🇺🇸🚨 55 YEARS AGO, THE U.S. DOLLAR STOPPED BEING CONVERTIBLE TO GOLD.
And the “temporary” move never got reversed.
On August 15, 1971, President Richard Nixon suspended the dollar’s convertibility into gold.
The idea was presented as temporary.
It became permanent.
Gold was around $35 per ounce at the time.
Today?
🥇 Gold is around $4,383 per ounce.
That’s roughly a 125× increase.
The bigger story isn’t just gold.
It’s what happened to the global monetary system after the dollar was no longer tied directly to a fixed quantity of the metal.
The world moved deeper into a fiat-based financial system.
More flexibility for governments.
More room for monetary expansion.
And a completely different role for gold as a store of value.
55 years later, the question still matters:
Was Nixon’s “temporary” decision one of the most consequential monetary policy moves in modern history?
#Gold #USD #Bitcoin #Inflation #Finance $XAUT $XAU
And the “temporary” move never got reversed.
On August 15, 1971, President Richard Nixon suspended the dollar’s convertibility into gold.
The idea was presented as temporary.
It became permanent.
Gold was around $35 per ounce at the time.
Today?
🥇 Gold is around $4,383 per ounce.
That’s roughly a 125× increase.
The bigger story isn’t just gold.
It’s what happened to the global monetary system after the dollar was no longer tied directly to a fixed quantity of the metal.
The world moved deeper into a fiat-based financial system.
More flexibility for governments.
More room for monetary expansion.
And a completely different role for gold as a store of value.
55 years later, the question still matters:
Was Nixon’s “temporary” decision one of the most consequential monetary policy moves in modern history?
#Gold #USD #Bitcoin #Inflation #Finance $XAUT $XAU