Since August 15, 1971, the US dollar has been completely severed from gold. President Richard Nixon suspended the most important component of the Bretton Woods system, which had been in effect since the end of World War II.
Fifty years ago, on August 15, 1971, President Richard Nixon announced that the U.S. government would cease honoring its pledge to pay gold to redeem the dollars held by foreign central banks.
When it comes to precious metals investing, gold tends to hog the spotlight. But silver is also important to investors, both as an industrial and a monetary metal.
On August 15, 1971, the last remains of what had been a magnificent monetary system died a terrible death, and the American academic, political, business, and media elites led the cheers.
Gold flash crashed over the weekend plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50 before making a decent recovery currently sitting at $1,730.
This month is the fiftieth anniversary of the Nixon shock, when the Bretton Woods agreement was suspended. And the expansion of commercial banking into credit for purely financial activities became central to the promotion of the dollar as the intern
On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Tru
Welcome. GoldFix is original content. The goal is to give you, the reader, some basis for looking at markets as you prepare your own trading day. Second, it aims to give you more tools, or at least the basis for developing your own tools to navigate
On today's episode of GoldCore TV, Patrick Karim of NorthStarBadCharts.com joins Dave Russell for our monthly look at the charts. They discuss the long-term and short-term chart patterns in the gold, stocks, and cryptocurrency markets but mostly they
• https://www.zerohedge.com, By Variant Perception
The long-term case for gold remains intact. The ratio of total US M1 (adjusted for the recent savings deposit re-classification) to gold has continued to surge higher, showing the underlying trend remains bullish.
Since the start of the SilverSqueeze in late January 2021, the Sprott closed-end fund PSLV has now purchased +58 million oz of silver bullion, increasing from approximately the fund's holdings from 90 million oz (Jan 2021) to the recent total of over
On April 5, 1933, under the pretext of a national emergency, President Franklin D. Roosevelt issued Executive Order 6102, making it illegal for U.S. citizens to own gold.
One of the big stories over the last year had been the spike in lumber prices. We wrote about that last month (Wood Versus Wood), noting that the performance of the iShares Global Timber & Forestry ETF (WOOD) was starting to intersect with that of Ca
Having been slapped in the face by an unemployed fan of medieval swordsmanship who said he is a right-wing sympathiser yesterday, French President Macron was back at work today, making headlines in his latest press conference.
SBTV spoke with Rick Rule, President and CEO of Rule Investment Media, about how the best gold-backed tokens built on the promising distributed ledger technology could bring back gold and silver as money.