President Trump’s Hint at The Strength of The US Dollar, Any Political Risk?

When the founders of the United States issued the dollar in 1792, it is easy to imagine that they did not expect it to be deliberately devalued. But that is exactly what happened in 1834, when the amount of gold backing a single unit of the currency was reduced to 1.5 grams from 1.6 grams. The pricing of gold-backed currencies changes more naturally over time. For the dollar, this came when the US overcame several financial crises in its history, either side of the Civil War and into the Great Depression in 1929, when an ounce of gold cost $20.67….