3 ms·
Except the UK Treasury fixed the price of gold at £3.17s10.5d in 1717 and the price didn't change for ~200 years until the UK left the gold standard in 1931. So
by saretired 12y ago
Except the UK Treasury fixed the price of gold at £3.17s10.5d in 1717 and the price didn't change for ~200 years until the UK left the gold standard in 1931. So, zero compounding for 211 years.
The fixed price was set by Newton, btw.