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To: philv who wrote (167030)	6/27/2009 2:18:02 PM
From: maxncompany	Respond to of 313017

Yep. The gold was confiscated first. Only then did FDR raise the price of gold. As for a bank holiday now.........I could see them doing so to put the banks' books in order, as most of them are still insolvent (referring to the big Wall Street firms) if their holdings were valued at actual market value. But I'm not sure the bank holiday's purpose would be to devalue the dollar. Under what mechanism would they accomplish that? The market itself might do so in response to the bank holiday, but we'll see.