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IPFS News Link • Gold and Silver

Gold's Official Price is $42, and maybe that's a Good Thing

• https://www.zerohedge.com, by JP Koning

Below, I've charted out the history of the U.S.'s official gold price. As you can see, the $42.22 price has been maintained since 1973, an odd-seeming state of affairs given that gold is currently hovering at around $1225. The practice of setting an archaic price for the yellow metal looks even stranger when we consider that central banks all over the world have adopted the habit of using the market price of gold to value their gold reserves.


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