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1953 newspaper article excerpt on world and US gold

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1953 newspaper article excerpt on world and US gold

Postby 68Camaro » Tue Sep 24, 2024 9:02 am

Ran 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
1953 gold market.png (647.78 KiB) Viewed 161 times
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Re: 1953 newspaper article excerpt on world and US gold

Postby Lemon Thrower » Tue Sep 24, 2024 9:20 am

a few years later Unc Sam and his pals were selling gold to keep the price capped at $35. France eventually said I'm out.

https://en.wikipedia.org/wiki/London_Gold_Pool
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Re: 1953 newspaper article excerpt on world and US gold

Postby shinnosuke » Tue Sep 24, 2024 10:50 am

Who cares about gold and debt ceilings. I'm going to eat me a $2.25 steak dinner!
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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Re: 1953 newspaper article excerpt on world and US gold

Postby thecrazyone » Thu Oct 17, 2024 2:48 pm

shinnosuke wrote:Who cares about gold and debt ceilings. I'm going to eat me a $2.25 steak dinner!

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