Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

The Long Road to Freegold

IMG Auteur
 
Published : August 15th, 2011
401 words - Reading time : 1 - 1 minutes
( 3 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

 

 

 

 



On this, the 40th anniversary of the Nixon Shock, you will probably see the video below of Nixon closing the gold window at some of your favorite sites. Most will call it a crime for the purpose of promoting their expectation of justice defined as turning back the clock to the old gold standard. But it may be more instructive to think about this momentous occasion, 40 years ago today, as one of the many necessaryyet painfulsteps on the long road to Freegold. So I thought I'd present this same video in a more appropriate context.

Please take the time to understand FOFOA's dilemma if you'd like to grasp the importance and significance of the long-line Trail exhibited below:

FOFOA's dilemma: When a single medium is used as both store of value and medium of exchange it leads to a conflict between debtors and savers. FOFOA's dilemma holds true for both gold and fiat, the solution being Freegold, which incidentally also resolves Triffin's dilemma.
__________________________________________________________

The Last Gasp of the Failed Scheme of Government Price-Controlled Bimetallism – 1896



The Last Gasp of the subsequent Gold Standard – 1933



FDR explains the Bank Holiday – 1933



FDR explains the new US gold scheme – 1933



Birth of the new Bretton Woods Gold Price-Fixing Scheme – 1944



Charles de Gaulle foretells a Bretton Woods gold price-fixing scheme crisis – 1965



Nixon closes the US Gold Window – August 15, 1971



The Euro-Freegold project launches after decades of planning – 1999-2002



Tuesday, January 1, 2002 - Launch of euro notes and coins
Friday, February 8, 2002 - GOLD ABOVE $300
Monday, December 1, 2003 - GOLD ABOVE $400
Thursday December 1, 2005 - GOLD ABOVE $500
Monday, April 17, 2006 - GOLD ABOVE $600
Tuesday, May 9, 2006 - GOLD ABOVE $700
Friday, November 2, 2007 - GOLD ABOVE $800
Monday, January 14, 2008 - GOLD ABOVE $900
Monday, March 17, 2008 - GOLD ABOVE $1000
Monday, November 9, 2009 - GOLD ABOVE $1100
Tuesday, December 1, 2009 - GOLD ABOVE $1200
Tuesday, September 28, 2010 - GOLD ABOVE $1300
Wednesday, November 9, 2010 - GOLD ABOVE $1400
Wednesday, April 20, 2011 - GOLD ABOVE $1500
Monday, July 18, 2011 - GOLD ABOVE $1600
Monday, August 8, 2011 - GOLD ABOVE $1700

Happy Anniversary!



FOFOA

FOFOA is A Tribute to the Thoughts of Another and his Friend

 

Donations are most appreciated, just click here

 

 

 

 

Companies Mentionned : Gold |
<< Previous article
Rate : Average :5 (3 votes)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
BP plc(Ngas-Oil)BP
PRESS DIGEST- British Business - April 27
US$ 43.46-0.32%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
PRESS DIGEST- Financial Times - April 27
US$ 43.46-0.32%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
UK government would oppose any takeover of BP: FT
US$ 43.46-0.32%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
UK government would oppose any takeover of BP -FT
US$ 43.46-0.32%Trend Power :
Corporate news
Enbridge Energy(Ngas-Oil)EEP
Enbridge seeks replacement pipeline in Minnesota
US$ 37.83+1.01%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
War Haunts Russia's Southern Fringe, Putting Pipelines at Risk
US$ 43.46-0.32%Trend Power :
Corporate news
American SuperconductorAMSC
9:05 am American Superconductor priced its underwritten public offering of 4 mln shares of its common stock at $6.00 per share
US$ 6.88-31.20%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
Consumer Price Rise for March Evokes Mixed Feelings
US$ 43.46-0.32%Trend Power :
Corporate news
American SuperconductorAMSC
Nasdaq stocks posting largest percentage decreases
US$ 6.88-31.20%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
Final Glance: Oil companies
US$ 43.46-0.32%Trend Power :
Corporate news
Comments closed