This happened in England to a different scale, the coins use to be real gold. But they took in all the gold coins and handed out gold colored, plated coins.
In the US the government was trying to gather up all the citizens gold and trading it for printed money.
$1US use to equal a thirty-fifth of an ounce of gold.
now
$1 equals around 1/1800 of an ounce of gold.
There were huge profit margins.
And if you didn't know why libya was invaded and ghaddafi killed. It was because he had plans to trade his oil for gold.
In the US the government was trying to gather up all the citizens gold and trading it for printed money.
$1US use to equal a thirty-fifth of an ounce of gold.
now
$1 equals around 1/1800 of an ounce of gold.
There were huge profit margins.
And if you didn't know why libya was invaded and ghaddafi killed. It was because he had plans to trade his oil for gold.