Posts with tag history-of-gold

History Lane

Bob Rinear, August 4 2021

Yes friends, let’s take a walk down history lane. 50 years back to be exact. Because 50 years ago this month, President Nixon “closed” the Gold window to the world, basically defaulting on our promises to always back the US dollar with some amount of gold. 

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Why Gold, Not Sand?

Bob Rinear, August 7 2021

On Wednesday, I had written an article about how 50 years back, Nixon removed us from the Gold standard, and how we turned from being a currency backed by Gold, to a currency that was ONLY in demand, because we had a deal with the house of Saud that oil could only be purchased with US Dollars.

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2 posts with tag history-of-gold online