Yes. At the rate of $20.67/troy oz. FDR then raised the price of gold to $35/troy oz, effectively devaluing the dollars paid for the gold by almost half.
All for the “greater good,” of course.
63 posted on 01/27/2019 5:31:24 PM PST by abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))