Reply To: QE3 and gold confiscation

#17155

When Rooselvelt confiscated gold it was done because at the time gold was money-it was in some of the coins of the US. Also at the time the us owned the vast percentage of the gold in the world
It would seem impractible in today’s global market to confiscate gold of us citizens and would be of no real impact as there are tons of gold outside the us.