walkonby
Joined: Unknown
Posts: 0
sorry, another non-musical thread
November 20, 2007 at 06:11 PM UTC
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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.
ggw
Joined: December 16, 2001 at 06:01 AM UTC
Posts: 14237
Re: sorry, another non-musical thread
November 20, 2007 at 06:20 PM UTC
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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 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.
walkonby
Joined: Unknown
Posts: 0
Re: sorry, another non-musical thread
November 20, 2007 at 06:27 PM UTC
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thank you. god i love charles nelson reilly.
elj
Joined: October 09, 2003 at 05:01 AM UTC
Posts: 5970
Re: sorry, another non-musical thread
November 20, 2007 at 06:32 PM UTC
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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.
vansmack
Joined: October 04, 2001 at 05:01 AM UTC
Posts: 19725
Re: sorry, another non-musical thread
November 21, 2007 at 03:54 PM UTC
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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.
lwoxley
Joined: October 06, 2004 at 05:01 AM UTC
Posts: 4792
Re: sorry, another non-musical thread
November 21, 2007 at 07:42 PM UTC
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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=" - " />