Would you turn in your Gold to the government if the decided to confiscate it, like in 1933?

Question

Also suppose i decided not to turn it in, would there be an underground market for it?

What if i sent it to a family member in another country. Would i be able to profit from it there?

Answer 1

No my grandfather did because he thought he was doing his part but in the long run he would have made more and helped the economy because it would have had more value.  Govt is cracking down on profits made in other country's and banks so be careful with that.  

Answer 2

What possible reason would you have for withholding it?  The government never confiscated ANYTHING when the private holding of gold was banned.  The gold was redeemed for cash by the government.

Answer 3

Gold is always valuable.

Answer 4

As to your question,

No, I would keep it, it is mine! I'd bury it in the yard if I thought they were going to take it.

Maybe an underground market or black market for it but it's value is only what someone is willing to pay.

They may or may not, depends on the situtation.

Answer 5

No way!!!  They tried it with liquor too and where did it get them.

Answer 6

i heard about that...hmmm

Answer 7

no way ... all my gold is sentimental and you can't put a value on that.

Answer 8

I wouldnt. Besides how would they know I even have the stuff. I could easily hide it somewhere or simply say it was lost or stolen. It would be a very futile and dumb effort trying to do that stuff.

If anyhtng they would target the wealthy and rich for such things,,,,I guess thats one of the good things about being poor.

Answer 9

no way

Answer 10

No way....the government screws up royally as it is.  As a matter of fact, I'd like to figure out a way to make supplemental money to hide from them!!!!!!!....and I will !!!

Answer 11

I don't think I would turn it in....I'd probably put it in a very safe place until I could get it out again.

Answer 12

NOPE LOL

Answer 13

depends on what they need the gold for if it is just for profit then I would bury,

Answer 14

NO way s***w the gov.

Answer 15

i heard about that back in the day, what did they do come and check everyones houses for gold, that's some bullshit to take whats your's    I WOULDN'T GIVE THEM NO GOLD

Answer 16

can't happen again.

FDR confiscated gold COINS as part of taking america off of the gold standard.

since we're already off the gold standard, it can't happen again.

Answer 17

Did they take peoples wedding rings and dental crowns?

Answer 18

If I thought it would help the country, I would probably turn it in.  As far as I know, the govt did not confiscate the gold, but citizens turned it in.  The govt doesn't have lists of citizens who have gold, so I don't know how they would confiscate it.  Leave it in your safety deposit box, or in your home & what is the government going to do about it???

Sure there will be a market for your gold.  And sure you could profit by sending it out of the country.  Tho I am somewhat amused by your trying to make a buck when the government is confiscating gold.  

If they are doing this, the country is in desperate straits, and making  few bucks on selling gold will be the least of your worries.