eHelpfulTips    How To Advice & Thrifty Tips     

e-mail this page to a friend:Bookmark and Share      

Main Page

Electronics & Computers

Home Projects


Health & Fitness


Education & Kids


Food, Beverages, Recipes

Pets & Animals

Money & Thrifty Tips

Business and Employment

Travel and Leisure

Thrifty Living Books 

Links To More How - To Articles



Current Gold Price Ticker. Daily Gold Price.

As the economic crisis continues many people are seeking the safety of investing in gold. While all assets, including precious metals such as gold may lose value, gold is still a popular way to store wealth. It is tangible, portable and timeless in appeal. In the past it was illegal to own gold in the United States. Gold coins were confiscated and removed from circulation during the Great Depression.  In 1933 owning gold bullion (jewelry not included) became illegal.

On April 5, 1933, newly inaugurated President Roosevelt issued Executive Order 6102, which prohibited the hoarding of gold by U.S. citizens. Americans were required to turn their gold holdings over to the federal government at the prevailing price of $20.67 per ounce.

This drastic action, which has been criticized by many, was deemed necessary to fight the great depression. Effectively what it did was transfer a large amount of assets to the federal government in trade for worthless paper money at a fixed price per ounce. This was the beginning of the end of the gold standard, which tied the value of the U.S. dollar a fixed amount of gold or silver.  Finally in 1974 it became legal to own gold bullion again.  See also: How To Invest In Gold As Protection From Inflation

Here is the current spot price of gold. Bookmark this page to have the latest gold price handy.




               Helpful Links: Eco Friendly Home Improvement        eHelpfulTips Main Page


Use of this site constitutes acceptance of Terms of Use   We assume no liability for the use of any tips or advice found on this site. Information is for entertainment use only and should not be considered professional advice. Use any content at your own risk.  Contact  Privacy Policy: This site collects no information other than cookies used by advertising networks.