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WebJun 28, 2016 · Ford signed proclamation Pub.L. 93-373, which legalized gold ownership and also made it legal to include gold clauses in contracts, effective 1977. Ford failed, however, to reestablish gold as a back up to government fiat or the American dollar. Deficits Climb and the Dollar Falls. As a result, deficits continued to mount. WebFeb 13, 2024 · When a Gold Purchase May Not Need to Be Reported. If a person walks into a local gold coin shop and buys $12,000 worth of gold using a cashier’s check, this gold purchase wouldn’t be required to be reported. A cashier’s check over $10,000 isn’t considered cash, and paying with one is seen as different from paying with paper currency. WebJul 5, 2024 · The First U.S. Gold Coins. Obverse of a Capped Bust $10 gold eagle. The Coinage Act of 1792 was the first law to authorize the production of gold coins in the United States of America ... numbers old testament or new testament