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Question
- what was the main goal of gold speculators?
to put more dollars into circulation
to get the u.s. off the gold standard
to drive up the price of gold
to keep people from turning in gold for dollars
Gold speculators aim to profit from changes in gold prices. Their main goal is to drive up the price of gold so they can sell at a higher price and make a profit. The other options don't align with the typical motives of speculators: putting more dollars in circulation is not their focus, getting the U.S. off the gold standard is not a speculator's main goal, and keeping people from turning in gold for dollars is not related to their profit - seeking motive.
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C. to drive up the price of gold