Executive Order 6102(redirected from US Gold confiscation)
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.