How Likely Is It that Uncle Sam Will Confiscate Americans' Gold.

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(Edited)

#steemleo #dtube

London, Wednesday, January 6th, 2020

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4 comments
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I had no idea you could buy a copper bar , very nice. As an electrician I do keep bits of scrap for a rainy day. Thanks mike

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USgov isn't going to be seizing any gold. There's not enough of it in the economy to matter.

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(Edited)

There is always enough gold as it is money. It's only a matter of allowing the Federal Reserve Note to drop to its true value versus gold and that is very near zero of course. What I would say to you is the following: "Are the "foot" and the "meter" too short of a measure to measure the height of the Empire State building? Of course not just like an "ounce of gold" is a very adequate measure of value.

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Thanks again, for another good class, Maneco64. Imagine, Granddad, exchanging his $20 US Gold coin for twenty US Silver Dollars. With the current Gold/Silver ratio of today, it would be around 80 or so Silver Dollars to get back the same $20 Gold Coin.

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