An old bond strategy is new again — and it’s good as gold A fledgling operation is hoping to turn back the clock by introducing gold bonds that are purchased and repaid with actual gold, a common practice about 90 years ago before FDR’s Gold Reserve Act put the kibosh on all the fun. January 13, 2021 4 MINS If you already thought gold investing was a fringe strategy, you might want to sit down for this one. The company, Monetary Metals & Co., already has one deal under its belt and is jockeying to gain traction by reminding folks that this was a common practice about 90 years ago before FDR’s Gold Reserve Act put the kibosh on all the fun.