3 ms·
Reminder that owning gold before that time was illegal in the USA. So it's not like gold was a free market under US executive order 6102. Nixon largely was jus
by dragontamer 5y ago
Reminder that owning gold before that time was illegal in the USA. So it's not like gold was a free market under US executive order 6102.
Nixon largely was just admitting the truth, that gold / dollar was no longer connected. By removing the dollar/gold peg, US citizens were allowed to own gold again.
Goldbugs we're literally illegal before that so it seems really odd to demonize that point in history. The true evil to the history of gold was Roosevelt order 6102, if you really wanted to be historical about it.