August 15 2011, 40th Anniversary Of Nixon Ending Gold Standard

Dear PGM Capital blog readers, Today August 15th 2011, is the 40th anniversary of President Nixon’s ending the Gold Standard and the end of the Bretton Woods international monetary system and the creation of modern FIAT currency. Nixon based his decision on the fact that too much gold was leaving the USA because France’s president Charles de Gaulle was reducing France’s[…]