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
Um, paragraph 11... (Tricky Dick!)
Regards,
Chris
www.GoldenGrams.com
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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 b
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
