Genesis Mining conducted a survey asking what support is given to the U.S. dollar. Apparently, about 30% of the U.S. public believe that gold still supports the dollar.
The Bretton Woods system came to an end in 1971, and then the USD-to-Gold convertibility was officially terminated. The dollar became a fiat currency alone, and free-floating exchange rates. Despite this occurring nearly 50 years ago, some Americans still feel that gold is somehow tied to dollars.Read More »30% of Americans Believe the U.S. Dollar Is Backed by Gold