History of Gold

History of Gold – Why Collectible Coins Vs. Bullion

PRESIDENTIAL EXECUTIVE ORDER…..Confiscate Gold (Except Gold Collectable Coins)

The Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled

An Act to provide relief in the existing national emergency in banking, and for other purposes~’,

in which amendatory Act Congress declared that a serious emergency exists,

I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:

Section 1. For the purpose of this regulation, the term ‘hoarding” means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term “person” means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.

(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.

(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.

(d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.


 History of Gold

Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.

Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.

Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.

Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.

Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.

Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.

Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

This order and these regulations may be modified or revoked at any time.
/s/
Franklin D. Roosevelt
President of the United States of America
April 5, 1933

This is what happened in the 1970′s, history reapting itself.
http://www.youtube.com/watch?v=g6vzDDo6J1Y


 History of Gold

  • Johnuo

    One of my friends already told me about this place and I do not regret that I found this article.

  • AbnofeAbonna

    Bravo, is simply magnificent idea

  • http://www.baby-traumblog.de kindersportwagen

    In searching for sites related to web hosting and specifically comparison hosting linux plan web,
    your site came up.
    You are a very smart person!

  • http://www.webdesigner-essen.de webdesigner

    Super-Duper site! I am loving it!! Will come back again – taking you feeds also, Thanks.
    Hello. Great job. I did not expect this on a Wednesday. This is a great story. Thanks!

  • http://www.webdesigner-essen.de web designer

    Hi, i just thought i’d post and let you know your blogs layout is really messed up on the K-Melonbrowser. Anyhow keep up the good work.

  • http://www.mustangsbc.org/forum/viewtopic.php?f=5&t=28487 elementy kute

    Thank you for useful information. Waiting for new posts.

  • http://bingo-celebrities.com robbie williams bingo

    Hello: do you provide any kind of advertising space on this blog. I am searching for banner advertising opportunities for my blog linked above / I am extremely open to talking about making an arrangement if you can email us a ad info kit or any sort of details on what you offer in this regard to winslett2233@hotmail.com Best Regards – Sabine Haik

  • http://www.groetenuitleiden.nl/index.php/member/8227 Logan Ranney

    Very fine write-up. I actually really came across any blog page and additionally needed to make sure you tell you which usually I’ve quite loved browsing any weblog and additionally reports. Anyhow I’ll come to be checking any satisfy and additionally Document wish to make sure you examine any weblog once again.

  • http://dayearns.com/mutualfunds.html mutual funds

    I like Your Article about History of Gold Surviving Global Recession Perfect just what I was searching for! .

  • http://www.pokertirol.at/forum1/profile.php?mode=viewprofile&u=462771 buy feather extensions

    I do like the manner in which you have presented this specific challenge plus it does give me personally a lot of fodder for thought. Nonetheless, coming from what precisely I have experienced, I just simply trust as the responses stack on that people stay on point and in no way start upon a tirade involving some other news of the day. Yet, thank you for this excellent piece and though I can not agree with it in totality, I respect the viewpoint.

  • http://www.liveinternet.ro/muzicahouse-1.php online radio

    Hey (author), thanks for bringing freshness in this topic. I have read a lot of articles but nothing with the recent updates about this topic. Your article came as a great help.

  • http://seriale.catalogger.eu seriale online

    Thanks for Sharing. I like it blog and yours articles ! I’m gonna share it on tweeter :)

  • http://www.scape-xp.com/runescape-calculators/ runescape fishing

    Appreciate it for the excellent writeup. Anyway, how could we communicate?

  • http://www.blurty.com/users/samjangles/ Chris Mentor Me Reviews

    Great Post even though I don’t agree with everything you said.

  • http://www.seo-sites.com seo company

    You have an awesome blog. Bookmarking this!

  • http://www.nasze-mazury-to-cud-natury.najlepszastal.pl mazury cud natury

    Hello there, You’ve done an incredible job. I’ll definitely digg it and for my part recommend to my friends. I’m sure they’ll be benefited from this web site.

  • http://oss.lzu.edu.cn/modules/profile/userinfo.php?uid=4724 barcelona soccer

    An fascinating dialogue is price comment. I think that it’s best to write more on this subject, it may not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  • http://swietokrzyskie.travel/pl/artykuly/piesza_wyprawa_w_gory_swietokrzyskie góry świętokrzyskie

    Hi, i think that i saw you visited my web site so i got here to “go back the desire”.I am attempting to to find things to improve my website!I suppose its good enough to make use of some of your ideas!!

