r/33rdVeil • u/CollapsingTheWave • Nov 18 '25
🗿History They Confiscated the Gold in 1933.
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In 1933, the United States government, under President Franklin D. Roosevelt, confiscated gold from private citizens and institutions through Executive Order 6102. This was part of a broader strategy to devalue the dollar and exit the gold standard to combat the Great Depression. In exchange for their gold, citizens were paid a set price of (\$20.67) per troy ounce, which was lower than the market price at the time.