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Battle Bank: Could U.S. confiscate gold again? A sober look at a persistent fear
8:42a ET Saturday, August 15, 2026
Dear Friend of GATA and Gold:
Battle Bank in Islandia, N.Y., whose board of directors includes mining entrepreneur Rick Rule, has published an excellent history of gold confiscation by government through the centuries, along with a similarly excellent analysis of why a confiscation like the one attempted by the U.S. government in 1933 is not likely.
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GATA has addressed this issue from time to time, starting with our long correspondence with the U.S. Treasury Department 20 years ago, and continuing with commentaries by Alasdair Macleod, Mike Maharrey, and Jeff Thomas:
https://www.gata.org/taxonomy/term/22
The main point of these commentaries is that the cause for confiscation in 1933 -- the U.S. dollar's statutory connection to the government's gold reserves -- no longer exists. Back then, by law, the government could issue currency only in a strict ratio to its gold reserves and could issue more only if it held more gold.
Today, with the U.S. gold reserve severed from money creation, we live in the age of infinite money and nearly infinite government power and corruption, with gold standing in the wings as the once and, we may hope, future protector of individual liberty.
Battle Bank's excellent history and legal analysis are contained in an essay headlined "Could Washington Confiscate Your Gold Again? A Sober Look at a Persistent Fear" and it can be found at the bank's internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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