By 1965 the gold pool was consistently supplying more gold to cap prices
than it was winning back as mass amount of dollar came out of US because of
the need to finance Vietnam War, Great Society and so on with freshly
printed Dollars. The beginning of the end for the London Gold Pool was the
devaluation of the pound sterling in November 1967, causing yet another run
to gold. Through December that year, London sold close to 20 times its usual
amount of gold at market. Under pressure from the poo