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How Gold Has Measured Currency Performance…since 1971, when it became a ‘barbarous relic’
Tuesday, September 25, 2012 7:21
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In 1971 President Nixon closed the window that allowed U.S. dollars to be sold for gold owned by the U.S. Just before that, the price of gold was $35 an ounce. Since then gold has been called a ‘barbarous relic’, a term used by Keynes, the famous economist. Continue reading
2012-09-25 07:10:01
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