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To: Seeker of Truth who wrote (53060)9/7/2004 11:38:59 AM
From: Tommaso  Respond to of 74559
 
>>>The US only banned the private possession of gold, at the same time raising their offer price from $20 to $35 <<<

Actually what happened was that in 1933, after people began hoarding gold coins, the government (i.e. Roosevelt) ordered people to turn in all their gold to banks, except for $100. After the government had collected all the gold, THEN in 1934 the price was raised for newly mined gold.

No wonder a whole generation of savers felt that FDR had robbed them!