However, in 1971 President Richard Nixon opted to get rid of the convertibility of pounds into gold. While in the nineteen sixties, the share of US export output decreased and so did the need for overseas countries to carry dollars. And they had an incentive to dump them as additional https://thca-what-does-it-do99900.blogolize.com/examine-this-report-on-silver-and-gold-custodians-72951880