When I was born in 1932 gold was $20.67 an ounce.
All American banks would give you gold coins,
of that per dollar weight, for your dollars too.
Roosevelt was elected president then and in 1933
made gold illegal for Americans to hold and set
the NEW price of American dollars at $35 for an
ounce of gold.
After the Second World War when Eisenhower was
President, gold on the world market was selling
slightly ABOVE this $35 for an ounce of gold.
Eisenhower then beat Hillary Clinton's lies
telling Americans, "If you trust gold instead of
the dollar then you are going to lose."
During Nixon's administration the world market
set gold at $40 an ounce and Nixon, with the approval
of Congress, made it LEGAL for Americans to again
If you believed Eisenhower, back then, you would
have lost a lot of purchasing power because gold is
now close to $1,400 an ounce.
Daniel P. Fitzpatrick Jr.