Sunday, April 19, 2020

Gold confiscation . . . . . revisited

With gold reaching all-time highs, and yellow metal euphoria looking for it to break the $2,000 ounce barrier, because of world travail soon to cause serious inflation, it occurred to me to revisit the seminal article on confiscation I wrote in Brooklyn Law Review's Winter 1973 issue. Entitled "How Americans Lost Their Right To Own Gold...And Became Criminals In The Process," the lengthy article reminds us how easy it is for government in the name of a "National Emergency" to deprive us of the power to protect ourselves from the fiat "money" being pumped into our economy in a perhaps fatal attempt to survive the financial impact of COVID-19.

The article was last published in its entirety on Tuesday, December 1, 2009.

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