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0.00% 6.2¢ emmerson resources limited

"Compare to-days gold price to the US$ back in 1985(Gold over...

  1. stelios
    919 Posts.
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    04/08/21
    14:43
    Post #: 55026667
    "Compare to-days gold price to the US$ back in 1985(Gold over US$ 1,800 to the US$ 35)."
    Richard Nixon's August 1971 decision to suspend the convertibility of dollars into gold.
    NEWYou can now listen to Fox News articles!
    PublishedAugust 15, 2011
    Last UpdateMay 7, 2015

    Today we celebrate, or, actually, mourn the 40th anniversary of PresidentRichard Nixon’s taking America, and the world, off the gold standard, making many promises that were promptly broken. (For instance, President Nixon promised that the dollar would retain its full value. It only is worth about

    19 cents today of what it was worth in 1971.)

    Last edited by stelios: 04/08/21
    ERM Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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