ANSWERS: 1
  • The government no longer sets the value of gold. The free market does that. Example: Market price of gold is $1,000 per ounce. Government tries to "SET" the price at $2,000 per ounce. People who want to buy gold buy it somewhere else like Switzerland for $1,000 per ounce. Someone who owns gold offers it for sale at the "SET" price of $2,000. No one offers $2,000 per ounce.

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