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Gold depository at the New York federal reserve in 1959. The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus comple

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More / Bitcoin Reddit 01/09 91 Views

Gold depository at the New York federal reserve in 1959. The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. submitted by /u/Crypto-hercules
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