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3 gold confiscation lessons from the 20th Century

Posted on 10 December 2012

The United States “confiscation” of 1933 is well-known (in fact a compulsory purchase, made at the then-price of $28 per ounce before the price was raised to $35.) But with gold still central to the monetary system, many governments were looking to acquire more. With a smile, of course.
December 1935 saw popular Fascist dictator Benito Mussolini appeal to the patriotism of Italy’s wives, urging them to swap their gold wedding bands for steel rings instead. Yes, really. ……………………………………….Full Article: Source

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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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