For decades. The first time: 1861 ~ 1865, the amplitude: 250%~ 30062, the U.S. Congress passed a "Legal Currency Act", which stipulated that banknotes called "Green Back Couples" can be used as currency circulation as currency circulation Essence There is no statutory price relationship between Green Back and Gold, in fact, it is to abandon the gold standard. With the large number of banknotes, inflation is inevitable. Because the main trading partners in the United States are the United Kingdom, and the pound is linked to gold, the gold price expressed in the green back of the United States is basically the US dollar price of £ 1. In the early days of the war, the gold was worth $ 4.86, but after 1862, the green back and American banknotes depreciated sharply compared to gold. By 1864, it reached its peak, and it took $ 12 to buy a pound of pounds at the time. Second time: 1970 ~ 1980, amplitude: 24 times the Breton Forest system in 1944 determined the world currency system of the US dollar. You can buy gold from the US $ 35/ounce. After World War II, in order to assist the reconstruction of European countries after the disaster, the United States continued to enter the US dollar to the world, and Europe also transitioned from the "US dollar" after the war to the "US dollar disaster" in the late 1960s. Due to the flood of the US dollar, inflation has intensified. When the Nixon government announced that the Nixon government announced the fixed price comparison relationship between the US dollar and gold, the world entered the era of fiat currency, that is, the era of comprehensive inflation, gold has skyrocketed: from 35 US dollars/ounce to 1980 $ 850/ounce. The third time: From March 2002 to March 2008, the range: 300%network foam and "9.11", from early 2001 to June 2003, the Federal Reserve adopted a total of 13 interest rate cuts to reduce the federal fund interest rate from 6.5%to to 6.5%to to 6.5%to 1%(this is the lowest point since 1958) and maintain this interest rate level for one year. This extremely loose monetary policy laid a solid foundation for the sharp depreciation of the US dollar in the following years and the United States' conveying inflation to the world. As a result, the inflation rate of more than 70 countries around the world in 2008 reached double digits, and Zimbabwe Due to the spread of malignant inflation, it had to cancel its national currency. Driven by inflation, gold began to "flash" again. Although the lowest point appeared in 1999, the actual rise began in 2002. %.
For decades.
The first time: 1861 ~ 1865, the amplitude: 250%~ 30062, the U.S. Congress passed a "Legal Currency Act", which stipulated that banknotes called "Green Back Couples" can be used as currency circulation as currency circulation Essence There is no statutory price relationship between Green Back and Gold, in fact, it is to abandon the gold standard. With the large number of banknotes, inflation is inevitable. Because the main trading partners in the United States are the United Kingdom, and the pound is linked to gold, the gold price expressed in the green back of the United States is basically the US dollar price of £ 1. In the early days of the war, the gold was worth $ 4.86, but after 1862, the green back and American banknotes depreciated sharply compared to gold. By 1864, it reached its peak, and it took $ 12 to buy a pound of pounds at the time. Second time: 1970 ~ 1980, amplitude: 24 times the Breton Forest system in 1944 determined the world currency system of the US dollar. You can buy gold from the US $ 35/ounce. After World War II, in order to assist the reconstruction of European countries after the disaster, the United States continued to enter the US dollar to the world, and Europe also transitioned from the "US dollar" after the war to the "US dollar disaster" in the late 1960s. Due to the flood of the US dollar, inflation has intensified. When the Nixon government announced that the Nixon government announced the fixed price comparison relationship between the US dollar and gold, the world entered the era of fiat currency, that is, the era of comprehensive inflation, gold has skyrocketed: from 35 US dollars/ounce to 1980 $ 850/ounce. The third time: From March 2002 to March 2008, the range: 300%network foam and "9.11", from early 2001 to June 2003, the Federal Reserve adopted a total of 13 interest rate cuts to reduce the federal fund interest rate from 6.5%to to 6.5%to to 6.5%to 1%(this is the lowest point since 1958) and maintain this interest rate level for one year. This extremely loose monetary policy laid a solid foundation for the sharp depreciation of the US dollar in the following years and the United States' conveying inflation to the world. As a result, the inflation rate of more than 70 countries around the world in 2008 reached double digits, and Zimbabwe Due to the spread of malignant inflation, it had to cancel its national currency. Driven by inflation, gold began to "flash" again. Although the lowest point appeared in 1999, the actual rise began in 2002. %.