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Precious Metals

Aluminum

What Element was Once More Expensive Than Gold?

Gold is a chemical element with the symbol Au and the atomic number 79, making it one of the naturally occurring elements with a higher atomic number. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in its pure form. In chemistry, gold is a transition metal and a group 11 element. …

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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 »