lectur4-page4 - Any time there appears to be a threat to...

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From 1968 to 1971, only selective foreign redemption was allowed. In 1971, the U.S. “Gold Window” closed. The U.S. dollar is no longer directly tied to gold or any other commodity, and gold is freely traded in world markets.
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Unformatted text preview: Any time there appears to be a threat to world political stability, gold prices usually increase. 4...
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