[Note: Ninth Circuit, of Southern California]
The precedent established in Pike and Brouwer remains the law of the land at least in the Ninth Circuit at the present time. No other court of comparable jurisdiction has ruled otherwise on the validity of the criminal sanctions against Americans who own gold. As things stand now, an American who owns gold is courting a felony conviction. Moreover, under the Gold Reserve Act, all the gold he owns is subject to forfeit while he, himself, is subject to a penalty double in amount to the value of the gold.
The above is from How Americans Lost Their Right To Own Gold And Became Criminals in the Process
Henry Mark Holzer
He of course practiced constitutional and appellate law, used to teach constitutional law and appellate advocacy at Brooklyn Law School, wrote books and articles, and knew and worked with Ayn Rand (as her lawyer).
Here's his blog (I discovered thanks to Grames linking to it in another thread).
I have no opinion on the subject beyond what I read in the article, so I expect others to enlighten me and recommend further reading. (preferably nice short links rather than books-I'm not really ready to delve into constitutional and precedence law on a book scale)
Edited by Jake_Ellison, 04 March 2009 - 05:49 PM.