Post
Topic
Board Bitcoin Discussion
Re: If you have some BTCs, why not have some Gold?
by
stompix
on 08/09/2017, 07:22:41 UTC
Well, the reason why I do not hold any gold is very easy.... "Executive Order 6102" ---  Executive Order 6102 is a
United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the
Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The effect of the order..
*Why would you want to hoard Gold if the government can simply issue a executive order to confiscate it?

The government can also issue an executive order to confiscate all Bitcoins, if they choose to do so.

Would you give your Bitcoins? Probably not. Would you give your gold? Only if you choose to do so.
Not everyone gave up their gold in 1933, even though owning gold was illegal.

Would you give up your bitcoins if by law you will face capital punishment for this?
It all depends on the punishment you're facing.
Besides, you were allowed to own 5 or 6 oz so a lot used this to hide a few oz in the family so eventually you could own almost a kilo of gold legally.

Also I don't think there are that many people who don't have even a bit of gold.
Golden rings are a custom for marriage in a lot of places.

But gold bars... I don't know a single person in RL who owns or has told others (big difference) he owns gold bars.