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<p>[QUOTE="kaparthy, post: 3072178, member: 57463"]<i>Confiscation: Gold as Contraband 1933-1974 </i>by Kenneth R. Ferguson was a pleasure to read. Ferguson writes well. I met Ken Ferguson in person at a coin show here in Austin. He speaks as intelligently as he writes. Our time together was enlightening. </p><p><br /></p><p>Few people ever get past citing Executive Order 6102. Even when they do point to that document, they most often stop short of fully citing and discussing it. This book delivers the facts. Ferguson tells the whole story, going past 6102 to the subsequent orders and laws. He lays out carefully and logically the many relevant details that highlight this singular event. He also examines the public response. I was impressed with his explanations of how and why Britain, France, and Switzerland returned to striking gold coins after World War II, using dies from previous years. </p><p><br /></p><p>This book carefully explains the intentions and consequences of the rolling orders and laws that refined the monetary policy of the American government in the 1930s. On the first level, obviously, the goal was to get gold into the U.S. Treasury in order to meet foreign obligations. </p><p>[ATTACH]772113[/ATTACH] </p><p>In 180 pages, this book provides a close and yet conversational examination of Franklin D. Roosevelt’s executive orders and the related Congressional acts that became laws. Ferguson identifies and explains the half dozen presidential orders and parallel banking acts, the criminalization of gold ownership, and the exclusions left open to numismatists. Turning to the international theater, the presentation builds on the official purposes of the Bretton Woods accords to illuminate the history of the 1950s and 1960s. It was that context which provided the impetus for President Gerald Ford to lift all of those restrictions in 1974.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 3072178, member: 57463"][I]Confiscation: Gold as Contraband 1933-1974 [/I]by Kenneth R. Ferguson was a pleasure to read. Ferguson writes well. I met Ken Ferguson in person at a coin show here in Austin. He speaks as intelligently as he writes. Our time together was enlightening. Few people ever get past citing Executive Order 6102. Even when they do point to that document, they most often stop short of fully citing and discussing it. This book delivers the facts. Ferguson tells the whole story, going past 6102 to the subsequent orders and laws. He lays out carefully and logically the many relevant details that highlight this singular event. He also examines the public response. I was impressed with his explanations of how and why Britain, France, and Switzerland returned to striking gold coins after World War II, using dies from previous years. This book carefully explains the intentions and consequences of the rolling orders and laws that refined the monetary policy of the American government in the 1930s. On the first level, obviously, the goal was to get gold into the U.S. Treasury in order to meet foreign obligations. [ATTACH]772113[/ATTACH] In 180 pages, this book provides a close and yet conversational examination of Franklin D. Roosevelt’s executive orders and the related Congressional acts that became laws. Ferguson identifies and explains the half dozen presidential orders and parallel banking acts, the criminalization of gold ownership, and the exclusions left open to numismatists. Turning to the international theater, the presentation builds on the official purposes of the Bretton Woods accords to illuminate the history of the 1950s and 1960s. It was that context which provided the impetus for President Gerald Ford to lift all of those restrictions in 1974.[/QUOTE]
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