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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%4:00 PM EST

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To: Alex who wrote (51179)4/6/2000 1:06:00 PM
From: goldsheet  Read Replies (1) of 116779
 
> Lincoln Administration should not have left the gold standard in 1862 in order to pay for the war with "greenbacks

Technically, the US was on a bimettallic standard since 1792, with silver devaluations in 1837 and 1853.

A true gold standard was not implemented until the Gold Standard Act of 1900 (3/14/00) and ended with the Emergency Banking Act of 1933 (3/9/33) The idea of a gold standard is historically romantic one, but it really only existed for a brief 32 years.

Non-commercial site reference: pages.prodigy.net
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