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<h1 class="entry-title">Tag: Nixon</h1>
07 Dec
bear markets

Gold as a Safe Haven in a Bear Stock Market: It’s Déjà Vu All Over Again

Déjà Vu (noun):1) a feeling that one has seen or heard something before.2) something overly or unpleasantly familiar. The headline of The Drudge Report December 4, 2018 screamed“DOW DIVE.  FEAR, SLOWING ECONOMY.  BANK STOCKS FLASHING.” The thing is, we had already seen a lot of these gut-check plunges in 2018:  October 9, off 678 points; […]

21 Aug
Nixon Closes the Gold Standard

45-Year Anniversary of Fiat Currency Replacing Gold

Just Over 45 Years Ago the U.S. Left the Gold Standard – What Has Happened Since? We just passed the 45-year anniversary of fiat currency replacing gold. 45 years ago – August 15, 1971 – President Nixon declared the end of the United States’s decades long, gold backed monetary system and replaced it with the current […]