kevin at mpcf.com
Wed Jul 9 11:44:57 CDT 2003
I'm not 100% on this either, but i believe it was 20th century (January 1st, 1980) when the US dollar was no longer officially backed by gold in the Federal Reserves. This spiked the price of gold to $800+/ounce at the time.
On Wed, 09 Jul 2003 10:31:50 -0500
Steve Hatle <shatle at nfldinet.com> wrote:
> I'm not an economist, and only an amateur historian (ancient history) but I
> believe there was a lot of furor in the USA in the 19th century over the
> decoupling of the dollar from gold.
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