Executive Order 6102 was signed on April 5, 1933, by U.S. President Franklin D. Roosevelt “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States”. The order criminalized the possession of monetary gold by any individual, partnership, association or corporation. This was followed up by the Gold Reserve Act of 1934.
This was done so that Roosevelt’s administration could then devalue the dollar from $20 per ounce to $35 per ounce, effectively stealing 40% of everyone’s wealth in the country with the stroke of a pen.
It continued to be illegal to own gold in the United States until December 31, 1974.