American Eagles’ Historic Rise to the Gold Standard for Investor
Twenty years before the 1933 criminalization of gold, a few influential banking insiders secretly met for the infamous “duck hunting” trip to Jekyll Island, where the plans for the federal reserve system were formulated. J.P. Morgan, arguably the most powerful banker of the era, lobbied for a central banking system to provide liquidity, coined as “elastic currency,” for fueling banking growth and profitability.