View Single Post
  #20  
Old 02-10-2005, 11:07 AM
Whack-a-Mole Whack-a-Mole is online now
Member
 
Join Date: Apr 2000
Location: Chicago, IL USA
Posts: 19,366
The OP was on about getting obtaining a gold brick but I think in the United States that is illegal.

Certainly some gold may be owned by individuals today (jewelry, coins, etc.) but full blown gold ingots I am not so sure.

I know FDR issued an executive order to confiscate gold from Americans back in the Depression. The people gold was taken from got paper money for it but price of gold was then raised effectively devaluing the dollar thus robbing the people who had owned gold of money.

I thought this was repealed back int he 70's but I am unsure if it was repealed in its entirety or just modified. Anyone know?

That said you can certainly buy and sell gold on the markets but as someone else mentioned you never actually get the gold in hand...it is all a paper transaction. I'm pretty sure you can't toddle down to Ft. Knox and demand the gold bar you bought.