The key to the rising price for gold in the 1930s was the effort by President Franklin D. Roosevelt to raise the nominal price of gold from $20 to $35 per ounce. It was still – in many respects – a gold standard world back then. But in raising the gold price, FDR also indirectly spurred the market capitalization of much of the mining industry. One thing to keep in mind is this. We know a few things about inflation, both practically and from economic theory…
September 26th, 2008 | Byron King | 5 comments | ContinuedAll Posts Tagged With: "previous metals"
