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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: IngotWeTrust who wrote (63612)	2/9/2001 7:39:41 PM
From: goldsheet	Read Replies (2) of 116790

> someone decided on $20.67 price for an ounce of gold in the USA No, they did it the other way around, defined a standard dollar in terms of gold and silver, a bimettallic standard. Lots of other currencies circulated in the US, especially Spanish reales (pieces of 8) so they had historical experience with international currencies before defining the dollar.

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