SI
SI
discoversearch

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.
Politics : Welcome to Slider's Dugout
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: el_gaviero who wrote (10838)7/18/2008 12:13:54 PM
From: WillieTee  Read Replies (1) of 50117
 
RE: Newmont in the depression. Remember, public ownership of gold was illegal per FDR. The price was fixed at $35. Newmont stayed in business to provide the USA with bullion to support itself, along with some foreign sales. Since the price was fixed, and production purchased by the US Gvt, it was hardly similar to the current company. Also, as labor and productions costs dropped, it was able to make a profit. Thus, it was in a different situation from most for-profit companies. So forget about depression era gold vs. today. Not even in the same category.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News