The system dissolved between 1968 and 1973. In August 1971, U.S. President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. While the dollar had struggled ...

In the decades after President Richard Nixon abandoned the gold standard in 1971, the yellow metal fell out of favour with central banks, which hoarded their reserves in dollars instead.

He blames the dollar’s present position on decisions taken many years ago, the primary one being President Nixon’s decision ...

Eventually, that agreement would be ditched by President Nixon in 1971 when the U.S. moved off the gold standard. Now, new builders are attempting to enact new economic paradigms using Bitcoin at ...