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<p>[QUOTE=&quot;CHARLES GINETTO, post: 25600859, member: 95564&quot;]<font size="5"><b>April 5, 1933: Executive Order 6102</b></font></p><p>On April 5, 1933, just one month after his inauguration as the 32nd President of the United States, Franklin Delano Roosevelt announced the confiscation of gold in the United States. <a href="https://goldbroker.com/bullion/buy-gold/gold-coins" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://goldbroker.com/bullion/buy-gold/gold-coins" rel="nofollow">Gold coins</a>, <a href="https://goldbroker.com/bullion/buy-gold/gold-bars" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://goldbroker.com/bullion/buy-gold/gold-bars" rel="nofollow">bullion </a>and certificates had to be surrendered between April 5 and May 5, 1933, under penalty of ten years in prison and a $10,000 fine (the annual per capita income was $8,500 in 1934). Only the jewelry, dental, art and numismatic sectors were spared. But this decree was met with great reluctance, and some estimates published by Friedman and Schwartz showed that only 20% to 25% of the gold of private individuals was actually deposited with the authorities (the equivalent of just under 95 tons of gold!).[/QUOTE]</p><p><br /></p>

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