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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (200)8/5/2002 5:28:24 AM
From: Snowshoe  Respond to of 867
 
Rare Gold Coin Sells at Sotheby's for $7.6 Million, Setting Record
Wed Jul 31,12:46 AM ET
story.news.yahoo.com

Here is the Sotheby's prospectus for the above rare coin sale...
search.sothebys.com

It covers some really interesting history, including Roosevelt grabbing the gold...

On March 6, 1933, just two days after his inauguration, President Roosevelt launched the famous "100 Days." With Presidential Proclamation 2039 he declared a Bank Holiday, closing the nation's banks, prohibiting the payment of gold in any form, and putting an embargo on the export of all gold. The steamship S.S. Paris whose specially rebuilt hold was ready to receive nearly 14 tons of gold, sailed empty of fleeing bullion.

As Roosevelt later wrote, "For nearly two months prior to my inauguration I had discussed with a number of people the gloomy banking situation toward which the country had been drifting for some time...The crisis was being intensified by an ever-increasing wave of withdrawal and hoarding of gold. This became more and more marked during the two months immediately before Inauguration."