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We are refering to USA citizens residing in the USA and in good standing with the U.S. court system during the time of the early thirtys. You see all these ads for gold for sale to prepare for hard times but what is to prevent this from happening again. People that had "hoarded" (saved) gold were called "traders with the enemy" by the U.S. government at that time. Also, they were threatened by the government to have their names publicly printed as such as an additional incentive to relenquish any gold holdings.

2006-09-25 08:36:10 · 1 answers · asked by vonhakemarine 1 in Business & Finance Investing

1 answers

If they brought their gold in, they were fairly compensated. If they were tracked down and prosecuted, the gold was confiscated.

2006-09-25 16:00:43 · answer #1 · answered by dredude52 6 · 0 0

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