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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: SeaViewer who wrote (104578)5/24/2001 3:29:06 PM
From: craig crawford  Read Replies (1) of 436258
 
Ahem, gold was confiscated by order from Roosevelt and the public was not allowed to own it. Then the price was bumped up from $20.67 to $35 and was artificially set. The US government tried to rig it at this low price for many years and eventually abandoned the notion when they saw it was a losing proposition. When Nixon finally gave up the charade and let it float freely...you had a price explosion. Many people think our govt and other govts are artificially rigging the price once again...to further their money printing schemes.

Many other commodities did well in the aftermath of the depression, and you would see this if you read the article I linked.

Here it is once again.
lemetropolecafe.com
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