Yes, they said if the gold wasn't turned in it would be confiscated.
They lied. Many still turned their gold in.
They did not go around taking gold from people's houses. They just shut down the gold market.
Like now they mandated the shots. Only they never really mandated them. It was all smoke and mirrors.
Gold was not confiscated during the great depression. They may it impossible to trade gold. That was all they were trying to do.
Some stupid people turned in their gold. Other stupid people talked about how much gold they had.
According to my great grandmother, they were told to turn in their gold or expect it to be confiscated.
Since I wasn't there, I have to go on her story.
She kept a $20 gold coin minted in 1882 as a memento and she passed it on to me.
Yes, they said if the gold wasn't turned in it would be confiscated. They lied. Many still turned their gold in. They did not go around taking gold from people's houses. They just shut down the gold market.
Like now they mandated the shots. Only they never really mandated them. It was all smoke and mirrors.
People who didn't know any better turned in their gold. Smart people kept it. There was no way for the government to know who had gold.