price for gold is climbing

vpnavy

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I searched Google and found...

 

Assembler

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Just remember GATA ( gold anti trust act ) and how it was manipulated !
The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut.

https://www.gata.org/about

Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing antitrust lawsuits against financial institutions involved in the collusion against gold.

The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware in January 1999. Murphy became chairman and Powell secretary and treasurer.

GATA financed the federal anti-trust lawsuit of its consultant, Reginald H. Howe -- Howe vs. Bank for International Settlements et al. -- which was pursued in U.S. District Court in Boston from 2000 to 2002. While the Howe suit was dismissed on a jurisdictional technicality, it yielded valuable information at a court hearing in November 2001 and became the model for Blanchard Coin and Bullion's anti-trust lawsuit brought the following year against Barrick Gold and J.P. Morgan Chase & Co. in U.S. District Court in New Orleans, whose settlement appears to have included Barrick Gold's decision to stop selling gold in advance.

Using the U.S. Freedom of Information Act, throughout 2008 and 2009 GATA sought access to the Federal Reserve's gold-related records, eliciting an admission from the Fed that it has gold swap arrangements with foreign banks and insists on keeping them secret. To obtain the records at issue, in December 2009 GATA sued the Fed in U.S. District Court for the District of Columbia. In February 2011 the court ruled that most of the Fed's gold records could remain secret but that one had to be disclosed: minutes of the April 1997 meeting of the G-10 Committee on Gold and Foreign Exchange. The minutes, released by the Fed two weeks after the court's ruling, showed G-10 member treasury and central bank officials secretly discussing the coordination of their policies toward the gold market. The court ordered the Fed to pay court costs to GATA.

GATA has collected and published dozens of documents showing Western treasury and central bank efforts to intervene both openly and surreptitiously against a free market in gold. GATA has held four international conferences: in Durban, South Africa, in 2001; in Dawson City, Yukon Territory, Canada, in 2006; in Washington, D.C., in 2008, and in London in 2011.

GATA's Internet site is www.GATA.org.

GATA is recognized by the U.S. Internal Revenue Service as a tax-exempt educational and civil rights organization under Section 501-c-3 of the U.S. Internal Revenue Code and is grateful for donations to sustain its work.
 

Assembler

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Under current federal law, gold bullion can be confiscated by the federal government in times of national crisis. As collectibles, rare coins do not fall within the provisions permitting confiscation.
 

firebird

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Still not enough. 4 grams of gold used to be worth a month's wages hundreds of years ago. Now that barely covers the price of gasoline and supplies.
 

Assembler

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Still not enough. 4 grams of gold used to be worth a month's wages hundreds of years ago. Now that barely covers the price of gasoline and supplies.
Is a "Federal reserve bank note" "Tender"?

"The State of Oregon" code covers "Actual production of money, etc. equivalent".
Also covers "Offer in writing, efficiency".
 

RTR

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Still not enough. 4 grams of gold used to be worth a month's wages hundreds of years ago. Now that barely covers the price of gasoline and supplies.
Back in the 'Wild west days' bar tenders were hired (according to the size of their hands).As a Pinch of gold would pay for a shot of whiskey :):headbang: Who's to say what the future will bring .:)
 

Assembler

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Back in the 'Wild west days' bar tenders were hired (according to the size of their hands).As a Pinch of gold would pay for a shot of whiskey :):headbang: Who's to say what the future will bring .:)
Interesting.
"Tender" within the code is not based on the size of one's hands.
 

Assembler

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Bartender code? In the gold rush they paid for drinks with pinches of gold dust. I wouldn’t let a bartender near my poke, there’s a pinch and then there is a pinch.
Another reason to stay away from the bars. The pinch could be painful.

By the way Oregon's first governor had a token made from gold in part due to the lack of "Money".
I would like to have that in my poke..........lol.
 

Assembler

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Louisiana, Utah, and Texas have passed legislation recognizing gold and silver as legal tender, a move that allows citizens to make transactions using precious metals in place of cash.

Joining seven other states that have either passed or introduced legislation in favor of the metals, Louisiana, Utah, and Texas are now taking further steps toward establishing regulatory depositories to hold gold and silver
 

RTR

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Worried about the price of Gold.....Just get off your Butts ...And dig it ! It is found in every state ,except Hawaii.:headbang::goldpan::laughing7:
Grains/Grams it doesn't matter over time it all adds up,
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it all adds up :)
 

Goldwasher

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Still not enough. 4 grams of gold used to be worth a month's wages hundreds of years ago. Now that barely covers the price of gasoline and supplies.
four grams of gold was never a months wages.

4g 1853 =$2.62
1880=$ same
1910=same
1920+same
1930=same
1940=$4.31
1950=$5.11
1960=$4.63
1970=$4.93
1980=$75.54
1990=$49.04
2000=$34.85
2010=$180.34
2020=$225.23
today=$237.20

historically 4g of gold has never been a months wages.

it's been about a days wage.
 

arizau

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four grams of gold was never a months wages.

4g 1853 =$2.62
1880=$ same
1910=same
1920+same
1930=same
1940=$4.31
1950=$5.11
1960=$4.63
1970=$4.93
1980=$75.54
1990=$49.04
2000=$34.85
2010=$180.34
2020=$225.23
today=$237.20

historically 4g of gold has never been a months wages.

it's been about a days wage.
Not that it matters but, I think those prices are based on the London Exchange.
Here in the US gold prices differed for around 40 or so years as the U.S. fixed the price at $35/OT ($4.50 for 4 grams) from 1934 until 1970. It was fixed at a couple of higher prices for a couple of years after that. Since then it has not been regulated by the U.S. as far as I know.
 
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Goldwasher

Gold Member
May 26, 2009
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Not that it matters but, I think those prices are based on the London Exchange.
Here in the US gold prices differed for around 40 or so years as the U.S. fixed the price at $35/OT ($4.50 for 4 grams) from 1934 until 1970. It was fixed at a couple of higher prices for a couple of years after that. Since then it has not been regulated by the U.S. as far as I know.
nope all the figures are based on US spot price for the year indicated.https://onlygold.com/gold-prices/historical-gold-prices/
 

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