Abstract
Five men met this morning for 27 minutes and told the world the price of gold here. They’ve been doing it for years, they said. And it didn’t matter that the world gold market was in a state of flux, rising from the United States peg — $35 an ounce — all the way to $41 an ounce in yesterday’s feverish trading. The five men, impeccably attired in dull gray and black, assembled at Rothschild’s, around an austere table in the financial district.
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© 2013 Rachel Harvey
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Harvey, R. (2013). Market Status/Status Markets: The London Gold Fixing in the Bretton Woods Era. In: Bott, S. (eds) The Global Gold Market and the International Monetary System from the late 19th Century to the Present. Palgrave Macmillan, London. https://doi.org/10.1057/9781137306715_9
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DOI: https://doi.org/10.1057/9781137306715_9
Publisher Name: Palgrave Macmillan, London
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