On August 15, 1971, Richard Nixon took us off the Gold Standard. This was a momentous decision that got the ball rolling to where we are today with the value of our dollar disappearing and inflation getting out of control. So what is the Gold Standard, and how does Nixon’s decision continue to affect our economy? Lou Scatigna, CFP explains in this segment from the Financial Physician.
Your financial advisor is like your doctor. You better have the right one, or you are going to be in trouble.