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.
The reef that built Johannesburg, financed an empire, and reshaped southern Africa.
How a discovery at Sutter's Mill triggered the fastest demographic and monetary expansion in US history.
How a few hundred conquistadors triggered the largest precious-metals shock in early modern 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.
In March 2008, platinum traded above $2,300 per ounce, a record that still stands. The collapse that followed teaches more about the metal than the rally itself.
Bunker and Herbert Hunt nearly cornered silver in 1980, drove the price to $50, and watched it implode in days. The fallout still influences exchange rules and trader psychology today.