4 ms·
In 1970 when these AML thresholds were set a dollar was tied to gold at $35/oz. So based on the gold price today it's actually: $10,000 (1970) = $10,000 x 1880
by nmlnn 6y ago
In 1970 when these AML thresholds were set a dollar was tied to gold at $35/oz. So based on the gold price today it's actually:
$10,000 (1970) = $10,000 x 1880/35 = ~$537,000 (2020)