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Home>Opinions and Analysis>D minus 11 days – Another record low for the Dollar priced in Gold, 11th in 2011

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D minus 11 days – Another record low for the Dollar priced in Gold, 11th in 2011

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24hGoldWire

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Published : August 05th, 2011

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Category : Opinions and Analysis

11 days before August 15, the 40^th anniversary of US President Richard Nixon’s speech announcing the end of the US dollar convertibility into Gold, the US dollar reached for the 11^th time this year a historical low when converted into Gold, at 1/1.681th of an ounce.

- D – 11 : August 4, 2011 : 10^th lowest price of 2011 at 1.681,74

- D – 12 : August 3, 2011 : 10^th lowest price of 2011 at 1.672

- D – 13 : August 2, 2011 : 9^th lowest price of 2011 at 1.661

Price of US dollar expressed in ounces of Gold since Sept, 2010

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