The 1971 Nixon Shock and the End of the Gold Standard
Three days at Camp David that ended a 2,500-year link between currency and metal.
Three days at Camp David that ended a 2,500-year link between currency and metal.
How 730 delegates in a New Hampshire hotel designed the monetary system of the second half of the 20th century.
In April 1933, Roosevelt outlawed private gold ownership. The repercussions echo through monetary debates today.
How a discovery at Sutter's Mill triggered the fastest demographic and monetary expansion in US history.
How successive emperors quietly stole from their own coinage and what it cost the empire.
How a small kingdom in western Anatolia struck the first coins and changed economic history.
Nixon's televised announcement closed the gold window and ended Bretton Woods. The repricing that followed reshaped global finance for the next half-century.
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.