. Better get them from the gun shows.:kewl: Sadly, Jim[/QUOTE]
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