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


To: goldsheet who wrote (87351)6/26/2002 2:42:23 AM
From: E. Charters  Respond to of 116984
 
People keep saying that the gold reserve act took gold from 20.67 to 35.00. History shows this is untrue. The price of gold in 1932 was $32.32. Gold rose to 35 dollars on its own by 1934. Then it was pegged.

Apply some thought to it. Why would Roosevelt have upped gold's price? To devalue the dollar? What sense would that have made in a depression?

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