While many civilizations throughout the world used gold for money, eventually its role would change with the coming of the gold standard system. In modern history, gold was shaped by events such as Roosevelt’s confiscation order in 1933 and President Nixon ending the direct convertibility of gold to US dollars in 1971.
Although gold is no longer the basis of the modern monetary system, there is more gold demand today than ever before. - See more at the 2014 Gold Series Presentation. This infographic, part one in our 2014 Gold Series, introduces the yellow metal and tells the story of how it became the most sought after metal on earth. Follow This Link