Gold is all over the news these days because of it’s dramatic increase in value.  We are encouraged either to sell our gold because it is so valuable now, or to buy gold as an investment in the future.

Can you imagine being asked to turn over your gold, and receive nothing in return?  Being told not to hoard gold?  There was such a time.  I was visiting one of those buy gold online sites, and looked around a bit…if you go to the very last item in the right margin, with a picture of FDR on it, then click through, you’ll find a copy Roosevelts Executive order dated April of 1933 demanding that gold coin, bullion and certificates be turned in to a Federal Reserve bank.  There were exceptions and limitations, but still, it must have been hard to give up something that you owned that was of value. It’s an interesting read, as is the history behind it. As drastic as the measure may seem, it did eventually have a stabilizing affect on the economy. The article is in pdf format, and while your at the site, you’ll find a number of other features that might interest you.

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