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2 results for “Nixon shock 1971” in History
History · 14 July 2026
The Gold Standard: How a Soft Yellow Metal Became Money
…de gold a wholesale settlement asset between states rather than a coin in a pocket. · The 1971 suspension of dollar convertibility ended official convertibility but not gold's role as a reserve asset. · Why was gold chosen as money instead of other metals? Gold does not corrode,…
Marguerite Adler · 14 min read
History · 9 August 2026
The Hoard Problem: What Buried Gold Actually Tells Us
A field of gold torcs and coins is a spectacular find and a treacherous document. The people who buried it were not writing to us, and the reasons they had for putting it in the ground are exactly wha…
Marguerite Adler · 16 min read
