reply to post by AllUrChips
hahaha i was more or less getting at that without directly pointing it out.
I mean at the end of the day, the population is increasing at incredible rates.
The 1930 US census determined the population to be at 122 million people (40% under 20 years of age)
The current population of the united states is at 307,006,550 (google).
With the constant growth of population areas, people buying bigger houses, etc. I couldn't imagine the US government being able to thoroughly check 3
times as many households.
In 1940, the amount of households was at 35 million
It stood at 115 million in 2010
Not only this, but the labour involved would probably cost more than the gold retrieved, and given your current debt, i just don't see it ever
happening. I believe it would be like using your hands to take your feet out of quicksand.
The current holdings (as of december, 2011) for the united states is at 8,133.5 tonnes, or 74% of the world's mined gold.
As of 2009, the amount of gold held by the gold exchange-traded funds (worldwide) for private trading is near 2000 tonnes.
500 tonnes of gold were sold to the US treasury at $20.67 per ounce during the 1933 depression
I'm finding it difficult to quickly grab statistics of confiscated gold during the depression, in comparison to the quantity of privately owned gold
within the united states in 2011 to even hypothesise the plausability of a 2011 gold confiscation in the united states - but even in a city like mine
(one of the world's smallest in population), i still couldn't fathom the government's hypothetical ability to efficiently search every household for
it's gold contents in 2011/12 (note the word efficiently).
I'm not quite sure how people thought during the 1930's, but i could only assume that given the current civil unrest in the united states, your
citizens won't just give the gold back without a fight.
TLDR: A modern confiscation of privately owned gold under any quantity deemed to be "hoarding" would simply make things worse for the US
Feel free to counter this information. I mean, i've only really been around for 21 years, so all my information goes off research rather than personal
edit on 27-12-2011 by xxdaniel21 because: adding statistics.