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The 1970s were arguably the most spectacular decade in modern gold history | N18S
The 1970s were arguably the most spectacular decade in modern gold history. The key point is that gold went from being essentially a fixed-price monetary asset to a freely traded asset, and then exploded. What triggered it? 1. Nixon ended the dollar-gold link — 1971 Under Bretton Woods, gold was effectively fixed at $35/oz. In August 1971 ...
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