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How Does Politics Influence The Gold Market?
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Gold & Silver Central
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Published 2 months ago

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Wars have been fought over it. Civilizations have come and gone depending on their access to this precious metal.

And until 1971, when President Nixon took the US off the gold standard, all the world’s currencies were backed by it.

Not surprisingly, the US dollar, which had been declining steadily since the end of World War II, dropped sharply soon after the US left the gold standard.

But what does this have to do with the price of gold in the future? Wouldn’t less demand by governments lead to lower prices? Not necessarily.


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