actually the problem was population boom. FDR raised the rate from $20 to $35/ou...

		sexeriy237 2 days ago \| parent \| context \| favorite \| on: DRAM prices are spiking, but I don't trust the ind... actually the problem was population boom. FDR raised the rate from $20 to $35/ounce, and by timeNixon took the USA off standard the global population 3x. So gold is no longer scarce because it isn't backing real currency anymore. Its just metal