What Would Happen If We Returned to the Gold Standard?
When you purchase through link on our web site , we may realise an affiliate commission . Here ’s how it works . Among the many factions of Americans who conceive the country is headed in the ill-timed steering , one fervent group trace its wrong turn back to Aug. 15 , 1971 . On that day , President Nixon eliminated the gold standard — a monetary system in which dollars were back by and could be convert for a fixed amount of gold ....