<P> Executive Order 6102 required all persons to deliver on or before May 1 , 1933 , all but a small amount of gold coin , gold bullion , and gold certificates owned by them to the Federal Reserve , in exchange for $20.67 ( consumer price index , adjusted value of $391 today ) per troy ounce . Under the Trading with the Enemy Act of 1917 , as amended by the recently passed Emergency Banking Act of March 9 , 1933 , violation of the order was punishable by fine up to $10,000 ( equivalent to $189,049 today ) or up to ten years in prison , or both . </P>
<P> Executive Order 6102 required all persons to deliver on or before May 1 , 1933 , all but a small amount of gold coin , gold bullion , and gold certificates owned by them to the Federal Reserve , in exchange for $20.67 ( consumer price index , adjusted value of $391 today ) per troy ounce . Under the Trading with the Enemy Act of 1917 , as amended by the recently passed Emergency Banking Act of March 9 , 1933 , violation of the order was punishable by fine up to $10,000 ( equivalent to $189,049 today ) or up to ten years in prison , or both . </P>
when did the government take all the gold
when did the government take all the gold
May 1 , 1933
May 1 , 1933