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The Next AI Investment Story: Power
Motley Fool Money
The Gold Standard's Legacy and Monetary Shifts
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This chapter examines the pivotal moment in 1971 when the U.S. abandoned the gold standard, resulting in increased national debt and diminished monetary accountability. It further contrasts the historical reliability of gold as a store of value with the modern rise of cryptocurrencies, emphasizing the importance of public confidence in monetary policy.
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highlights
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