gold, page-22710

hi Andy & all,

This was the start of Nixon's decision to withdraw the dollar's gold backing later.
As a matter of interest , the Nixon Government was running out of money due to the financial drag of a prolonged Vietnam War and cutbacks between 1972 until 1975  were primarily the reason for Uncle Sam's capitulation. Please note that Nixon did not have QE at his disposal then !

https://livinginabubbleblog.wordpre...aulle-predicted-a-us-monetary-crisis-in-1965/

mm