The Great Money Reset of 1971
![A proper breakfast in a proper country. Sigh... (cue Elgar) A proper breakfast in a proper country. Sigh... (cue Elgar) Source: Historic-UK](https://www.bullionvault.com/gold-news/sites/default/files/old-money-menu.png)
"Pre-decimal currency inspired dazzling feats of daily mental arithmetic, from schoolchildren buying sweets, from shop assistants and transport staff giving change, from punters calculating winnings, from anyone with a complicated order in a pub or a restaurant."
![The real value of £1 in Feb 1971's New Pence (right) vs. gold in Sterling, 2021 terms. Source: BullionVault via St.Louis Fed The real value of £1 in Feb 1971's New Pence (right) vs. gold in Sterling, 2021 terms. Source: BullionVault via St.Louis Fed](https://www.bullionvault.com/gold-news/sites/default/files/d-day-1971.png)
![Modern life is rubbish, plunging inflation edition Modern life is rubbish, plunging inflation edition](https://www.bullionvault.com/gold-news/sites/default/files/oecd-inflation.png)