Interest rates, money creation and official gold reserves: the monetary backdrop that matters for precious metals.

How the postwar system pegged currencies to a dollar convertible at $35 an ounce, why it came under strain in the 1960s and what changed in August 1971.

Why the United States removed silver from its dimes and quarters in 1965, what replaced it, and how the 40% silver half dollar fits into the story.

From the Coinage Act of 1873 to Bryan's 1896 speech and the Gold Standard Act of 1900: how silver divided American politics for a generation.

How Executive Order 6102 required Americans to hand in gold, how the Gold Reserve Act revalued gold to $35 and when private ownership became legal again.

From Britain's early adoption to the wave of the 1870s and the shock of 1914: how the classical gold standard operated and why it never fully returned.

Why central banks keep gold, how the 1971 break with convertibility and the sales era shaped reserves, and what official buying means for price.

How real interest rates, quantitative easing, the dollar and Fed communication influence gold and silver, and why the link is never mechanical.