You are buying & reselling bullshit again, but that is what you RW assholes do , isnt it?
Actually, Nixon rescinded FDR's executive order in 1974 (Executive Order 11825), not 1971, so your source is incorrect.
Regardless, US Code says that the President can enforce limits at will, all he has to do is publish a notice in the Federal Register (source above). As I said, if you buy or sell more $1,000 of gold, you will be reported.
You are full of it right up to your fat fucking jowls:
There is no restrictions on American owning gold:
http://www.onlygold.com/faqcenterpages/FAQ_LegaLIssuesAndGold.htmWas gold illegal to own at one time ?
Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
When were gold restrictions lifted ?
December 31, 1974 ended the era of private U.S. gold ownership restrictions which had begun in 1933. As of January 1, 1975, U.S. citizens were again free to own gold in any form, including bullion, and in any amount that they can afford, without restrictions or any federal ‘reporting’ of those holdings.
The only ones that say so are crooks & liars like you.