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Monday, April 21st, 2014 - The Gold Economy - Bringing you trusted gold news and gold investing information since 2006

Archive for the 'Gold History' Category

40 Years Ago Greenback Divorced Gold as Nixon Dropped the Bombshell


Some financial analysts have suggested that it is about time to get back to gold standard that was severed 40 years ago in mid-August 1971. John Tamny of Real Clear Markets while discussing with Jared Bernstein, the CNBC contributor on whether the United States should return back to gold standard observed that severing dollar links with gold was a monumental blunder and the biggest mistake of modern times. John further said that the decision of President Richard Nixon to sever the final link of the US dollar to gold was a devaluation of the dollar and history… Continue┬áreading

California and The Gold Rush

In January 1848, James Marshall was overseeing the building of a saw mill for his boss, when he saw an unusual rock glinting in the upturned earth. Continue reading




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