Platinum Contributing Member Highmark Posted March 17, 2020 Platinum Contributing Member Share Posted March 17, 2020 In 1933 FDR under the guise of a never expired war statute and anti hording sentiment of the great depression ordered almost all gold turned in or "sold" to the US govt. Owners were reimbursed at a rate of about $20 an ounce. Not long after FDR or the FED artificially set the new gold price of $35 ounce making it wildly profitable for the US Govt. It was all melted down into bars and Fort Knox was turned into a garrison to hold it. https://en.wikipedia.org/wiki/Executive_Order_6102 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 17, 2020 Share Posted March 17, 2020 3 hours ago, Highmark said: In 1933 FDR under the guise of a never expired war statute and anti hording sentiment of the great depression ordered almost all gold turned in or "sold" to the US govt. Owners were reimbursed at a rate of about $20 an ounce. Not long after FDR or the FED artificially set the new gold price of $35 ounce making it wildly profitable for the US Govt. It was all melted down into bars and Fort Knox was turned into a garrison to hold it. https://en.wikipedia.org/wiki/Executive_Order_6102 The government is really helpful this way. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 18, 2020 Share Posted March 18, 2020 5 hours ago, Highmark said: In 1933 FDR under the guise of a never expired war statute and anti hording sentiment of the great depression ordered almost all gold turned in or "sold" to the US govt. Owners were reimbursed at a rate of about $20 an ounce. Not long after FDR or the FED artificially set the new gold price of $35 ounce making it wildly profitable for the US Govt. It was all melted down into bars and Fort Knox was turned into a garrison to hold it. https://en.wikipedia.org/wiki/Executive_Order_6102 I would bet everything I own fort Knox is nothing but a heavy guarded empty building Quote Link to comment Share on other sites More sharing options...
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