In 1933, the United States government not only removed US gold coins from circulation, it confiscated privately-owned gold. Since then, the US dollar has depreciated approximately 95%. This means that $100 in 1933 is equal to five dollars today. Before the government confiscation of gold, you...
By the end of 1931, the Depression (with a capital D) was global. FDR took the U.S. off the Gold Standard in April 1933, confiscated the gold of U.S. citizens, and devalued the dollar. By this, workers, savers, and taxpayers got a raw deal. They always do....
Once I invested in Bitcoin, I quickly learned more and more about it, and I went fully down the crypto rabbit hole. It all seemed easy enough to pick up. Bitcoin was “digital gold” to be used as a store of value. All the rest were “altcoins.” Ethereum was “digital oil” to...
Successful plaintiffs have includedthe ex-wife of a billionaireconnected to Russia’s largest private bank, former oil andbanking officialsand theSerbian model and pop starAleksandra Melnichenko. Her husband, Andrey Melnichenko, whosesuperyacht was confiscated by Italy, recently refiled in court to ...
Daily Record (Glasgow, Scotland)
Prior to 1933, the United States was on the gold standard, which meant that currency was backed by gold. During the Great Depression, people began hoarding gold, which led to a decrease in the gold supply. To stabilize the economy, President Franklin Roosevelt con...
This is an issue that worry some gold investors. While there had been instances in history wherein the government confiscated gold in private safety deposit boxes, this is something that is highly unlikely to happen in modern times. First, this happened during a time when deflation was the maj...
which was seldom done and considered disrespectful to the dictator. Their father, Enrique, was imprisoned and family property was confiscated. Minerva graduated with highest honors as one of the first women in the country to receive a law degree. But she was denied state authorization to practice...
Modern day boxers, thankfully, do not have to worry about being hit in the face with metal studs but the sport is still dangerous. Some say that the danger is worth it, as many boxers go on to become celebrities both in and out of the ring. Muhammad Ali was not only the first ...
Examples of the "universal" demand/perceived value of gold include the British use ofgold sovereignsfor pilots shot down behind enemy lines to bribe civilians for assistance. This practice goes back as far as World War II; see, for example,Two Gold Coins and a Prayer: The Epic Journey of ...