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| FDR in 1933 |
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| Executive Order 6102 |
Gold priced in dollars went from its historic price since 1879 of $20.67 the ounce to $35 in 1934. Gold was confiscated because the government claimed the American people were hoarding it, thwarting commerce. Kind of like today where people hoard cash but government interferes with interest rates so that you get no return and are more likely to spend it. History rhymes.
