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US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933) Options
Daemon
Posted: Wednesday, April 05, 2017 12:00:00 AM
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US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)

Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order? More...
Rob Marsh
Posted: Wednesday, April 05, 2017 8:02:12 AM

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This type of action seems almost unthinkable today.
Gary98
Posted: Wednesday, April 05, 2017 9:24:46 AM

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Thief in the form of government robs people through inflation.
coag
Posted: Wednesday, April 05, 2017 2:37:03 PM

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If people in a socialist or communist country were robbed in a similar way, that wouldn't be unusual. It's disappointing to learn that something like this happened in the US.

It's a good warning and life lesson.
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