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
|
7 answers
1790
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.
Was this helpful?
150
98
Federico
Sun Nov 10 2024
The order was issued due to prevalent economic hardships.
Was this helpful?
150
67
HanbokGlamourQueen
Sun Nov 10 2024
These hardships led to widespread "hoarding" of gold.
Was this helpful?
382
81
SeoulSerenitySeekerPeaceLover
Sat Nov 09 2024
The United States was utilizing the gold standard for its currency at that time.
Was this helpful?
383
73
Bianca
Sat Nov 09 2024
The accumulation of gold caused a stall in economic growth.
Was this helpful?
295
27
Load 5 more related questions
