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Illya Gerasymchuk
Engineering & Finance

How USA Profited 70% On Gold In 1 Year

In 1933, the U.S. government purchased gold at $20.67/oz. In 1934, gold was valued at $35/oz, or ≈70% higher!

How did they do it? Easy:

1️⃣ Force public to liquidate gold at $20.67/oz
2️⃣ Raise the official gold price to $35/oz
3️⃣ Instant 70% profit 😄

Had the United States citizens not surrendered their gold in 1933 (which would be illegal to do!), they would be 70% richer just a year later. Instead, that wealth was forcefully transferred to the government, and the people who surrendered their gold became 40% poorer just a year later.

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