bitcoinwell on Nostr: in 1934 when they passed EO 6102 gold was $25 an ounce. They offered $35 in exchange ...
in 1934 when they passed EO 6102 gold was $25 an ounce. They offered $35 in exchange for the gold. That solid 40% gain sounded good at the time, but looks bad against a historical lens:
Dollars depreciated by 99% and gold is around $2,800 an ounce.
Published at
2024-10-24 23:38:41Event JSON
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"content": "in 1934 when they passed EO 6102 gold was $25 an ounce. They offered $35 in exchange for the gold. That solid 40% gain sounded good at the time, but looks bad against a historical lens: \n\nDollars depreciated by 99% and gold is around $2,800 an ounce. ",
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