top of page
Stacking News/Blog
Search
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
India Hikes Gold & Silver Duty to 15%, Drops LBMA Benchmark & Modi Says “Don’t Buy Gold for a Year” — Is 1968 Repeating? What this means for Silver & Gold Stacking!
India dropped the LBMA benchmark, faced a major paperwork delay on imports, Modi urged citizens not to buy gold, hiked duties to 15%, and introduced strict new rules. Is history rhyming with 1968?
International Stacker
May 14
bottom of page