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Private Property
John Paul Koning

The Losing Battle to Fix Gold at $35

Mises Daily

Author: John Paul Koning

Online Publish Date: February 18, 2009

Gold-price history charts denominated in US dollars show a flat line at $35 that runs through most of the 20th century. Thirty-five dollars was, after all, the official gold price as set by the United States Treasury from 1934 on. Prior to 1934, the gold price had been fixed at $20.67 for almost a century, before President Franklin Roosevelt

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