Off Gold
Off Gold. A wholesale grocer in Liverpool in September 1931. On Monday the 21st the Bank of England stopped selling gold for pounds, and by Christmas a pound…
Sterling floats. The dollar price does not.
A wholesale grocer in Liverpool in September 1931. On Monday the 21st the Bank of England stopped selling gold for pounds, and by Christmas a pound buys about a third fewer dollars. Your American flour, tinned fruit and lard are bought in dollars and sold to shops at prices agreed a month ago.
- Starts
- September 1931
- Length
- 18 months
- Difficulty
- Medium
- Scored on
- Still trading at the end
- Business
- Wholesale & Distribution
Related scenarios
- The Winter of Discontent: Rubbish in the streets. Beer in the cellar.
- Black Wednesday: Fifteen per cent. By lunchtime.
- The Superstore Opens: Free parking. Open till eight.
- Eighteen Months to the Crash: Eyeballs now. Profits later.