Category 4. The End of the Gold Standard (1971)

Gold transition to a free-floating asset marked a turning point in its history, redefining its role in the global financial system. No longer bound by government-mandated price controls, gold entered an era where market dynamics determined its value. This shift,…

The Nixon Shock of 1971 was a watershed moment in global economic history, fundamentally altering the role of gold in international markets. When U.S. President Richard Nixon unilaterally ended the dollar’s convertibility into gold, the move dismantled the Bretton Woods…