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. 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. Franklin D. Roosevelt President of the United States of America April 5, 1933
No Gold In Fort Knox!: In Case You Thought We Had Gold Reserves Is this common knowledge? I just asked the question and here is the answer as well as another source. Is this a joke or the truth? We are up the creek if we have no gold reserves. Alternative hard currencies cannot be minted out of thin air! We need hard assets to mint a hard currency. I need some answers from our PM gurus on the DP about this. True or False? How much gold is in Fort Knox? Answer: There is no gold at Fort Knox. When Ronald Regan was President he assigned a committee called the "Gold Committee" to investigate this matter. The results was
staggering. There is no gold at Fort Knox. It is being held by the Federal Reserve Bank (which is privately owned by international bankers) as collateral for America's debt. This explains why there has been no audits of Fort Knox. THE AMERICAN GOVERNMENT AND THE INTERNATIONAL BANKERS DO NOT WANT THE AMERICAN PUBLIC TO KNOW THIS. Do you know there was a time in American history when it was illegal to have gold coins? Did you know Americans were required to turn in their gold coins to the federal government for $20.00 an ounce? This gold was melted down and sold to foreign companies and countries for $35.00 an ounce while it was illegal for Americans to buy any gold from Fort Knox. This is and was the biggest robbery of monies ever from the American people. I was surprised to learn that the contents of Ft. Knox are actually an asset on the balance sheet of a privately owned corporation and banking entity. That’s right, the Fed owns the gold. The U.S. Treasury is holding the gold for the Fed, not necessarily for U.S. citizens. Both the Fed and the Treasury are on the line if the gold is gone. U.S. citizens will be the losers. The “faith and confidence” behind the global money we issue will. Ron Paul, the libertarian Texan congressman, has fueled a long-standing conspiracy theory that the U.S. gold reserves at Fort Knox have secretly been sold off by the government. Paul wants an audit of the gold reserves, believed to be worth approximately $317 billion, which have long resided in a well-protected vault in the Kentucky military base. "[The Federal Reserve] should prove all the gold is there," he said. "There is a reason to be suspicious." Asked whether there was any truth to claims that the gold was gone, Paul replied: "I think it is a possibility." The reaction: "This is, of course, complete nonsense," says Bruce Bartlett at WallStreetPit. Commodities experts know, "within a small margin of error," the amount of gold in circulation around the world. If the Fort Knox gold were ever sold, the market would explode — and it might just show up in the federal budget, too. Remember it's the "federal government we're talking about here," says Shannon Bell at Right Pundits. Who's to say what they are willing to do behind our backs? Either way, an audit is essential. "We should know exactly what we have." But we do, sighs Eli Lehrer at FrumForum. The real question is whether the 8,133.5 tons of gold the government will happily admit to holding in reserve is worth keeping. Our reserves are only worth about 2 percent of the GDP, after all. When the economy returns to strength, "the country may want to consider getting rid of them."
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...