True and they could always try again but in 1933 gold was legal tender so everyone had some. That made a large pool for the government to tap. Today physical gold is only held by a very small minority of people so there isn't a large personal pool to tap.
When the corrupt system crashes it won't be worth their time to try to get people to turn in their gold. They would more likely seize the large amounts held in the ETF's like GLD. There is already a plan to seize IRA's and that would be a very large amount and easy to get. Also, in 1933 it wasn't like the government just stole anyone's gold; they did pay for it. Of course they immediately set the price higher by about 30% after they had they hands on it! Many people didn't turn in their gold and nobody was ever sent to jail for holding gold. But I do expect things to get so bad that the government will try all sorts of desperate measures. Just look at the insanity of the last year and a half!
True and they could always try again but in 1933 gold was legal tender so everyone had some. That made a large pool for the government to tap. Today physical gold is only held by a very small minority of people so there isn't a large personal pool to tap.
When the corrupt system crashes it won't be worth their time to try to get people to turn in their gold. They would more likely seize the large amounts held in the ETF's like GLD. There is already a plan to seize IRA's and that would be a very large amount and easy to get. Also, in 1933 it wasn't like the government just stole anyone's gold; they did pay for it. Of course they immediately set the price higher by about 30% after they had they hands on it! Many people didn't turn in their gold and nobody was ever sent to jail for holding gold. But I do expect things to get so bad that the government will try all sorts of desperate measures. Just look at the insanity of the last year and a half!