The one year gold price chart from www.kitco.com shows that the US has been on a de facto US dollar gold standard for over a year now. This means that the US dollar gold price has been "fixed" for all practical purposes at about $1,300. This is big news since President Nixon closed the "gold window" back in 1971. "Gold window" just means people and governments can exchange a fixed number of US dollars for each troy ounce of gold. Now after more than 40 years, a new "gold window" has been opened.
[Click on chart above to enlarge.]