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.Just remember GATA ( gold anti trust act ) and how it was manipulated !
Is a "Federal reserve bank note" "Tender"?
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 Who's to say what the future will bring .
Another reason to stay away from the bars. The pinch could be painful.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.
four grams of gold was never a months wages.
Not that it matters but, I think those prices are based on the London Exchange.four grams of gold was never a months wages.
4g 1853 =$2.62
historically 4g of gold has never been a months wages.
it's been about a days wage.
nope all the figures are based on US spot price for the year indicated.https://onlygold.com/gold-prices/historical-gold-prices/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.