August 15, 1971: The Day the Dollar Stopped Being Gold
Nixon's televised announcement closed the gold window and ended Bretton Woods. The repricing that followed reshaped global finance for the next half-century.
May 8, 2026
Nixon's televised announcement closed the gold window and ended Bretton Woods. The repricing that followed reshaped global finance for the next half-century.
Where does the world's gold actually sit, and who guards it? A tour through London, New York, Switzerland and Kentucky reveals an industry few investors fully understand.
Every day at 3pm London time, a small group of banks settle a benchmark that prices billions in gold contracts. Here is how the LBMA Gold Price really works.
Gold went from $35 to $850 in nine years while CPI averaged 7.4%. The decade is still the most-cited template for hard-asset allocation. Here is what really happened.