American Presidency Project

The American Presidency Project at the University of California, Santa Barbara, keeps the texts of U.S. presidential documents; entries here cite its record of Richard Nixon's August 15, 1971 address.

1 entries

Event August 15, 1971 Added October 22, 2026 Updated October 22, 2026 Article

The Nixon shock: the August 15, 1971 address that cut the dollar loose from gold

Bitcoin Institute

On August 15, 1971, Nixon told Americans he had suspended the dollar's convertibility into gold "temporarily" and that their dollar would be worth as much tomorrow. It never came back.