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Eventually the government officials became less in a very say no to anything and instead, changed the rules, eventually ending with President Roosevelt removing the united states dollar from most for the gold standard during regarding Depression in 1933 while making it illegal for almost any US citizen to own most forms of gold. In 1971, President Nixon finished off what little relationship left between just how much gold the federal Reserve for you to have in reserve to back quantity of money of dollars they could print. This is were liberal to decide - if they needed more money, officially raise the debt ceiling, then just print some in mid-air. Gold was officially not money anymore.
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Before any introduction of money, gold people used gold as a associated with currency or exchange hand techinques. For many years, gold was also used as a symbol of status. Gold is a heavy metal and rock which is found rarely. It is actually very soft when extracted through the globe. Gold is certainly the most precious metals and it's also extracted from seas, rivers and community. Truly speaking, it quite difficult to trace out the exact location of gold therefore it is expensive. To make it worse pure gold jewelry almost 2.5 - 3 ton of metal is vital to create 1 oz of gold.