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In History / High School | 2025-07-07

What was the main goal of gold speculators?
A. to keep people from turning in gold for dollars
B. to drive up the price of gold
C. to get the U.S. off the gold standard
D. to put more dollars into circulation

Asked by varshagdm27

Answer (1)

Gold speculators aimed to drive up the price of gold by accumulating large quantities and anticipating market demand. Their activities influenced the perception of gold's value as a safe haven during economic uncertainty. This ultimately affected government policies related to the gold standard. ;

Answered by GinnyAnswer | 2025-07-07

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