Replies

To: yorkiemom

Roosevelt decided what price to set for gold, and then confiscated it at that price. Was that FMV? Who knows?

54 posted on 03/11/2013 12:36:24 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)

To: Former Proud Canadian

Roosevelt decided what price to set for gold, and then confiscated it at that price. Was that FMV? Who knows?

Probably not, I'd guess.

56 posted on 03/11/2013 4:32:38 PM PDT by yorkiemom

To: Former Proud Canadian

I thought the going rate at the time was $20 per ounce.

FDR devalued the dollar from 1/20 of an ounce of gold to 1/35 of an ounce after the confiscation.

61 posted on 03/12/2013 4:32:36 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)

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