Event:
The price of gold reaches a new record after Venezuela's President Hugo Chavez announces plans to nationalize his country's gold industry
More Notable Events on August 17:
1988 Republicans nominate George H. W. Bush for president
1962 Beatles replaces Pete Best with Ringo Starr
1959 7.1 quake strikes Yellowstone National Park
1945 Koreas divided on 38th parallel with U.S. occupying the southern area
1870 1st ascent of Mount Rainier, Washington
