Directly linked to gold, countries are linked to the dollar, and can be converted to the United States at the official price of 35 dollars an ounce.
Gold rises when it falls, and the dollar index tends to rise when it falls, with gold being negatively correlated with the dollar for most of the year.
Established in 1944: The dollar as the primary international currency.
The DOLLAR IS LINKED WITH GOLD DIRECTLY, EACH COUNTRY’S CURRENCY IS LINKED WITH THE DOLLAR, AND CAN change gold to the United States by the official price of an ounce of 35 dollars.
This is commonly known as the “gold standard”, which means that each country’s currency is based on gold, but later due to the revival of Europe and Japan, countries used the dollar to hedge gold;
And the Vietnam War in the 1960s led to the collapse and eventual abandonment of the Bretton Woods system.
