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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (87317)6/25/2002 12:49:58 AM
From: Follies  Read Replies (2) | Respond to of 116984
 
I think there were others but I don't know.

Gold was pegged until Richard Nixon floated the dollar in 78?

Of course during the time it was pegged it went from $28 to $36 /oz (someone else can verify the numbers).



To: Jim McMannis who wrote (87317)6/25/2002 2:47:31 PM
From: goldsheet  Read Replies (1) | Respond to of 116984
 
"Gold Reserve Act of 1934 (1/30/34) monetized all gold reserves and set the standard size at 400 troy ounces. All monetized gold reserves then revalued to $ 35 per ounce from previous $ 20.67 price. "

In hindsight, it is obvious gold stocks went up during the Depression as a result of the government manipulating gold prices upward ;)


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