I'm so old I Remember when:

I remember when we went off the Gold Standard. I think Charles De Gaule was their head of state at that time and demanded that France get gold in payment for all the paper dollars in France. I think the going price for gold then was $35 a Troy ounce. That I'm not positive but is what I can remember now.
You are correct. The dumbest thing Nixon did was take us off the Gold standard and recognize the wrong China. IMHO
 
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