953 nut 64,332 #1 Posted 11 hours ago (edited) March 14, 1900 US currency goes on the gold standard after Congress passes the Currency Act, on April 20, 1933 the gold standard ended. Gold was valued at $ 20.67 an ounce in 1900 and remained at that price until the gold standard was revalued. In 1934 it went to $39.00 and stayed there until 1971 when the gold standard ended. Edited 11 hours ago by 953 nut 4 Share this post Link to post Share on other sites
SylvanLakeWH 30,650 #2 Posted 10 hours ago Golden Pi Day... 2 Share this post Link to post Share on other sites
Ed Kennell 45,043 #3 Posted 9 hours ago As of March 12, 2026, the gold price is $5,181 per ounce. Share this post Link to post Share on other sites
Beap52 2,061 #4 Posted 1 hour ago It seems like that I read in 1933 the federal government made it illegal for individuals to own gold. The price was something like $25 an ounce. Once the gold was in federal hands it raised the value to $35 dollars per ounce effectively devaluing the dollar. Share this post Link to post Share on other sites
