How the US Government Seized All Citizens’ Gold in 1930s

How the US government seized all citizens’ gold in 1930s
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Franklin D Roosevelt signs bill that will lead to Gold Reserve Act 1934. With global financial markets in disarray, many investors are turning to classic safe havens. Gold is trading above US$1,750 (£1,429) per troy ounce, which is the standard measure – more than 15% above where it started 2020. Even after a strong rally since March, the S&P 500 stock market index is down nearly 10% over the same period. Gold confers familiarity during downturns. Its returns are uncorrelated with assets like stocks, so it tends to hold its value when they fall. It is also a good […]

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