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/biz/ - Business & Finance

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15966494 No.15966494 [Reply] [Original]

>> No.15966518

>>15966494
It looks like columns of dates and numbers.

>> No.15966524

>>15966494
Looks good to me, what's the problem anon?

>> No.15966624

>>15966494
The dollar was still partially pegged to gold at the time. Dimes, quarters, and half dollars used to all be silver and pennies were all copper back then too.

>> No.15966636

>>15966524
why did the crash from 1929 not affect it?

>> No.15967308
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15967308

>> No.15967388

>>15966636
Checked.

At some point during the great depression people had to turn in their gold, maybe that's why the official price stayed the same maybe that's what govt paid for gold. Anyone out there know?

>> No.15967743

1948-9 owned $26.6 billion worth of bullion. Since that time, progress in destroying the dollar and series of payment deficits further debase & inflate the dollar.

Under Bretton Woods, the US had a commitment to maintain the value of the dollar by buying and selling unlimited quantities of gold at $35 per ounce.

American & British treasury officials negotiated during the war years to reform the world financial system. Bretton Woods conference 1944. Convertibility of dollar into gold at $35 per ounce became the lynch pin of a worldwide fixed exchange rate system.

Devaluations and controls on the flow of capital and gold persisted. Countries devalued more often. Some major currencies were not linked to the dollar until 1958. Gold standard became more absent.

Countries that traded their gold for dollars were seen as true allies.

>> No.15967824
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15967824

>>15967388
Gold price increased after 1933, when USA started buying private hold gold.
In our period of the fiat system, gold is a good way to defend your wealth against deflation.
Also betting against fiat system and its collapse silver/ gold is the best thing, when the fiat system collapses gold/ silver will go 10-20x

>> No.15968566

>>15966494
Now check the past fifty years.

>> No.15968613

>>15966636
Cash was king during the great depression because cash was literally gold. if you owned gold, the stock market declined by 90% peak to trough in dollar terms and then the dollar was devalued by a further 70%. If you held boomer rocks, your purchasing power went up massively.

>> No.15968883
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15968883

>>15967824
you mean started stealing.
if someone threatens you in order to force you to sell something it's not a real purchase.
>sell me your jacket for 50 cents or i'll lock you away for 10 years

>> No.15968893

>>15968883
actually it was even worse than that since they gave you something they said was worth the gold value, so this is more close to what happened:
>sell me your jacket for this pinecone or i'll lock you away for 10 years

>> No.15968924

Imagine having your lifesavings(gold) 14x in purchasing power. Who could possibly want to own boomer rocks during a crisis?