[VIDEO] “Gold backing” of the dollar
Gold and the dollar are considered to be rivals, but it was the precious metal that helped the US currency to take leading positions in the international market. Over the years of confrontation, their competition has evolved in different ways, but the fact remains the same: thanks to a solid gold base, the dollar has become the main currency in the world economy.
How did “gold backing” help the dollar gain power?
Click the button and find out what history teaches us.
Published: 28.08.2023
RELATED NEWS
![[VIDEO] Central banks acquired a quarter of the world's gold!](https://f01.gig-os.com/81/2d/76/ff/b0/812d76ffb00ee75856059a67a872642c_5.webp?1 "[VIDEO] Central banks acquired a quarter of the world's gold!")
![[VIDEO] Gold: new records amid market volatility](https://f01.gig-os.com/03/8b/98/61/b7/038b9861b74be1ae5d57e56e2d2dc859_5.webp?1 "[VIDEO] Gold: new records amid market volatility")
![[VIDEO] Depreciation of money: how to preserve capital?](https://f01.gig-os.com/f9/05/87/f3/5d/f90587f35d2d7a1df8880c220372ab8b_5.webp?1 "[VIDEO] Depreciation of money: how to preserve capital?")
![[VIDEO] How has the price of gold changed over 30 years](https://f01.gig-os.com/5b/67/2c/6d/9e/5b672c6d9e119aa1bebbec47e40d5231_5.jpg?1 "[VIDEO] How has the price of gold changed over 30 years")
![[VIDEO] Why is gold being bought up en masse in Poland?](https://f01.gig-os.com/f7/16/35/90/67/f716359067761d2ba2b3f2dc0ea4862a_5.webp?1 "[VIDEO] Why is gold being bought up en masse in Poland?")
![[VIDEO] Why do African countries choose gold?](https://f01.gig-os.com/47/65/0b/58/a3/47650b58a311abd20652f08dea66a0f2_5.webp?1 "[VIDEO] Why do African countries choose gold?")
![[VIDEO] Professional investors from the US and Canada choose gold!](https://f01.gig-os.com/cd/89/85/26/d2/cd898526d28c227d2662706c89907278_5.webp?1 "[VIDEO] Professional investors from the US and Canada choose gold!")
![[VIDEO] Why billionaires are investing in gold en masse: 4 examples](https://f01.gig-os.com/da/49/f9/0b/cc/da49f90bcc1aad96458df8c01ec1724f_5.webp?1 "[VIDEO] Why billionaires are investing in gold en masse: 4 examples")
![[VIDEO] “Battle for the golden crown”: can Singapore overtake Switzerland?](https://f01.gig-os.com/95/b4/81/63/f6/95b48163f62295d19a14adb63283b13f_5.webp?1 "[VIDEO] “Battle for the golden crown”: can Singapore overtake Switzerland?")
![[VIDEO] Gold has surpassed the euro: new trends in the global econom](https://f01.gig-os.com/fc/57/0f/39/19/fc570f3919be493ff27abdaedb0a885b_5.webp?1 "[VIDEO] Gold has surpassed the euro: new trends in the global econom")