Cryptocurrency Q&A
Why is it illegal to own gold in the USA?
Why is it illegal to own gold in the USA?
Lorenzo
Fri Nov 08 2024
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7
answers
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I heard that in the US, owning gold is considered illegal. I'm curious about the reason behind this. Is it because gold is seen as a threat to the economy or is there some other reason that makes it unlawful for individuals to possess gold in America?
7 answers
Sara
Sun Nov 10 2024
Individuals and entities accumulated gold as a safeguard against financial uncertainty.
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Federico
Sun Nov 10 2024
The order was issued due to prevalent economic hardships.
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HanbokGlamourQueen
Sun Nov 10 2024
These hardships led to widespread "hoarding" of gold.
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SeoulSerenitySeekerPeaceLover
Sat Nov 09 2024
The United States was utilizing the gold standard for its currency at that time.
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Bianca
Sat Nov 09 2024
The accumulation of gold caused a stall in economic growth.
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