Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.28

-0.9%

Dec 1 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IngotWeTrust who wrote (63570)	2/8/2001 10:21:31 PM
From: goldsheet	Read Replies (2) of 116791

> do you have that recorded on there somewhere, or know where to get at that information for me? I do not recall gold even being set below $20.67 (actually the $10 Eagle dollar set to 258 grains) It was revalued three times, now $42.22. I wrote a little US Monetary history once: goldsheetlinks.com Here's the information I think you needed - April 2, 1792 established a bimettalic standard Silver dollar 416 grains, 371.25 grains silver 44.7 grains copper Eagle gold 258 grains .4837 troy ounces. ( $ 20.67 / ounce) Gold Reserve Act of 1934 (1/30/34) monetized all gold reserves and set the standard size at 400 troy ounces. All monetized gold reserves then revalued to $ 35 per ounce from previous $ 20.67 price. Par Value Modification Act, PL 92-268, 3/31/72, $ 38.00 effective 05/08/72 Par Value Modification Act, PL 93-110, 9/21/73, $ 42.22 effective 10/18/73. Also, permitted private citizens to hold gold when the President found it would not adversely affect US international monetary position.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next