  • http://survivingglobalrecession.wordpress.com/economic-history/?& Carlton

    This really is the information I desired. Many thanks writing this publish.

  • http://pilsko.seospis.olawa.pl/4283/kolektory/ kolektory danych

    Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! However, how can we communicate?

  • http://www.kuferbaar.com.pl/35575/terminale-mobilne/ terminale mobilne

    Wow! This can be one particular of the most beneficial blogs We have ever arrive across on this subject. Actually Magnificent. I’m also an expert in this topic therefore I can understand your effort.

  • http://www.bioedge.org/index.php/member/19 Dorothy Nozum

    Good report in addition to simple to help realize explanation. How do When i try obtaining permission to help publish element on the content around my approaching e-newsletter? Giving correct credit ratings to your account this article author in addition to hyperlink towards webpage would not become a dilemma.

  • http://www.versiononepointzero.com/index.php/member/11902 Evelynn Wassenaar

    It’s a new pity you actually don’t have a very give money switch! I’d surely give money for this superb web page! My spouse and i suppose that at this point i’ll be satisfied with book-marking along with placing your current Feed for you to our Yahoo and google bill. My spouse and i search forth for you to unique changes all of which will show this specific web log using our Zynga team:

  • http://www.ncregister.com/member/8701 Lonnie Raupach

    Terrific piece of writing and also quick to be able to fully understand story. How do My partner and i begin acquiring agreement to be able to place component with the page within my new newssheet? Offering right credit rating for your requirements the particular source and also weblink for the online site will not be described as a concern.

  • http://wyrywki.pl/manicure-krakow-2 Lyndon Grago

    Extremely good content. I basically stumbled upon a blog not to mention desired towards declare who I have seriously liked looking through a website not to mention discussions. Anyway I’ll turn out to be following a give food not to mention I just desire towards read a website yet again.

  • http://chowloopoy.xanga.com/753552786/fabulous-getaway-choice/ sanibel island resorts

    Hey, I wanted to ask you some thing. Is this site a wordpress site? I am thinking about shifting my webpage from Blogger to wordpress, you think this can be possible? Also did you design this unique template by yourself some how? Thanks a lot for your assistance!

  • Pingback: New Orleans Saints Tickets Hotspot

  • http://www.allsouls.net.au/member/3 Janyce Shideler

    It’s a good shame you don’t contain a donate press button! I’d most certainly donate to this fantastic site! That i think at this point i’ll are satisfied with bookmarking together with placing an individual’s Rss feed that will my best Msn balance. That i appearance ahead that will recent updates and definitely will promote the web site utilizing my best Facebook or twitter group:

  • http://www.pkwversicherung.com pkwversicherung

    Really great information can be found on blog .

  • http://realestatelewes.livejournal.com/625.html Real Estate Lewes Delaware

    I adore your essay character indeed enjoying this internet site. “Truth is pleasing as well as boundless no make a difference how common the origin.” by Michael Pupin.

  • http://www.willowvalleyretirement.com retirement communities pennsylvania

    very good post, i certainly love this website, keep on it

  • Pingback: Amazon Kindle

  • Ross Mclennan

    Hello there, just became alert to your blog through Google, and found that it is truly informative. I am going to watch out for brussels. I will appreciate if you continue this in future. Numerous people will be benefited from your writing. Cheers!

  • http://localmarketingforum.com/member.php?action=profile&uid=49074 Richard Halat

    This is very interesting, You are an overly skilled blogger.
    I’ve joined your rss feed and appear ahead to seeking extra of your respective excellent submit. Also, I’ve shared your web site in my social networks

  • Versicherungs und Finanzvergleiche Kostenlose und unabhängige Vergleichsrechner

    Excellent put up, very informative. I’m wondering why the opposite specialists of this sector don’t notice this. You must proceed your writing. I am sure, you’ve a huge readers’ base already!|What’s Taking place i am new to this, I stumbled upon this I have discovered It positively helpful and it has helped me out loads. I hope to give a contribution & help other customers like its helped me. Great job.

  • kolektory sloneczne

    Hi there, I found your blog via Google while searching for a comparable matter, your website got here up, it appears to be like good. I have bookmarked to my favourites|added to my bookmarks.

  • http://decidebay.blog.com/2012/08/21/best-selling-books-%E2%80%93-an-author%E2%80%99s-commercial-success/ Zara

    Thanks for the well-thought article. I’m actually at work right now! So I need to go off without reading all I’d like. However, I put your blog on my msn feed so that I can read more.