Others were arrested and coordinated stings. In 1971, Richard Nixon ended the gold standard altogether. So the government no longer had an interest in preventing gold ownership. Though of course, Americans certainly did. The dollar, which is the best performing currency of the past hundred years, has declined by 95% between 1925 and 2025. During the same period, gold rose from $20 an ounce to more than 4,000. On New Year's Eve 1974, President Gerald Ford signed legislation making it legal for Americans to own bullion again. (15:36–15:46)
CLAIM
Asserts that the dollar has declined by 95% in value over a century.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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