Will the United States confiscate privately owned gold collections before 2035?
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Vertraagd29 mrt 23, 18:56 UTC31 dec 34, 10:00 UTC
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From https://metaculus.com//questions/15646/us-gold-confiscation-before-2035/ [Executive Order 6102](https://en.wikipedia.org/wiki/Executive_Order_6102), signed by President Franklin D. Roosevelt in 1933, prohibited the hoarding of gold coin, gold bullion, and gold certificates within the United States.
- The order was aimed at increasing the money supply during the Great Depression by eliminating constraints on the Federal Reserve, which was required to have 40% gold backing of Federal Reserve Notes.
- The order demanded that all gold be delivered to the Federal Reserve, with some exemptions for specific industries and collectors (as well as very small amounts).
- They were exchanged for $20.67 per troy ounce. [Failing to comply](https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917) with this order brought with it a fine of up to $10,000, 10 years in prison, or both. [Some](https://news.bitcoin.com/could-the-government-confiscate-gold-again-a-look-at-todays-emergencies-and-revisiting-executive-order-6102/) have worried that the US government may consider taking similar actions again.