All That Talk About Gold- TIME magazine 1981


…….Richard Nixon ended the last links between the dollar and gold on Aug. 15, 1971, when he said that the U.S. would no longer exchange American gold for dollars held by foreign central banks. But since that time, inflation and interest rates have reached unimaginable levels, stirring longings for a return to the golden days of yesteryear, when the dollar’s value was determined not by man-made policies in Washington but by how much gold it could buy.

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