Gold Confiscation Executive Order

Below is Executive Order 6102. Issued on April 5, 1933, it criminalized the ownership of “gold coin, gold bullion, and gold certificates.” Following the gold confiscation in 1933, the Gold Reserve Act was signed into law on January 30, 1934. Among other things, this act enabled the value of one troy ounce of gold to be raised from $20.67 to $35.

It was not until President Gerald Ford signed a bill on December 31, 1974 that private ownership of gold was legalized again.