> > My understanding is that there were some very specific laws past after
> > the Great Depression about either the amount and or what form of gold
> > can be held by US citizens. I have also be lead to believe that in
> > certain forms it can not be confiscated by the US Government.
It's not po
In answer to David H. Wilkins's questions:
In 1933 President Franklin D. Roosevelt banned the export of gold, halted
the convertibility of dollar bills into gold, ordered US citizens to hand in
all the gold they possessed and established a daily price for gold. 1934
Roosevelt fixed the price of
> December 31, 1974 the US government ended its ban on individual ownership
of
> gold. In 1997 Congress passed the Taxpayers Relief Act, allowing US
> Individual Retirement Account holders to buy gold bullion coins and bars
for
> their accounts as long as they are of a fineness equal to, or exc
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of SnowDog
Sent: Friday, May 04, 2001 6:46 AM
To: e-gold Discussion
Subject: [e-gold-list] RE: Fw: Laws pertaining to gold ownership in the
United States
> December 31, 1974 the US government ended its ban on individual ownership
of
>
> It seems to me that the 1974 legislation removed the ban on individual
> ownership of gold, period. The 1997 legislation allows for gold coins and
> bars of 99.5 per cent gold to be included in IRA's rendering them
> non-taxable while held in those accounts.
I don't doubt what you're saying, b
I believe the law in question is US Code: Title 26, Section 408 which
you can find online at this URL:
http://www4.law.cornell.edu/uscode/26/408.html
Which I read to allow gold coins as:
(7) A fifty dollar gold coin that is 32.7 millimeters in
diameter, weighs 33.931 grams, and contains one
