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  2. Executive Order 6102 - Wikipedia

    en.wikipedia.org/wiki/Executive_Order_6102

    Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $487 in 2023) [6] per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed ...

  3. Gold Reserve Act - Wikipedia

    en.wikipedia.org/wiki/Gold_Reserve_Act

    After the act of 1934, deflation, which would sometimes be as great as −10.5% in the bust of 1921 (which was preceded by over 14% inflation for 4 consecutive years immediately prior to 1921), would never again drop below −2.1%. Before 1934, from 1914 to 1934, inflation was a (geometric) average of 1.37% per year. After 1934, from 1934 until ...

  4. Luxottica - Wikipedia

    en.wikipedia.org/wiki/Luxottica

    Luxottica Group S.p.A. is an Italian eyewear conglomerate based in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands all through its own subsidiaries. The company, presently organized as a subsidiary of EssilorLuxottica which formed when the Italian conglomerate merged with ...

  5. Gold as an investment - Wikipedia

    en.wikipedia.org/wiki/Gold_as_an_investment

    Gold as an investment. A Good Delivery bar, the standard for trade in the major international gold markets. Size of a 100 gram gold bar - packaged inside an assay for proof of authenticity - compared to a playing card. Of all the precious metals, gold is the most popular as an investment.

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  7. Credit default swap - Wikipedia

    en.wikipedia.org/wiki/Credit_default_swap

    Therefore, over the two years the hedge fund pays the bank 2 * 5% * $10 million = $1 million, but receives 1 * 15% * $10 million = $1.5 million, giving a total profit of $500,000. In another scenario, after one year the market now considers Risky much less likely to default, so its CDS spread has tightened from 500 to 250 basis points.

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