930 Forums
=> GENERAL DISCUSSION => Topic started by: walkonby on November 20, 2007, 02:11:00 pm
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since this is dc, i thought someone here might know this. this woman in my office and i are arguing this, so i have to know the truth. she says that in times of "economic crisis" the government has the right to reclaim people's personal gold. could that be right, or is she a lunatic.
and yes vansmack, i am an asshole. thank you.
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Technically, she is not a lunatic. If the United States were to go back to the gold standard (i.e., keep enough gold in reserve to back up our paper currency) then it is possible that the government could seek to build the reserves through confiscation. It happened once before - http://en.wikipedia.org/wiki/Executive_Order_6102 (http://en.wikipedia.org/wiki/Executive_Order_6102)
However, the chances of it happening again are pretty slim. So while your co-worker isn't a lunatic, she probably has a lot of guns at home.
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thank you. god i love charles nelson reilly.
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This is actually a valid concern. If you have really old coins made of gold, they cannot claim those if they're before a certain year (I forget). Alot of these "end of the world, money will be useless people" buy old gold coins and stockpile.
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you want to talk about the end of the world? here it is:
<img src="http://fye-content.vcommerce.com/products/fullsize/207/23140207.jpg" alt=" - " />
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Originally posted by walkonby:
and yes vansmack, i am an asshole. thank you.
Not sure of the correlation to this thread - it's a valid question. You're only an asshole when you defend ticketmaster.
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Originally posted by walkonby:
you want to talk about the end of the world? here it is:
;)
<img src="http://www.cartoonstock.com/lowres/rjo0035l.jpg" alt=" - " />