[coconutrandom]

https://en.wikipedia.org/wiki/Executive_Order_6102

"..forbade the hoarding 'of gold or silver coin or bullion or currency', under penalty of $10,000 and/or up to five to ten years imprisonment. The main rationale behind the order was actually to remove the constraint on the Federal Reserve which prevented it from increasing the money supply during the depression"

https://en.wikipedia.org/wiki/The_Gold_(Control)_Act,_1968

"Desai finally introduced the Gold Control Act, on 24 August 1968, which prohibited citizens from owning gold in the form of bars and coins. All existing holding of gold coins and bars had to be converted to jewellery and declared to the authorities. Goldsmiths were not allowed to own more than 100 gms of gold."

[verylittlemeat]

I don't quite see your point both of those pieces of legislation were repealed 3+ decades ago.

[nkurz]

Presumably he's pointing out that colanderman's use of "always" in the phrase "always free to buy gold" is suspect. A better word might be "currently". Currently, one can buy gold freely in most countries. In the 1930's this was not the case in the US. As recently as the 1960's this was not the case in India. Investors in gold should probably be aware of these precedents.