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In an attempt to address the causes and effects of the Great Depression, Executive Order 6102 was signed on April 5, 1933 by U.S. President Franklin D. Roosevelt. It prohibited the "hoarding" of privately held gold coins and bullion in the United States. The Order was given under the auspices of the Trading with the Enemy Act of 1917, as recently amended. The government required holders of significant quantities of gold to sell their gold at the prevailing price of $20.67 per ounce.
The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93-373   which went into effect December 31, 1974. P.L. 93-373 does not repeal the Gold Clause Resolution of 1933, which makes unlawful any contracts which specify payment in a fixed amount of money or a fixed amount of gold. That is, contracts are unenforceable if they use gold monetarily rather than as a commodity of trade.
Originally posted by geocom
If you live in the U.S. it is illegal to own (stockpile gold) GEO
Originally posted by apc
I have 15% in gold bullion (American Gold Eagles) on-hand and that's the max I would recommend converting. If the Dollar collapses you want some real money around, but the Dollar will recover in one form or another making your stacks of paper worth something again.
Originally posted by HighDefinitionFilms
Don't Hate Rats:
The avatar is my wife-
she is Indian, while Selma is Mexican I think,
but I see the resemblence.