Executive Order 6102

Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government Executive Order 6102 was an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt (32nd President of the United States, 1933 ‐ 1945) that prohibited “the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” References:

What is Money?

Monetary economics refers to something as money when it has three main properties. From this perspective, money is something that is a: Unit of Account Medium of Exchange Store of Value Mike Maloney argues that real money must also possess four additional properties. From his point-of-view, money must also be: Portable Durable Divisible Fungible These …