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Gold Surges $100 to New Record High Above $4,300 as Bond Yields Dive
by Mish Shedlock, Mish Talk: Gold reiterates its message: Spending is out of control with no faith in the Fed. Gold vs. Faith in Central Banks Major Timeline August 15, 1971: Nixon ended convertibility of gold at the then fixed price of $35.00 per ounce. Nixon’s actions allowed the Fed and Congress to inflate at […]
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