Grass Valley; a town located in the northern region of California, has a rich gold mining past, with mines such as the Idaho-Maryland Mine that were dug during the California gold rush. Rise Gold, a mining company that purchased the Idaho-Maryland mine in 2017, believes that the precious metal still exists in the abandoned mine. The company plans to reopen the mine, which was shut down in 1956 because of economic policy.
The Bretton Woods Agreement of 1944 established a global monetary system to create stability in exchange rates, which fixed the price of gold at $35 an ounce. This move made the mining of the…
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