10-11-2021, 05:01 PM
(10-11-2021, 02:46 PM)Kenzo Wrote: Wowit goes up like rocket...
And don't forget, in 1971, President Richard Nixon separated the dollar's economic value from gold too.
Odd really considering in the United States at the time, it was illegal for US citizens to hold gold between until 1974 due
'problems' during the Great Depression.
Up to 1944 -when The Bretton Woods Agreement was accepted as international monetary system, the US controlled
two thirds of the world’s gold.
By the way, in the 1971 -four months before President Nixon's reversal of the Bretton Woods agreement, the United
Kingdom also lifted all restrictions on gold ownership.
This must've had an effect.
Edith Head Gives Good Wardrobe.