The 50th Anniversary of the Nixon Shock

On August 15, 1971, President Richard Nixon suspended the convertibility of the US Dollar into gold, effectively ending the Bretton Woods Agreement that had been put in place after WW2 to stabilize the postwar economy. Host Ed Coyne is joined by Jim Grant, founder and editor of Grant’s Interest Rate Observer to look back at this significant event in monetary history. In this lively conversation Jim and Ed dig into how it came about, Nixon’s motivations and where we are today fifty years into the fiat currency era. 

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Are you interested in precious metals investing? Host Ed Coyne interviews members of the Sprott Gold Team and industry professionals to better understand today’s investing landscape for precious metals. Join us to learn more about gold, silver, gold equities, and how precious metals can fit into a modern portfolio. This material should not by copied, distributed, published or reproduced whole or in part.The information contained in this material does not constitute research or recommendation from any Sprott entity to the listener. Neither Sprott nor any of its affiliates make any representation or warranty as to the accuracy or completeness of the statements or any information contained in this material, and any liability therefore including in respect of direct, indirect, or consequential loss or damage is expressly disclaimed.The views expressed in this material are not necessarily those of Sprott and Sprott is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this material. In addition, the receipt of this material by any listener is not to be taken as constituting the giving of investment advice by Sprott to that listener, nor to constitute such person a client of any Sprott entity. Past performance is no indication of future results.