Wednesday, March 20, 2013
APRIL 5, 1933 – PRESIDENT ROOSEVELT SIGNS EXECUTIVE ORDER CONFISCATING GOLD
1933 – PRESIDENT ROOSEVELT SIGNS EXECUTIVE ORDER CONFISCATING GOLD
President Franklin D. Roosevelt signed Executive Order 6102, ordering all citizens to turn in their private gold. The Order prohibited the “hoarding” of almost all privately held gold coins, bullion and certificates “to provide relief in the existing national emergency in banking” (i.e. the Great Depression) that was caused by the monetary policies of the mostly privately operated Federal Reserve system.
Posted by Greg Coleridge at 11:36 PM