Not sure what history books you are reading, but On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.
The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion. On Tue, May 17, 2016 at 3:45 PM, Sean Heskett <af...@zirkel.us> wrote: > Actually Nixon got us off the gold standard. And it's a good thing > because with an $18trillion GDP for just the US alone there is no way our > current economy would operate being tied to a shiny rock. That phone > in your pocket would cost $1million or more just from the gold inside of it > :-/ > > Leave the shiny rocks to the hippies at EDM festivals lol. > > -Sean > > > On Tuesday, May 17, 2016, Josh Luthman <j...@imaginenetworksllc.com> > wrote: > >> You think that's bad? The USD isn't backed by gold but rather a >> fictitious system controlled by private banks. Thanks, FDR. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Tue, May 17, 2016 at 4:10 PM, Lewis Bergman <lewis.berg...@gmail.com> >> wrote: >> >>> That is soooo sad >>> >>> On Tue, May 17, 2016 at 2:31 PM Josh Luthman < >>> j...@imaginenetworksllc.com> wrote: >>> >>>> Who care about P&L? It's stocks. >>>> >>>> AAPL is one of the biggest companies out there. There is no real >>>> correlation between stocks and how the company operates. >>>> >>>> >>>> Josh Luthman >>>> Office: 937-552-2340 >>>> Direct: 937-552-2343 >>>> 1100 Wayne St >>>> Suite 1337 >>>> Troy, OH 45373 >>>> >>>> On Tue, May 17, 2016 at 3:19 PM, Lewis Bergman <lewis.berg...@gmail.com >>>> > wrote: >>>> >>>>> Yep. Which is why they both make me nervous. You can't ever guess >>>>> where those types will go by looking at balance sheets and P&L. Although >>>>> to >>>>> tell the truth, it had been pretty difficult to do that with any stock for >>>>> a long time. >>>>> >>>>> On Tue, May 17, 2016, 1:57 PM Josh Luthman < >>>>> j...@imaginenetworksllc.com> wrote: >>>>> >>>> ...you mean like AAPL? >>>>>> >>>>>> >>>>>> Josh Luthman >>>>>> Office: 937-552-2340 >>>>>> Direct: 937-552-2343 >>>>>> 1100 Wayne St >>>>>> Suite 1337 >>>>>> Troy, OH 45373 >>>>>> >>>>>> On Tue, May 17, 2016 at 2:56 PM, Lewis Bergman < >>>>>> lewis.berg...@gmail.com> wrote: >>>>>> >>>>>>> Not that it matters, as I think GPRO is mostly a marketing play at >>>>>>> this point, I saw some film of some competitors product with a really >>>>>>> nifty >>>>>>> 360 camera for about half of a Hero3. >>>>>>> >>>>>> On Tue, May 17, 2016 at 1:38 PM Chris Wright <ch...@velociter.net> >>>>>>> wrote: >>>>>>> >>>>>> I sure hope it goes back to $15. I bought at $12 last on its uptick >>>>>>>> and then it plummeted. L >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> Chris Wright >>>>>>>> >>>>>>>> Network Administrator >>>>>>>> >>>>>>>> Velociter Wireless >>>>>>>> >>>>>>>> 209-838-1221 x115 >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *CBB - Jay >>>>>>>> Fuller >>>>>>>> *Sent:* Tuesday, May 17, 2016 8:22 AM >>>>>>>> *To:* af@afmug.com >>>>>>>> >>>>>>>> >>>>>>>> *Subject:* Re: [AFMUG] GPRO stock >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> oh, i know i don't matter... >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> ----- Original Message ----- >>>>>>>> >>>>>>>> *From:* Robert >>>>>>>> >>>>>>>> *To:* af@afmug.com >>>>>>>> >>>>>>>> *Sent:* Tuesday, May 17, 2016 9:49 AM >>>>>>>> >>>>>>>> *Subject:* Re: [AFMUG] GPRO stock >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> Just after Icann sold a billion... just to make sure you know you >>>>>>>> don't matter... >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> On 5/17/16 7:45 AM, CBB - Jay Fuller wrote: >>>>>>>> >>>>>>>> I heard burkshire just bought a billion worth of apple yesterday.... >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> ----- Original Message ----- >>>>>>>> >>>>>>>> *From:* Travis Johnson >>>>>>>> >>>>>>>> *To:* af@afmug.com >>>>>>>> >>>>>>>> *Sent:* Tuesday, May 17, 2016 9:23 AM >>>>>>>> >>>>>>>> *Subject:* [AFMUG] GPRO stock >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> Hey... if anyone is looking for a 4-5 month stock with the >>>>>>>> possibility >>>>>>>> of a 50% return, you should take a look at GPRO. It's a great buy >>>>>>>> right >>>>>>>> now and I personally think it will hit $14-$15 again within the >>>>>>>> next six >>>>>>>> months. :) >>>>>>>> >>>>>>>> Travis >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>
