Thread
Britain:
1949 pound devalued overnight.
Gold doubled in pound terms.
Lost reserve currency crown to US dollar.
Replies (1)
USA:
1944 Bretton Woods placed dollar king, pegged to gold at $35.
1971 Nixon broke peg amid overspending.
Gold exploded 20X.
Now, gold doubled again in 24 months. $2,000 to $4,000+
Not gold rising, dollar shrinking.