RE:RE:RE:RE:STUNNING NEWS - MARK THE DATE!
"I must disagree. It was only dollar price the US government dictated. Same as now."
Huh? We supposedly have a free market for gold now, not then.
"Once again, the value of gold did not change. The boom Homestake experienced was due to world demand for gold and the depreciating value of dollars the company traded in."
Huh? So, if Homestake one day sold gold in the "open" market at the official rate of $20.67 and the next day could only sell to the government - the only allowed buyer under a new law - at $35.00, that would make no difference to their bottom line because demand didn't change?
"Actually, it was the confiscation of the peoples gold that served the government as income."
I thought that that is what I said. But, if not, that is what I meant.