luns, 18 de xaneiro de 2016

for $20.67 per ounce

On 12 September 1919 at 11:00 am, the five principal gold bullion traders and refiners of the day (N M Rothschild & Sons, Mocatta & GoldsmidPixley & AbellSamuel Montagu & Co. and Sharps Wilkins) performed the first London gold fixing, and thus became the original five founding members.[3] The gold price was determined to be four pounds 18 shillings and ninepence (GBP 4.18s.9d = 4.9375) per troy ounce. The New York gold price was US$19.39. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane.
In 1933, Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt, requiring US citizens to turn in their gold for $20.67 per ounce. Afterwards, the price of gold was set at $35.00 per ounce.
Due to wartime emergencies and government controls, the London gold fixing was suspended between 1939 and 1954, when the London gold market was closed.

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