Explainer: What the Hell Is a Gold Bust, and Why Should You Care? A “gold bust” is when the price of gold drops hard — often after a run-up caused by fear that the dollar is circling the drain. It’s happened four times since the U.S. decoupled gold from the dollar in 1968. Each bust followed a brief moment of hope that maybe, just maybe, the clowns running the fiat circus had finally figured it out. Spoiler: they hadn't. Here's the breakdown of each bust, what triggered it, and why another one could be lurking — or not. 1. The 1974–1976 Bust: The Fed Tries to Be German Gold spiked because people were losing faith in the dollar. Then the…
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