Frank asked:
1970, Nixon shut down the Bretton Woods System, making gold soar dramically from less than $40 to more than $600 per ounce in less than 1 year. As of now, gold can be purchased from $700-$800 per ounce.
1970, Nixon shut down the Bretton Woods System, making gold soar dramically from less than $40 to more than $600 per ounce in less than 1 year. As of now, gold can be purchased from $700-$800 per ounce.
I know things change and prices are always increasing, but never at such an extrememly high rate as what I just stated above. In comparison to silver, it can be purchased at around $13-14 per ounce.
Tags: Bretton Woods System, Ounce, Price Of Gold
