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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST
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To: KyrosL who wrote (59635)1/3/2010 9:29:52 AM
From: Tommaso  Read Replies (1) of 217750
 
>>>The price of gold was controlled for hundreds of years,<<<

Except at times of major discoveries of new sources of gold: California, Alaska, South Africa, the Spanish shipments from the Americas. In such times, the price of gold fell, although this was perceived as inflation in the prices of things paid for in gold.

The United States lost control of the price of gold in the Civil War, as measured in greenbacks.
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