It's been exactly 54 years today... On August 15, 1971, President Nixon appeared on television and declared, "The dollar will no longer be convertible into gold." At that moment, the world economy's settings literally shifted. Every dollar used to be backed by a small amount of gold; now, all that remained was trust (!). This event is known as the "Nixon Shock." With the ties to gold severed, the currency's value became a matter of faith. It sounds complicated, but we can actually think of it this way: The dollar was married to gold, and Nixon filed for divorce.

EVERY-0.24%
THINK-8.27%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
Asiftahsinvip
· 08-16 01:24
Thank you so much for the information
Reply0
Ybaservip
· 08-15 19:49
Buy To Earn 💎
Reply0
AYLIN1234vip
· 08-15 11:25
Buy To Earn 💎
Reply0
AYLIN1234vip
· 08-15 11:25
Watching Closely 🔍
Reply0
AYLIN1234vip
· 08-15 11:25
Ape In 🚀
Reply0
AYLIN1234vip
· 08-15 11:25
HODL Tight 💪
Reply0
Sakura_3434vip
· 08-15 08:52
thank you for sharing
View OriginalReply0
Discoveryvip
· 08-15 05:19
Thank you, good information.👍👍
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)