The price of gold is the price of gold. Prior to Roosevelt effectively fixing gold by issuing bearer notes with their price in gold on them, the price of gold was quote in 1933 as 32.33. This was not gold price fixing, nor was it Roosevelt's doing. Much of the historic declaration misses the fact that gold was quoted at 35 dollars prior to Bretton Woods. These minor history "takes" as to the price of gold being one price and then being artificially 'declared' are not authoritative. It had its own price. There was no point in any nation declaring any other price for it after Bretton Woods and Roosevelt's actions, as it could always be bought (in theory) in US currency for 35 dollars, so it would be fruitless to do otherwise. You could be shorted or profiteered either way you went outside 35. So the "fixing" of gold, was an effective declaration of bearer notes, not a market dictum. In fact, Canada, all through this period routinely paid to mines a premium on the US declared price of 35 dollars by as much as 25%. This was called the EGMA or emergency gold mining act. Of course the US "price" was a huge scam, as Roosevelt, scammer that he was, made it illegal for private citizens to own bullion. They could be jewlers of it, and sell certificates and carry redeemable notes, they just could not redeem the notes.
So I not wrong as usual, but right. It is you who are wrong as usual, so virtual Pekinese may stay on their virtual chain.
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