[Nickel]

$this->bbcode_second_pass_quote('deMolay', 'S')ince none of us answered the question. I looked it up

[deMolay]

Yah, I guess. But anyways if you read the link, we were all a bit wrong on our assumptions. I never realized that for example the USA had a dual system, using both silver and gold, and then gold. etc. Kinda interesting. They say Gold never really changes in value, just the goods that you purchase. For example 1 oz of gold 100 years ago would buy a quality man's suit. It will still do the same today at $700. Now then what if the USA pulls an FDR move and revalues the fiat dollar by repegging at $1=$250 or some other such value. This is what he did in 1934. Possible or no?

[deMolay]

Consider a historical precedent at a previous dire time - the Great Depression. In April 1933, Roosevelt issued Executive Order (EO) 6102 that stated:

....a "national emergency still continues to exist (and) by virtue of the authority vested in me....(I) do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations...."

The EO required the delivery on or before May 1, 1933 "to a Federal Reserve Bank or a branch or agency thereof" all such holdings other than amounts used in industry, profession or art and other listed exceptions. Failure to comply carried a fine up to $10,000 (adjusted for inflation today would be 16 times or more that amount), up to 10 years in prison or both. This EO is called the Gold Confiscation (act) of 1933. It's price at the time was $20.67 an ounce. Shortly thereafter, it was raised to $35 an ounce for an effective US dollar 41% devaluation.

[vision-master]

Do you have a pint of Gold?