
Why Investing in Gold and Silver is Key to Protecting Your Wealth
Gold and silver have been used as currencies for thousands of years. Around 1500 B.C. the Egyptians began producing their gold-bearing shekel. About 700 years later silver coins started showing up as currency as well. Today gold and silver are still used as currency, but not in the way they were prior to 1933 when President Franklin D. Roosevelt signed Executive Order 6102 on April 5, 1933, forbidding the hoarding of gold coin, bullion or certificates within the continental US. This basically made private gold ownership illegal during this time period with a $10,000 fine or 10 years in prison. President Gerald Ford repealed this law in 1973 but by then the US had already been taken off the gold standard.