Yeah I thought that sounded like California school BS. Here's what the Executive Order actually said about owning gold:
Notice that $100 limit for gold coins per person? With an average wage of .42 (cents) per hour (many made less) and $100 representing nearly five ounces of gold the equivalent today would be $6,250 dollars of gold per person. With an average family size of 5 that would be $31,000 in gold coin today per household. Do you or anyone you know keep $31,000 around the house in cash or gold coin?
How any teacher in California or elsewhere could believe that $31,000 value in gold coin per household could amount to "banning private gold ownership" is beyond me. In fact anyone stating that private gold ownership was banned simply didn't read the law. $100 dollars in gold coin was a lot more money than any but the wealthiest people would have in savings much less pocket money. If anyone was inconvenienced by that limit it wasn't the common working man.
Here is the Presidential Proclamation in full. It's short but you will find it much more detailed than those California school books.
Never has gold possession or prospecting been banned in the United States. After 1933 there was a gold mining boom until 1942. Even during WWII gold mining was still allowed. I've got the laws to back up that statement too. And if you are still on the California school history believing bandwagon I can provide proof that hydraulic mining was never banned in the United States - including California.
Sometimes what you "know" is more about where you grew up than what the facts are.
No you know something else. Educate yourself and prosper!
Heavy Pans