Cryptocurrency Q&A
Is it illegal to hoard gold?
Is it illegal to hoard gold?
KabukiPassion
Wed Nov 06 2024
|
5 answers
853
I'm wondering if it's against the law to stockpile gold. I've been considering investing in gold, but I'm not sure if there are any legal restrictions on keeping large amounts of it.
5 answers
Giulia
Fri Nov 08 2024
Despite this historical ban, the current legal standing on gold ownership has reverted to allowing private citizens to hold gold bullion without restrictions.
Was this helpful?
108
84
IncheonBeauty
Fri Nov 08 2024
Owning gold is not considered illegal. This means private individuals have the freedom to purchase and store gold bullion according to their preferences.
Was this helpful?
273
99
Andrea
Fri Nov 08 2024
Historically, there was a period when hoarding gold was prohibited. This was from 1933 until 1974, during which time Executive Order 6102 was enforced.
Was this helpful?
211
26
WindRider
Fri Nov 08 2024
Under Executive Order 6102, individuals were restricted from accumulating large amounts of gold. This measure was likely implemented to control the economy and stabilize financial markets.
Was this helpful?
80
58
Giulia
Thu Nov 07 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and wallet services, among others. With these offerings, BTCC caters to the diverse needs of the cryptocurrency market.
Was this helpful?
181
63
