in 1934 when they passed EO 6102 gold was $25 an ounce. They offered $35 in exchange for the gold. That solid 40% gain sounded good at the time, but looks bad against a historical lens:
Dollars depreciated by 99% and gold is around $2,800 an ounce.
in 1934 when they passed EO 6102 gold was $25 an ounce. They offered $35 in exchange for the gold. That solid 40% gain sounded good at the time, but looks bad against a historical lens:
Dollars depreciated by 99% and gold is around $2,800 an ounce.
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