Forgotten Fortunes Editorial · Article Discussion
Read the original research: The Collapse of the London Gold Pool and the Fall of Bretton Woods
Story overview: Formed in November 1961 by eight central banks to defend the $35-per-ounce Bretton Woods gold price in London, the Gold Pool bled $3 billion in bullion after the 1967 sterling devaluation before collapsing in March 1968 and paving the way for the 1971 Nixon Shock.
Discussion question: What role did the commodity itself play compared with speculation and financing?
Have a different interpretation? Share the evidence and explain why.
Editorial discussion starter, not an independent member endorsement.