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Did you know. . .

derrybderryb Posts: 38,602 ✭✭✭✭✭
edited January 19, 2025 12:53PM in Precious Metals

. . . That Roosevelt also confiscated all silver in the US?

Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    RedneckHBRedneckHB Posts: 20,224 ✭✭✭✭✭

    Apparently an ineffective order it was.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    dcarrdcarr Posts: 10,193 ✭✭✭✭✭

    The silver "confiscation" did not extend to existing coins or utilitarian silver objects. It was only for silver bullion bars.

    An onerous "Silver Tax" was also implemented. Any entity making a profit by trading silver bullion (including futures) was required to remit 50% of their profit to the US Treasury.

    I wrote about it here:
    moonlightmint.com/bailout.htm

    .

    Moonlight Mint
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