8) The government held the $35 per ounce price until August 15, 1971, when…

8) The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. The bitcoin article shows what happened next https://t.co/LoSwz7uFwJ