Billionaire investor warns of coming central bank collapse followed by gold seizure They say history may not always repeat itself, but it often rhymes. The worsening debt scenario in the U.S. and abroad could become a case in point. It’s not something that today’s kids will likely learn in civics class (if they even have a civics class), but it was an important event at the time. A few years into the Great Depression, the Roosevelt Administration did something radical with the monetary system, in order to financially prop up the government. Specifically, President Franklin D. Roosevelt ordered all gold being held in private hands to be surrendered to Uncle Sam. With Executive Order 6102, issued April 5, 1933, FDR made it mandatory for anyone holding “gold coin, gold bullion and gold certificates” to have them “delivered to the government.” FDR said his authority to issue the order stemmed from “Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled ‘An Act to provide relief in the existing national emergency in banking, and for other purposes.'” Further, the Order prohibited “the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations….” FULL REPORT