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Kimberley Process

What is the Kimberley Process?

Diamonds are one of the best-known and most sought-after gemstones. It has been used as decorative pieces since ancient times and more recently, as a form of currency for illegal activities. Unfortunately, diamonds are often obtained through illicit means, but the governments in different countries formed a process to try and eliminate their circulation. But …

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It was illegal for Americans to own gold (except for some jewelry and collectors coins) between 1933 and 1975.

Gold Reserve Act The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. It also prohibited the Treasury and financial institutions from redeeming dollar bills for gold, …

It was illegal for Americans to own gold (except for some jewelry and collectors coins) between 1933 and 1975. Read More »