
The Gold Bullion Price & Where The Gold Goes
Before the 1930s the worlds currency, and pretty much any good or service that was bought or sold, was judged against gold – the gold standard. So rather than comparing the Japanese Yen to the US Dollar, both were compared to how much gold they were worth. The Great Depression in the 1920s really saw the end of the gold standard. Read here: https://www.investopedia.com/ask/answers/09/gold-standard.asp
Then in the 1930s it became illegal in America for a member of the public to actually own gold bullion. The idea of stuffing a mattress full of cash may not have been so farfetched – the economy was suffering and anyone who held gold in a physical format was meant to hand it in to the American government for a cash payout. Although likely a certain amount would have been converted into jewe...






