- Jul 5, 2014
- North Shore, MA
Yeah, I misread, holy shit!
Those mint prices I posted are today prices not 1970's. It is the newest increase from the US Mint. I believe you miss read.
Hmm, seems different sites post different info. And some obviously wrong like the Nixon in 1976 info I quoted. It's a confusing period of time. I think it's funny one of the articles described how the US required Americans to sell their gold back to the government at like $15/oz, and the next year raised the price of gold to $35. Suckers.Nixon created a fiat currency in 1971. The US stopped paying gold for dollars at the fixed rate. The chart enclosed in that article shows the London PM fixed prices of gold. Dec 31 fix I believe. The US relied on the London price from 1971 on. It continued to pay out gold for dollars at the London price until it ended it totally in 1973.
Nixon was gone for 2 years by 1976.