The Government is after your GOLD now!? When is this going to stop!

reply to post by Wrabbit2000

there have been too many instances of abused word contexts for me to assume that any bill hasn't been crafted in such a way as to make it exploitable. the continued use of "in the business" without defining what is meant by that seems sketchy to me.

it is something to watch out for. one side will argue that it means one must own a business that focuses on buying and selling gold, and the other side will argue that the phrase is a figure of speech, not a literal business.

There has never been a forced confiscation, except for when the gold coin was phased out and the country wanted its gold buillion back. At the time you got the worth of the gold bullion in Dollars and were free to buy gold that wasnt legal tender with it. Whom did that, did their heirs a huge service.

reply to post by Merinda

Not long after FDR recalled the Gold at $20.66/oz they revalued it at $35/oz.....