WASHINGTON - Rep. Ron Paul remembers the day he was transformed from a mild-mannered physician into the feisty political Nostradamus of the Republican Party. It was the evening of Aug. 15, 1971. Then-President Richard Nixon announced that he was taking the United States off the gold standard, which had anchored the dollar based on a fixed amount of the precious metal.
... the price of the dollar at $35 per ounce of gold, freely buying gold from, and selling gold to, off..., the world switched to a de facto dollar standard." (2) . * Following a sharp rise in the U.S. balan...dollar, President Richard Nixon ended U.S. gold outflows in August 1971 by announc...
.... Off the Gold Standard . YOU KNOW THIS: For more than a century, the U.S.... gold standard until 1971, when President Nixon announced that the U.S. would no longer redeem cur...
Diversify your portfolio into real assets as these cannot be printed like monopoly money. MONOPOLY was invented in 1934 as a game of property investing and developing. It has become one of the most popular board games in history.
...President Nixon issued an executive order decoupling the US dollarr from gold and the US dollar was now Monopoly money. Other co... Nixon's decree and abandoned the gold standard. They were told that if they refused to abandon th...
... far down the road to go back to the gold standard. This will move us toward an alternative currency,...President Richard Nixon formally abandoned the gold standard in 1971. . ...
...How? Well, by bringing back the gold standard of course. . There's no better place to see just h... Fed, he devotes a long passage to Richard Nixon's decision in August 1971 to close the gold window...
The Utah Legislature on Thursday passed a bill allowing gold and silver coins to be used as legal tender in the state and for the value of their precious metal, not just the face value of the coins. State backers said they hope the move will help insulate Utah from a potential monetary slide as countries question the value of the dollar. Others, casting their eye nationwide, said it could spur a broader move by Congress or states to readopt a gold standard.
... for much of the 20th century, but President Nixon finally decoupled the U.S. money supply from gold ...
SALT LAKE CITY (AP) -- Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold. To make that point, they've turned it around and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.
...His idea isn't to return to the gold standard, when the dollar was backed by gold. "We're too fa...In 1971, President Richard Nixon formally abandoned the gold standard. Fifteen year...
Be like an eagle and soar above the dark clouds of volatility and uncertainty in the market to search for opportunity. IN THE current environment, there is extreme fear and uncertainty among retail investors and the public. This has been stirred up by the news flows on CNBC, CNN, Bloomberg, stock market newsletters and numerous stockbroker reports.
..., Dr Janice Dorn a famous psychiatrist and gold trader relates that FEAR = False Expectation Appea...The US Dollar, since 1971 when President Nixon took the US off the gold standard, has lost over 9...
Practically everybody in town knows Doug Bumgardner, iconic proprietor of Kanawha Coin and Relics on Brawley Walkway. Hes the king of collectibles, a wheeler-dealer in gold and silver, buyer and seller of jewelry, swords, stamps, war souvenirs, coal mine scrip, pocket knives, fountain pens and you-name-it et ceteras. Last month, he turned 83. He lived another life before the coin business. He earned a philosophy degree, a seminary diploma, taught public school and worked for Morris Harvey College (now the University of Charleston) as dean of men and manager of the new student union, among other titles. In 1962, he started the coin business as a retirement hobby for his father. Some days, they made a dollar. Some days, nothing. Today, ever watchful of fluctuating gold and silver prices, ...
..."In 1971, Nixon took us off the gold standard at $35 an ounce and ...
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