Executive Order 6102


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Executive Order 6102

A 1933 executive order by U.S. President Franklin D. Roosevelt forbidding persons and corporations in the United States from owning more than a token amount of gold. All gold over the legal limit was required to be sold to the federal government at a price of $20.67 per ounce. The order was made moot a year later with the passage of the Gold Reserve Act of 1934.
References in periodicals archive ?
Financial commentator Bill Tatro recalls that FDR, via Executive Order 6102, "confiscated all gold and gold certificates, exchanging them for paper.
On April 5th, 1933 President Franklin Delano Roosevelt issued executive order 6102 which required all US citizens to deliver their gold (exceeding $100 in value) to a federal reserve bank.
The great gold robbery had been effected by Roosevelt's Executive Order 6102, of April 5, 1933, which, invoking the ongoing "national emergency," declared: "All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof .
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