1953 newspaper article excerpt on world and US gold
Posted: Tue Sep 24, 2024 9:02 amRan across this while doing some family genealogy research. I didn't include the start of the article, which would have made for an awkward clip, as this part contains the relevant info. The article starts with speculation that the "Reds" were selling gold to depress the price. It goes on in the clip to remind us of the then recent history of the prior 20 years, and includes the national debt number, as well as the already common shenanigans between the Treasury and the Fed to bypass the regulatory budget and debt rules.
- 1953 gold market.png (647.78 KiB) Viewed 160 times