My question is whether there was anytime in history owning gold was prohibited. According to my distant memory, during depression period, circulation of gold was not allowed

Yes gold was confiscated under the Rosevelt administration, and had to be exchanged for paper dollars. The dollar was than devalued about 50% against gold. This was a campaign to boost money supply (by allowing treasury to double notes in circulation) and force teh country onto the debt based money system we have today.

In actuality, many people did not turn gold coins in. Those coins are St. Guardians and carry a small to large collector premium today.

Marinite, sorry if I'm digressing from the housing topic. I'll stop if you want.

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