The London Gold Pool was the pooling of gold reserves by a group of eight central banks in the United States and seven European countries that agreed on 1 November 1961 to cooperate in maintaining the Bretton Woods System of fixed-rate convertible currencies and defending a gold price of US$35 per troy ounce by interventions in the London gold market.
The central banks coordinated concerted methods of gold sales to balance spikes in the market price of gold as determined by the London morning gold fixing while buying gold on price weaknesses. The United States provided 50% of the required gold supply for sale. The price controls were successful for six years until the system became unworkable. The pegged price of gold was too low, and after runs on gold, the British pound, and the US dollar occurred, France decided to withdraw from the pool. The London Gold Pool collapsed in March 1968.
The London Gold Pool controls were followed with an effort to suppress the gold price with a two-tier system of official exchange and open market transactions, but this gold window collapsed in 1971 with the Nixon Shock, and resulted in the onset of the gold bull market which saw the price of gold appreciate rapidly to US$850 in 1980.
The LondonGoldPool was the pooling of gold reserves by a group of eight central banks in the United States and seven European countries that agreed on...
The LondonGold Fixing (or Gold Fix) is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the...
Large jumps in the market price 1960 lead to the creation of the LondonGoldPool. Starting in the 1959–1969 administration of President Charles de Gaulle...
and to exert control over the exchange rate of gold, the United States initiated the LondonGoldPool and the General Agreements to Borrow (GAB) in 1961...
collaborator Nigel Godrich. Radiohead recorded A Moon Shaped Pool in RAK Studios in London, their studio in Oxford, and the La Fabrique studio in Saint-Rémy-de-Provence...
The London bullion market is a wholesale over-the-counter market for the trading of gold, silver, platinum and palladium. Trading is conducted amongst...
1924. London later became the first city to host the Olympics for a third time when the city hosted the 2012 Summer Olympics. Lord Burghley, a gold medal...
conversion of dollars to gold with a series of "gentlemanly" agreements and other policies – which included the LondonGoldPool - but these actions were...
pool of US and European banks agreed to manipulate the market to prevent further currency devaluation against increased gold demand. The largest gold...
risk). Banks may issue gold certificates for gold that is allocated (fully reserved) or unallocated (pooled). Unallocated gold certificates are a form...
help the recovery of world trade. Gold standard LondonGoldPool Harris, Max (2021). Monetary War and Peace: London, Washington, Paris, and the Tripartite...
increasingly overvalued in the 1960s. The drain on US gold reserves culminated with the LondonGoldPool collapse in March 1968. On August 15, 1971, US President...
The London Conference on Nazi Gold was an international conference held in London in December 1997. Representatives of 41 nations participated in the...
Summer Olympics were held in a 100-metre pool surrounded by an athletics track in the White City Stadium in London. Races are held in four swimming categories:...
non-statutory bank holiday, allowing the government to suspend the LondonGoldPool to stem the losses being suffered by the pound sterling. George Brown...
requested that trading on the LondonGold Market be suspended, and the market was temporarily closed the next day. The London "goldpool" would be closed permanently...
than London. London was devastated by his father's letter; in the months following, he quit school at Berkeley and went to the Klondike during the gold rush...
Allison Fisher MBE (born 24 February 1968) is an English professional pool and former professional snooker player. Fisher was born on 24 February 1968...
The Dead Pool is a 1988 American neo-noir action thriller film directed by Buddy Van Horn, written by Steve Sharon, and starring Clint Eastwood as Inspector...
contested in a 50 m long course pool within the Olympic Park. The United States claimed a total of 31 medals (16 golds, 9 silver, and 6 bronze) in the...
Summer Olympics in London, Phelps won four gold and two silver medals, and at the 2016 Summer Olympics in Rio de Janeiro, he won five gold medals and one...
for her two world record-breaking performances and four gold medals. On the first day of the pool competition and her first event the 4×100-meter freestyle...
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