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Part 2: India’s Silver Crackdown – Licenses Now Required After LBMA Exit & 15% Duty Hike – Is 1968 Repeating? Is Silver Stacking Threatened?
India just moved silver imports to the “restricted” category requiring government licenses. After dropping the LBMA benchmark and hiking duties to 15%, the controls are expanding fast. Is this 1968 all over again?
International Stacker
May 18
50 Historical Events That Changed Gold and Silver Prices Forever - Second Part
Chapter V: The Fiat Era and the Great Bull Market 38. The Nixon Shock of 1971 Ended Dollar Convertibility into Gold On August 15, 1971, President Richard Nixon suspended the conversion of foreign official dollar holdings into gold. The decision effectively closed the gold window and ended the central mechanism of Bretton Woods. Gold’s annual average price was approximately $40.80 in 1971. It averaged around $58 in 1972, exceeded $97 in 1973, and averaged roughly $159 in 1974.
International Stacker
May 15
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