50-Year Anniversary Of Gold Standard Gone - Dollar Debased
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the US dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies.
00:15:17
Disclosure: I've Been Helping My Members weather the economic mess for over 20 years. Now I invite you to join my growing circle of successful investors and the 15,000-plus members we've ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
