Thanks for your response, Bob. However, I don't understand something, even after reading that nifty link to "US Monetary History" on goldsheetlinks.com
Somehow, someway, somewhere, someone decided on $20.67 price for an ounce of gold in the USA. They got the idea somewhere.
We colonists got the idea of that price from silver you say.
Okay...who and what fixed the pound of silver at whatever its equivalency is that made you come up with the gold price of $20.67
Or to put it in other words, our country is too young to have thought of all this stuff by ourselves...the idea, the price, the equivalency comes from somewhere.
Any more clues for me, Bob? Like maybe a gold price chart from...oh, doesn't have to be the dawn of time....but maybe from outside the US that influenced the decision to do the silver/pegging thing?
Thanks,
gold_tutor |
