Can the Government Confiscate Your Gold? by Jim Brown | Capitalism Magazine
Can the Government Confiscate Your Gold? by Jim Brown | Capital…
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Why Numismatics Cannot be Confiscated . In 1933 FDR announced the confiscation of gold via Executive Order 6102, which clashed with the 5th Amendment’s Eminent Domain Clause. . The clause was designed to protect the common man from having items confiscated, without being correctly remunerated. As a result, the government paid $20.67 per/oz for gold bullion to be returned to the commercial banks, however numismatics were outside the scope of what the government was prepared to pay. . With this in
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