The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Precious Metals Investing||Date: 11/18/2010 1:08 AM|
|Author: gdett2||Number: 67728 of 74536|
You may be referring to the value based upon gold US coinage prior to the 1933 presidential order to abolish private ownership of gold bullion and coin.
Gold was "officially valued" a little over $18 an ounce. After the order, the value was raised to $35. The 2009 statutory value for gold was $42.22 per the 2009 US Mint annual report although they added a "market value" also.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|