Mr Pig,
If America defaults because they won’t raise the debt ceiling as some are saying, do you think Biden will write an executive order and just seize all the Gold and Silver that all the boomers are hording?
I mean historically speaking, this has happened before..
https://en.m.wikipedia.org/wiki/Executive_Order_6102
The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsened the depression.[2][3]
On April 6, 1933, The New York Times wrote, under the headline Hoarding of Gold, "The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he issued Presidential Proclamation 2039 that forbade the hoarding 'of gold or silver coin or bullion or currency', under penalty of $10,000 and/or up to five to ten years imprisonment."[4]
The main rationale behind the order was actually to remove the constraint on the Federal Reserve preventing it from increasing the money supply during the depression. The Federal Reserve Act (1913) required 40% gold backing of Federal Reserve Notes that were issued. By the late 1920s, the Federal Reserve had almost reached the limit of allowable credit, in the form of Federal Reserve demand notes, which could be backed by the gold in its possession (see Great Depression).
https://en.m.wikipedia.org/wiki/Executive_Order_6102