From GoldSeek
By Gary North
''The anti-gold bugs have been dominant in financial journalism ever since 1933, when President Franklin Roosevelt unilaterally made gold illegal for Americans to own. He issued an executive order on April 5, 1933. He gave Americans until May 1 to turn in their gold at $20 an ounce. Anyone who refused and got caught risked a $10,000 fine (at least $170,000 in today's money) and a decade in jail. The text is here.
Then, to complete the heist, the government hiked the price of gold to $35: the Gold Reserve Act of January 30, 1934. The government pocketed the difference: an increase of 75%. "Tough luck, suckers!''
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