M
miser
Guest
Re: It's time to turn your metal detecting hobby in a profitable career
Well, that it's exactly we don't know if will happen again or not. In 1933 we didn't own a 13 trillion dollar in debt, so, it's possible today Fed can size all gold, including jewelry.
Arch
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Yes, that is true. I was merely pointing out that the action by Roosevelt you described left gold jewelry alone. There is no telling what could happen in the future. They certainly aren't bound by what Roosevelt did.
The only scenario where I could see that happening again is if people starting abandoning the use of government fiat currency and started doing transactions in gold and silver. Unlikely, but not impossible.
Well, that it's exactly we don't know if will happen again or not. In 1933 we didn't own a 13 trillion dollar in debt, so, it's possible today Fed can size all gold, including jewelry.
Arch
[/quote]
Yes, that is true. I was merely pointing out that the action by Roosevelt you described left gold jewelry alone. There is no telling what could happen in the future. They certainly aren't bound by what Roosevelt did.
The only scenario where I could see that happening again is if people starting abandoning the use of government fiat currency and started doing transactions in gold and silver. Unlikely, but not impossible.