Even the United States, which founding father John Adams proclaimed to be a “Government of laws, not men”, once wanted to have all the gold. Rather, this is about how the United States Government seized gold from its own citizens. Societies throughout history have used ‘money’ as a means of transacting commerce in lieu of barter. Gold, in various forms, has been used as money for at least 5,000 yearsGold and silver coins was used as money in the United States since its founding. So it was with Executive Order #6102, which was questionably based on the President’s authority under the WWI era ‘Trading with the Enemy Act’.

Source: Wall Street Journal July 03, 2023 15:15 UTC