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To: abb

That’s what I thought. The government bought gold for $20/oz and then revalued it at $35/oz thus devaluing the dollar.


80 posted on 11/07/2008 7:39:36 AM PST by ROLF of the HILL COUNTRY ( The Constitution needs No interpreting, only APPLICATION!)
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To: ROLF of the HILL COUNTRY

More correctly, the government SEIZED gold then valued at $20/oz and handed out paper in return. Then a year later devalued the paper by 40%.


81 posted on 11/07/2008 7:44:18 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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