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 1516 min read
High-Volatility Week: Gold & Silver Stacking Amid Major Economic Events!
This week is shaping up to be a volatile week for gold & silver We have a packed calendar: key inflation data from both China and the US, a major Fed leadership transition, a Trump-Xi summit, and ongoing geopolitical tensions in the Middle East and Ukraine. Here’s the complete breakdown every gold and silver stacker should watch closely. This Week’s High-Impact Events Monday China April CPI Inflation Data. Kevin Warsh expected to be confirmed as new Federal Reserve Chair. Tue
International Stacker
May 105 min read
bottom of page