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GOLD ALMIGHTY.
- Source :
- Forbes; 2/4/1980, Vol. 125 Issue 3, p114-115, 2p
- Publication Year :
- 1980
-
Abstract
- The author offers a history of gold as an investment and trading commodity as of February 4, 1980. He recalls that U.S. President Franklin D. Roosevelt raised the price of gold by 75% to 35 U.S. dollars an ounce as the U.S. began to emerge from the Great Depression and that owning gold became illegal until 1975. He talks about gold advocates' view of gold as a cheap form of insurance against a perceived inevitable collapse of the U.S. dollar and his change of attitude from negative to neutral.
- Subjects :
- GOLD
INVESTMENTS
INSURANCE
GREAT Depression, 1929-1939
Subjects
Details
- Language :
- English
- ISSN :
- 00156914
- Volume :
- 125
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Forbes
- Publication Type :
- Periodical
- Accession number :
- 92533090