What are the chances that the Obama administration will do what Roosevelt did in the 1930s, and via an executive order, make it illegal to "hoard" gold? From Wikipedia: 'Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.' The government set a fixed price for gold, seized all gold at that price and then changed the price and revalued the US currency as a result. They did this to stimulate the economy during the Great Depression, as hoarding was being blamed for a stagnation of other investments that would stimulate the economy. What is the chance of history repeating itself? The government could turn a huge profit, very quickly again using this method. Some have speculated that the amount of gold being privately held in the US exceeds the amount currently at Fort Knox.