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Twotone

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Twotone

Re: None

Tuesday, 10/25/2011 8:46:33 AM

Tuesday, October 25, 2011 8:46:33 AM

Post# of 118202
A little gold history on this day.


U.S.
1933 U.S.A. Gold Buying

25th October, 1933 : The Roosevelt gold buying policy was inaugurated today with the government paying $31.36 per ounce 27 cents higher than quotations on the London Gold Exchange.

The London Price is currently $31.00 based on the exchange rate of $4.78 to the British Pound




I wonder if a leader in the not too distant future will initiate the same sort of policy?, albeit at a much higher price.
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