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<p>[QUOTE=&quot;C Jay, post: 1540942, member: 13184&quot;]Under the Executive Order each person was allowed to retain 10 ounces of gold.&nbsp; That&#039;s 20 between you and the wife, throw in the 4 kids and that&#039;s 60 ounces of gold, far beyond what most people have sitting on the shelves.&nbsp; The Order was targeted at the banks, which were slamming the exchange window, trading dollars for gold.&nbsp; Under the &quot;Gold Standard&quot; the government was required to have a 40% gold reserves for each dollar, this required the government to shread $2.50 in dollars for every dollar worth of gold it let out.&nbsp; This is the last thing you want during a depression, hence, QE 1932, FDR style.[/QUOTE]</p><p><br /></p>

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