On Wed, Aug 15, 2001 at 08:07:24PM -0400, James M. Ray wrote:
Thirty years ago, today? (Among other places) the answer is in
an interesting WSJ editorial titled Theory vs. Reality, and unlike
my last question, this one's not too...um...Tricky.
A gram to the first correct answer posted to
On Sunday, August 15, 1971, Richard Nixon and his advisors met at Camp
David and agreed on a plan to solve the monetary crisis. It included a 13%
devaluation against gold and a total closing of the gold window, which
meant no central bank could get gold from the Treasury. As this was
supposed to
Um, paragraph 11... (Tricky Dick!)
Regards,
Chris
www.GoldenGrams.com
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At 07:51 PM -0500 08/15/2001, Eve wrote:
On August 15, 1971, the world entered the first era in its history in which
no circulating paper anywhere was redeemable in Gold by anyone. On that
date, U.S. President Richard Nixon closed the Gold window.
That was the answer I was looking for
