Anyone have any details on what the exceptions were:
A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins.
Any amount. The idea was that owning wasn't really the problem, they just didn't want you easily trading it. So you could have a huge statue of solid gold and it wouldn't be a problem but a handful of 'junk' Krugerrands -- yeah, that would be a big problem. The former is an asset, the latter is currency.
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Anyone have any details on what the exceptions were:
A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins.
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Like how much jewelry?
Any amount. The idea was that owning wasn't really the problem, they just didn't want you easily trading it. So you could have a huge statue of solid gold and it wouldn't be a problem but a handful of 'junk' Krugerrands -- yeah, that would be a big problem. The former is an asset, the latter is currency.