The desire of gold is not for gold. It is for the means of freedom and benefit. ― Ralph Waldo Emerson Executive Order 6102, signed by US President Franklin D. Roosevelt on April 5, 1933, was a pivotal measure during the Great Depression to stabilize the US economy. The order mandated that all individuals and entities possessing significant amounts of gold coins, gold bullion, or gold certificates were required to deliver them to the Federal Reserve in exchange for US dollars. This effectively prohibited the private ownership of gold and sought to centralize gold reserves to combat deflation and stimulate economic recovery.
Shadows Inside
Shadows Inside
Shadows Inside
The desire of gold is not for gold. It is for the means of freedom and benefit. ― Ralph Waldo Emerson Executive Order 6102, signed by US President Franklin D. Roosevelt on April 5, 1933, was a pivotal measure during the Great Depression to stabilize the US economy. The order mandated that all individuals and entities possessing significant amounts of gold coins, gold bullion, or gold certificates were required to deliver them to the Federal Reserve in exchange for US dollars. This effectively prohibited the private ownership of gold and sought to centralize gold reserves to combat deflation and stimulate economic recovery.