how the feds treated 'gold hoarders' in 1933 , page-2

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    18 Posts.

    Interesting? Would they do it again?


    In Australia part IV of the Banking act 1959 allows the government to seize private citizens' gold in return for paper money where the Governor-General "is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth.[13]" As of January 30 1976, this part's operation is "suspended". [14]

 
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