Got Gold? Seriously, you've been warned!

[JuBru]

What argument was I making?

Not you, the article.

[saltydawg]

Not you, the article.

Yeah, it was internally inconsistent.

Nobody said this health reform thing was going to be easy.

Mebbe Palin is right and what we need are death panels.

[DogtorEvil]

Executive Order 6102

http://en.wikipedia.org/wiki/Executive_Order_6102

Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens.

The Order required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to $10,000 ($166,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. The price of gold from the treasury for international transactions was thereafter raised to $35 an ounce; this had no lasting effect on the value of the dollar, which thenceforth was determined by its value relative to other world currencies, and which had been "hyper-valued" by the severe deflation of the previous three years.

Order 6102 specifically exempted "customary use in industry, profession or art"--a provision that covered artists, jewelers, dentists, and sign makers among others. The order further permitted any person to own up to $100 in gold coins ($1,664 if adjusted for inflation as of 2008; a face value equivalent to five troy ounces of Gold valued at $4800 as of 2009).